Holistically Assessing Risk
The Burnham System
ARM 401
Basic Study Material

The Burnham System is written and frequently revised by

Ray Burnham, CPCU, CLU, ARM, AIC, AINS, AIS, API, SPPA, AIM, AIC-M, ARM-E, AU, AU-M, ALCM, AAI, AAI-M, APA, ARP, AIAF, AMIM, AAM, AIT, ARe, AFSB, ASLI, AIDA, ARC, ARM-P, REBC, RHU, ASF, LIA, CASL, and ChFC;

Jean O’Reilly, PhD, CPCU, ARM, AINS, AIS, API, AIC, SPPA, AIM, AIC-M. ARM-E, AU, AU-M, AAI, AAI-M, APA, AMIM, AIT, ARe, AFSB, ASLI, AIDA, ARC, ARM-P, and AIAF; and

Lisa Tobey, JD, CPCU, CLU, ARM, AINS, AIS, API, SPPA, AIM, AIC-M, ARM-E, AU, AU-M, AAI, AAI-M, APA, AIAF, AMIM, AIT, ARe, AFSB, ASLI, AIDA, ARC, ARM-P, ACS, RWCS, RHU, REBC, CASL, AIC, EA, and ChFC.

Copyright © 2020 The Burnham System

ARM 401
Bound, Digital, & Audio Book Bundle

Holistically Assessing Risk Study Guide

The Burnham System is the gold standard for ARM 401 study guide materials. Using our guide you will learn everything needed to pass the ARM 401 Exam in the shortest time possible. Simply, you will learn more, faster.


Included for FREE with your purchase of this Bound Study Guide:

  • ARM 401 Audio Study Guide Narrations, in MP3 file format, expertly narrated by Lisa Tobey
  • ARM 401 Digital Study Guide Book, in PDF file format
  • Ray's definitions for each assignment's key words and other new terms
  • A sample diagnostic exam with answers and answer explanations
  • A non-printable copy of the course content in PDF format
  • Lisa's expert MP3 audio narrations


PDF Notice: PDF files are not printable. They are digitally annotatable.


Current Text Edition: 1st


Ray's estimate of course difficulty (1, easiest and 10, hardest): 6


Number of study guide pages: 47

Covered within this study guide:

  • Risk Identification
  • Risk Analysis
  • Risk Modeling
  • Big Data
  • Hazard Risks
  • Cyber Risks
  • Operational Risks
  • Social Media and Reputational Risks
  • Financial Risks
  • Supply Chain Risks

As a good study guideline, figure anything in those 47 pages might be on your exam and that there will be nothing on your exam that is not covered in those 47 pages.


This course replaces soon-to-be (3/15/2020) obsolete ARM 55.


The Burnham System is written and frequently revised by

Ray Burnham, CPCU, CLU, ARM, AIC, AINS, AIS, API, SPPA, AIM, AIC-M, ARM-E, AU, AU-M, ALCM, AAI, AAI-M, APA, ARP, AIAF, AMIM, AAM, AIT, ARe, AFSB, ASLI, AIDA, ARC, ARM-P, REBC, RHU, ASF, LIA, CASL, and ChFC;

Jean O’Reilly, PhD, CPCU, ARM, AINS, AIS, API, AIC, SPPA, AIM, AIC-M. ARM-E, AU, AU-M, AAI, AAI-M, APA, AMIM, AIT, ARe, AFSB, ASLI, AIDA, ARC, ARM-P, and AIAF; and

Lisa Tobey, JD, CPCU, CLU, ARM, AINS, AIS, API, SPPA, AIM, AIC-M, ARM-E, AU, AU-M, AAI, AAI-M, APA, AIAF, AMIM, AIT, ARe, AFSB, ASLI, AIDA, ARC, ARM-P, ACS, RWCS, RHU, REBC, CASL, AIC, EA, and ChFC.

Availability: In stock

$295.00