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Ajita Shashidhar

NEW DELHI, July 26

THE Institute of Integrated Learning in Management (IILM) has launched a one-year full time post-graduate diploma course in insurance and risk management. This is supposed to be the only course which is recognised by the Insurance Regulatory Development Authority (IRDA).

Talking to Business Line, Dr Ahindra Chakrabarti, Director, IILM, said, "With the opening of the insurance sector and more and more global players setting shop, there has been a rise in demand for trained insurance professionals."

The course, which will commence from September this year, will cover subjects such as fundamentals of risk and insurance, managerial accounting, strategic management, laws and regulations related to insurance, re-insurance, sales and distribution of insurance products and underwriting management.

Talking about the career opportunities in this industry, Dr Chakrabarti said, "The insurance industry is projected to grow at a rate of 15 to 20 per cent annually. In the next two years around 25,000 people are likely to be employed by this sector, and there will be a demand for marketing professionals, statisticians, systems professionals, finance experts and even medical professionals. The demand for insurance-specific positions such as agents, advisories, underwriters and actuaries are going to be higher."

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