The Academy is a non-profit corporation, funded entirely through publication sales and affiliation dues. The Academy promotes and conducts practical research on all aspects of the risk management and insurance industry. As an extension of its robust research program, The Academy publishes monographs and studies aimed at serving the needs of those desiring to share in the growth of the insurance industry.
The Academy also serves as the research and development department of The National Alliance. Additionally, The Academy provides support to higher education through the University Associate Programs (UACRM and UACIC) and assists educational institutions in their efforts to attract new people into the risk management and insurance industries.