Aimed at producing industry-ready professionals, the programme will be spearheaded by senior leaders from the insurance industry, providing students a real-time learning experience.
Loyola Institute of Business Administration (LIBA), recently announced its strategic partnership with the Insurance Institute of India (III) to introduce a first-of-its kind insurance management programme. With an aim to produce industry-ready professionals, the programme will be spearheaded by senior leaders from the insurance industry, providing students a real-time learning experience.
The burgeoning Indian insurance industry, has paved the way for new career opportunities with niche skill sets. The insurance management course from LIBA will be an executive diploma programme to groom insurance professionals to take on the challenges of growth in the complex Indian market. The faculty will include professors from LIBA, experts from the Insurance Institute and professionals from the industry.
Talking of the partnership, Fr. S J Christie, director – LIBA, says, “Over the years we have introduced various advanced academic programmes by tapping into high-calibre industries, which offer students the right environment to thrive. The association with The Insurance Institute of India is yet another significant initiative from LIBA, which will contribute to the growth of the insurance segment in India.”
P Venugopal, secretary general, Insurance Institute of India, says, “With management studies becoming a preferred option among students, there is a dearth of such formalised education in the segment. We are confident that LIBA’s proficiency and our subject matter expertise will attract talented young professionals to the industry and support them in developing successful careers.”
The one-year programme will be held during weekends to help working professionals make the most of this opportunity. Spread across three semesters, the course will introduce students to subjects, such as principles of insurance, practice of life insurance and general insurance, regulations of insurance business, legal aspects of life insurance, as well as fire & consequential loss insurance .
On successful completion of the first trimester with minimum 50 per cent marks in each subject, students will also be able to register as a Member with the Insurance Institute of India portal and apply for a ‘Licentiate’ certificate issued by the Institute. Additionally, students can become an ‘Associate’ of the Institute after completing two more courses — life/general insurance underwriting, and life insurance finance/ general insurance accounts preparation & regulation of investment— provided online to facilitate working professionals. This opens a large number of opportunities in the fields of health insurance, marine insurance, fire insurance, life insurance underwriting and many more.
Admissions for the executive diploma programme in insurance management will commence immediately and classes will begin from July, 2017. Candidates with any undergraduate degree can apply for the programme. Work experience in the industry will be given preference.