Financial Daily from THE HINDU group of publications
Thursday, Apr 15, 2004
Financial Daily from THE HINDU group of publications Thursday, Apr 15, 2004 |
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Money & Banking
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Education IIIF, a business school with a difference V. Rishi Kumar
Mr Appa Rao
Hyderabad , April 14 THE International Institute for Insurance and Finance (IIIF) has emerged as a business school with a difference. Created to serve as a centre of excellence to groom and hone skills as a finishing school for insurance and finance professionals, the centre is now creating online Web-based and executive training programmes for insurance professionals and techies. The Director of IIIF, Mr Appa Rao Machiraju, told Business Line that the institute was created to be part of the Financial District project. With the Indian insurance sector opening up and many foreign and private players entering the fray, the demand for manpower had gone up significantly, he said. "From the recent placement performance of the rolling batches from IIIF, it is clear that there is a huge demand-supply mismatch for trained professionals", he explained. It offers a one-year PG Course in insurance and risk management, developed in affiliation with the Department of Insurance and Risk Management of the Georgia State University, and conducted in association with the Osmania University. "Apart from this, we have designed courses that suits the trainers of these professionals," Mr Rao stated. The rolling education plan, which inducts students once in three months, has helped the institution, custom-design courses for the insurance business requirements. The last three batches received good response from the insurance industry and this was reflected from the placements in AMP Sanmar, ING Vysya, Reliance General Insurance, Bimaonline, India Insure, and Family Health Plan. The institute was co-founded with Mr Ramesh Gelli, founder of Global Trust Bank, in the backdrop of India undertaking structural reforms in the insurance and finance sector. Established under Section 25 of the Companies Act as a non-profit organisation, the IIIF has on the governing board that includes Dr Harold Skipper, Chairman of the Department of Insurance and Risk Management, Georgia State University; and Prof Gibbon, President of American Foundation for Insurance Education, among others.
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