Wikipedia

Draft:Institute of Insurance and Risk Management

  • Comment: The only new source added since the previous decline is the Business Today ranking one, which contributes precisely nothing towards notability.
    The author needs to read and understand the WP:ORG notability guideline, and provide evidence that this is satisfied. None of the sources currently cited contribute towards this. DoubleGrazing (talk) 06:42, 15 July 2024 (UTC)
  • Comment: Pure advertising, with zero evidence of notability. DoubleGrazing (talk) 11:49, 14 July 2024 (UTC)
Institute of Insurance and Risk Management
Other name
IIRM
TypeBusiness School
Established2002
Parent institution
Insurance Regulatory and Development Authority
AccreditationInsurance Institute of India[1][2], Institute of Actuaries of India[3]
AffiliationAll India Council for Technical Education[4]
Academic affiliations
Chartered Insurance Institute[5]
BudgetINR 22,92,36,133[6]
DirectorSuresh Mathur[7]
Academic staff
50+
Postgraduates150+
Location
Hyderabad, Telangana, India

17°25′30″N 78°19′58″E / 17.424936872667782°N 78.33288447708621°E / 17.424936872667782; 78.33288447708621
CampusUrban, 5 acres
LanguageEnglish
Business Today RankIncrease 120 (2023)[8]
Colours  Dark Cerulean Blue
Websitetheiirm.ac.in

Established in 2002 by the Insurance Regulatory and Development Authority, the Institute of Insurance and Risk Management (IIRM) was founded to provide education and training in Insurance, Risk Management, and financial disciplines. Its premier offering, the PGDM (2 years Masters Level Program), is duly approved by AICTE.[9]

IIRM is a management institute established by IRDAI, focusing on educating aspiring professionals in Finance, Financial Services, Insurance, Risk Management, Analytics, Actuarial Science and Marketing.

Academics

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IIRM offers a diverse range of postgraduate, and executive education programs, focusing primarily on areas related to finance, financial services, insurance, risk management, actuarial science, data science & analytics, marketing, and human resource management.[10][11]

Postgraduate Programs

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Two-year PGDM (Dual Specialization Program)

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The main program offered at IIRM is a two-year full-time PGDM, designed as a dual specialization program that covers a wide range of management disciplines. It includes areas such as finance, financial services, insurance, risk management, actuarial science, data science & analytics, marketing, and human resource management. The program consists of six trimesters beginning in June and ending in April of the second year. During the first year, students take foundational courses across different disciplines, while the second year offers a variety of elective options suited to individual career goals.

One-year PDGM

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IIRM, Hyderabad Campus

IIRM offers a one-year full-time PGDM program tailored for experienced professionals seeking advanced management education. This program leverages participants' extensive industry backgrounds, focusing on developing strategic leadership abilities. Similar to its two-year counterpart, the curriculum covers essential management disciplines and diverse elective courses, promoting a personalized and enriching learning experience.

The one-year PGDM program at IIRM is tailored for executives aiming to enhance their managerial skills and pursue careers in various fields such as finance, financial services, insurance, risk management, actuarial science, data science & analytics, marketing, or human resource management.

Specializations

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IIRM offers specialized full-time PGDM programs focusing on niche areas such as:

  • Finance
  • Financial Services
  • Insurance
  • Risk Management
  • Actuarial Science
  • Data Science & Analytics
  • Marketing Management
  • Human Resource Management

These specialized programs are carefully designed to meet specific industry needs, offering deep insights and expertise in their respective fields.[12]

Corporate Training Programs

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IIRM offers executive education programs aimed at mid-career professionals seeking to improve their skills and knowledge in various fields including finance, financial services, insurance, risk management, actuarial science, data science & analytics, marketing, and human resource management. These programs are designed to be flexible for working professionals, incorporating real-world case studies and industry best practices. They provide practical insights and leadership skills necessary for career growth.

Admission Process

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Admission to the programs at IIRM involves a thorough selection process aimed at identifying candidates with strong academic capabilities and managerial aptitude. The institute evaluates candidates based on scores from well-recognized management entrance exams including CAT (Common Admission Test), CMAT (Common Management Admission Test), and MAT (Management Aptitude Test).

Accreditation

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Both the Insurance Institute of India (III) and the Institute of Actuaries of India (IAI) have accredited the IIRM. The programs adhere to the standards established by professional bodies within the insurance and actuarial sectors in India.

Industry Engagements

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Swiss Re and IIRM MoU

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Swiss Re and the IIRM have entered into a strategic partnership aimed at strengthening the re/insurance academia in India. This collaboration involves initiatives such as improving educational programs, organizing industry-focused lectures, and supporting internships and job placements. The partnership aims to equip students with practical skills, deepen industry insights, and explore joint certification and research projects to advance knowledge in the insurance sector.[13][14][15][16][17]

2024 Spencer-RIMS Risk Management Challenge

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During the 2024 Spencer Soirée, Megan Miller, Executive Director of the Spencer Educational Foundation, recognized the IIRM Hyderabad team as winners of the Spencer-RIMS Risk Management Challenge. The team, known as The Vigilant Challengers, emerged victorious among 38 universities from 9 countries with their innovative risk management presentation on the City of Tukwila. This global competition, hosted at RISKWORLD® in San Diego, CA, highlighted IIRM Hyderabad's prowess in risk management education, emphasizing their standing as emerging leaders and future professionals in the industry.[18][19][20]

IRDAI Bima Manthan - Interaction with the Indian Insurance Industry

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IIRM, recognized as a center of excellence in insurance and risk management, underscored its dedication to promoting collaboration between academia and industry. During a presentation, IIRM emphasized its efforts to bolster human resource capacity in the insurance sector through specialized training and skill development for students. This initiative seeks to close the gap between theoretical education and practical industry requirements, aiming to cultivate a skilled workforce capable of meeting the dynamic demands of the insurance industry.[21]

Partnership with ICICI Lombard

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The Institute of Insurance and Risk Management has partnered with ICICI Lombard General Insurance Company Ltd to establish a Post Graduate Program in Risk and General Insurance. Aimed at addressing the need for specialized skills in the Indian insurance industry, the eight-month course will combine comprehensive theoretical education with practical industry insights. The program seeks to equip graduates with deep domain knowledge and expertise in risk management, preparing them for specialized roles within the sector.[22]

Business Today Ranking

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Business Today[23]
Year Rank Score
2023   120   585.8
2022   131   585.2
2021   144   590.9

Notable alumni

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References

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  1. ^ "ABOUT INSURANCE INSTITUTE OF INDIA".
  2. ^ "EXEMPTION IN PROFESSIONAL EXAMINATIONS" (PDF).
  3. ^ "IAI Accredited Institutions".
  4. ^ "AICTE List of Approved Institutes" (PDF).
  5. ^ "CII Chartered Insurance Institute - Directory of Affiliated Institutes".
  6. ^ "MINUTES OF THE 93rd MEETING OF THE AUTHORITY - Item No. 4: Details of soft loan granted to IIRM".
  7. ^ "IRDAI Office Order Ref: IRDA/HR/PER/191/10/2016".
  8. ^ "Ranking based on the score obtained out of a total of 1,000".
  9. ^ "AICTE List of Approved Institutes" (PDF).
  10. ^ "IIRM Hyderabad Courses".
  11. ^ "IIRM Hyderabad Courses".
  12. ^ "IIRM Hyderabad developing an employable workforce". 19 December 2021.
  13. ^ "Swiss Re GBS India signs MoU with IIRM to enhance capability building programs in India's Insurance Industry". ThePrint. July 2022.
  14. ^ "Swiss Re India signs MoU with IIRM to enhance insurance industry". 29 June 2022.
  15. ^ "Swiss Re GBS India signs MoU with IIRM to enhance capability building programs in India's insurance industry".
  16. ^ "Swiss Re GBS India signs MoU with IIRM to enhance capability building programs in India's insurance industry" (PDF).
  17. ^ "Swiss Re GBS India Signs MoU with IIRM to Enhance Capability Building Programs in India's Insurance Industry".
  18. ^ "IIRM Hyderabad Wins the 2024 Spencer-RIMS Risk Management Challenge".
  19. ^ "Recap: 2024 Spencer-RIMS Risk Management Challenge".
  20. ^ "A RISKWORLD Reflection".
  21. ^ "Bima Manthan Interaction with the Indian Insurance Industry" (PDF).
  22. ^ "ICICI Lombard, IIRM jointly launches PG program in Risk and General Insurance".
  23. ^ "Ranking based on the score obtained out of a total of 1,000".
  24. ^ "PROFILE OF SHRI M.JAGANNATH, MANAGING DIRECTOR, LIC OF INDIA".
  25. ^ "M Jagannath appointed as Managing Director of LIC".
  26. ^ "Meet the new LIC Managing Director".
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