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A woman sits at a desk and writes notes as she reads off a laptop. Risk in an Evolving World is a Course

Risk in an Evolving World

Apr 15, 2024 - Jun 7, 2024

$499 Enroll

Full course description

Risk in an Evolving World

Learn about risk management, insurance theory and practice, and its economic and social significance in today’s rapidly evolving landscape. You'll explore how the risk environment is changing, use of increasing technology in risk management, how corporate governance and social responsibility issues can impact an organization, and how the holisitic approach is used to manage both short and long term risk. Participants who achieve a grade of 80% or higher will receive a non-credit certificate of completion along with an exam waiver towards the Associate in Risk Management (ARM) designation.

This course is the first of three courses in the Associate in Risk Management non-credit certificate program.

Program Description

The Associate in Risk Management (ARM) program prepares employees to build and carry out a risk financing strategy that will uphold their organization’s financial goals. Acquire skills in risk assessment and learn how to effectively participate in risk control programs. This program is recommended for agents, brokers, risk managers, operational risk personnel, business executives, and agency principals.

Course Modality: This is an asynchronous course offered online. 

This course will utilize Canvas, an online learning management system. Upon registration, please visit your student dashboard to access Canvas.

Course Instructor: Kevin Aguas

Course Dates: April 15 through June 7, 2024

Course Time: There is not a scheduled class time for this course. Starting April 15th, you will have eight weeks to complete the course content, which you can access and work on at any time. The course will close on June 7th. 

Cost: $499

Course Materials: Students will need to obtain a copy of the textbook: "ARM400 Collegiate Edition 1/e, Dec. 2020, ISBN: 978-0-89462-469-8" through The Institutes. Access their website:  The Institutes Website

Links to an external sit

Registration Deadline: April 16th

For registered NAU students, faculty, and staff with an email address, please click “Login” at the top right corner of the page and log in using your NAU credentials. Do not create a new Catalog account.

For more information, contact 

Kevin Aguas is an Associate Professor of Finance for the W.A. Franke College of Business. He is the lead instructor for the Risk Management and Insurance Undergraduate Certificate, and advises Gamma Iota Sigma (GIS), the national student organization for insurance. An NAU alum, he transitioned from a 23-year management career in transportation to finance, joining NAU in 2012 to teach Personal Finance and Risk Management courses.


Professional disability specialists are available at Disability Resources to facilitate a range of academic support services and accommodations for students with disabilities. If you have a documented disability, you can request assistance by contacting Disability Resources at 928-523-8773 (voice), 928-523-8747 (fax), or (e-mail).