Center for Insurance Studies and Research Advances Knowledge and Understanding

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The Center for Insurance Studies and Research is dedicated to advancing knowledge and understanding in the field of insurance.

This center is a valuable resource for insurance professionals, researchers, and students, providing them with access to cutting-edge research and expertise.

The center's research focuses on insurance industry trends, risk management, and regulatory issues.

By staying up-to-date on the latest insurance research, professionals can make informed decisions and improve their work.

History and Research

The Center for Insurance Studies and Research has a rich history, with its course content designed specifically for the insurance sector.

The IRDA has certified the MBA Insurance as one of the qualifications required for Corporate Insurance Executives. This certification is a testament to the program's relevance and value in the industry.

The Insurance Institute of India has allowed exemption to MBA Insurance Degree holders from the CISR, enabling them to directly appear for the Fellowship Examinations.

New Studies

The insurance industry has undergone significant changes in recent years, and ongoing research is helping to shape its future. The NAIC, Center for Insurance Policy and Research, and Capital Markets Bureau are currently conducting a study on infrastructure investments as an asset class.

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This study aims to explore the insurance industry's participation in the infrastructure market, including barriers and opportunities. The researchers are gathering information and input from market participants on key topics such as the definition of infrastructure and the market size for infrastructure assets.

The study is expected to be released in Spring 2020, and a conference call was held on October 18, 2019, to discuss the proposed definition for Infrastructure Investments. The presentation for the call can be accessed online.

Rising health care costs are another area of focus for researchers, with the NAIC, Center for Insurance Policy and Research, publishing a study on the drivers, challenges, and solutions in December 2018 and a second installment in August 2019.

History

The MBA Insurance program has a rich history, and its design is deeply rooted in the needs of the insurance sector.

The course content has been carefully crafted to cover a wide range of subjects, including Actuarial sciences, reinsurance, and management.

An Insurance Agent Holding an Insurance Policy
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The general insurance sector has a high demand for engineers, particularly in the areas of risk inspection and risk management.

The IRDA has certified the MBA Insurance as one of the qualifications required for Corporate Insurance Executives and Faculty of Agents' Training Institutes.

Insurance Institute of India has granted exemption to MBA Insurance Degree holders from CISR, allowing them to directly appear for the Fellowship Examinations.

Student Development

The Center for Insurance Studies and Research is committed to nurturing the next generation of insurance professionals. Through the ORMIR program, students from various disciplines can explore careers in risk management and insurance.

Students from accounting, actuarial science, atmospheric science, computer science, engineering, finance, and statistics can investigate professional development resources and opportunities to enrich their experiences of and interest in risk management and insurance.

The AXIS Risk Management Academy, established with support from AXIS Capital, provides a platform for students to connect with industry professionals and explore career paths.

Now is an exciting time to bring new talent into the insurance industry, and ORMIR is a great way to connect the industry with aspiring students, opening the door to unprecedented opportunities.

Forrest Schumm

Copy Editor

Forrest Schumm is a seasoned copy editor with a deep understanding of the financial sector, particularly in India. His expertise spans a variety of topics, including trade associations, banking institutions, and historical establishments. Forrest's work has shed light on the intricate landscape of Indian banking, from the Indian Banks' Association to the significant 1946 establishments that have shaped the industry.

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