Certified Program in Insurance Management (6 Months)
3-months of classroom learning, blended with 3-months industry internship with leading Insurance companies and Banks
At the end of the 6 months program, the student will get a Certification in Insurance Management, certification from AAFM, USA recognized everywhere in the world owing to its global accreditation.
Insurance Management in India – the big opportunity!
As of April, 2000 there were only 2 insurance companies in India. These were LIC (Life Insurance Company) and GIC (General Insurance company), both of them state-owned. GIC had 4 subsidiaries, which were Oriental Insurance Company, New India Assurance Company, National Insurance Company and United Insurance Company Limited. Today, in a span of 8 years, the number of insurance companies in India has gone up from 2 to 37 insurance companies. It is obvious that with the growth in the number of insurance companies and the need for insurance as an intrinsic part of financial planning, the need for certified professionals for this industry has grown manifold.
IIFM students who go through the program will be picked up by leading players in the Insurance sector. Candidates will get an appointment letter at the time of gaining admission into IIFM, from one of our insurance partners, based on qualifying criteria.
The inherent need for trained & certified Insurance Managers
The financial service sector is among the Top 5 fastest growing sectors in India
We haven’t yet seen the tip of the iceberg as far as Insurance sector is concerned – the current penetration of insurance is still very low, which offers a great opportunity for insurers and insurance managers
Within Financial services, most organizations cite Insurance & Wealth management as the key focus area for their business
As per the industry, there is an immediate need of at least 30,000 Insurance & Wealth management professionals every year and this is expected to touch the 50,000 per year mark in the next 3 years as insurance & wealth management achieve greater penetration
There is a strong need for sound Insurance management & wealth advice for current and potential investors, and this is not available at the rate that it is required
There is a gap of 30,000 insurance & wealth managers already, and there is no place where Insurance companies and Banks can get their sorely required trained resources. Organizations in this sector require professionals especially trained and certified in this domain. This is why financial services organizations are now looking towards professionals who are certified by experts and ready to hit the ground running as soon as they join the ranks of these organizations. This is one of the main reasons why students who pass out of IIFM will find that they have great Insurance & Banking careers ahead of them.
The next generation “Insurance Manager” is going to be a person who doesn’t just have a degree from some college saying that he is a graduate or a post graduate. He will be someone who has a great degree of domain knowledge combined with has specialized skills of relating to people, influencing decisions, leadership and communication.
Welcome to IIFM – the place where experts from the Insurance, Banking & financial services sector will ensure that you are certified and trained in the finer elements of Insurance, Wealth Management and other related areas.