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Monday, Mar 15, 2004

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Insurance academy to offer management courses

Our Bureau

Pune , March 14

NATIONAL Insurance Academy (NIA) is now opening its doors to bring in management education as part of its curriculum.

The academy, which had focused only on training and research, would now look at areas such as education and consultancy, Mr K.C. Mishra, Director, NIA, told presspersons here.

He said in the education sector, at the entry level NIA would be offering Masters in Business Administration (MBA) and domain-specific courses. The programme has been fully accredited by FairFax University of the US and would accommodate 60 students at the beginning. Out of the 60 students, 50 per cent would come in from India. This is a two-year course and would be based on the CAT and GMAT scoring respectively, he said.

He said NIA has entered into collaboration with the Emirates Pearl Management Training Institute based in the UAE for undertaking research, training, consultancy and advisory services for GCC countries (the UAE, Saudi Arabia, Bahrain, Kuwait, Qatar and Oman). The second collaboration in Digambia is with the West Africa Insurance Institute and has also been recognised as an Associate Member of the Federation of Afro Asian Insurers and Reinsurers. He said talks were at an advanced stages for collaborations in Sri Lanka and Mauritius and had almost finalised collaboration in Nepal for sales functions.

NIA is also offering congentialising programme, a two-year course, where students would be taking one year academic training from the academy and one year would be spent in the company getting industry knowledge.

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