Swiss Re inks MoU with IIRM to strengthen insurance academia

Mumbai: Swiss Re signed a memorandum of understanding (MoU) with the Institute of Insurance and Risk Management (IIRM), an organization dedicated to providing executive education across the financial services sector. The partnership is aimed at catalyzing synergies to strengthen re/insurance academia in India.

Talking to Bizz Buzz, Suresh Mathur, Managing Director of IIRM, said: "This partnership will not only benefit IIRM and Swiss Re but also contribute to the Indian market in term of furthering research and training in re-insurance. This partnership gets well with the vision of the government of India and the regulator to create a re-insurance hub in India."

We hope that this joint effort will benefit students by helping them develop into responsible and professional talents within the industry. We trust and value Swiss Re's expertise and deep understanding of the insurance ecosystem, and that they will bring global best practices to better prepare students for a dynamic professional environment, he added.

Swiss Re Global Business Solutions India will collaborate closely with IIRM on its post graduate degree in management, offering short modules, conducting lectures on re/insurance topics, and creating opportunities for IIRM students through internships and job placements.

Amit Kalra, Swiss Re's Head GBS Centres India said: "Swiss Re is committed to the growth and development of India's insurance sector. This collaboration will be a building block towards structuring and elevating capabilities across the entire insurance value chain. Together with IIRM, we will work to equip the industry with upskilled professionals, who play an important role in building India's resilience and narrowing the nation's insurance protection gap."

Together, Swiss Re and IIRM will undertake industry research to improve overall knowledge on the insurance ecosystem. Through the partnership, both organisations will explore the possibility of Swiss Re becoming a representative member on IIRM's advisory panel and Academic Governing Council.

Following the successful implementation of the collaborative program, Swiss Re and IIRM aim to offer joint certification on technical topics such as global reinsurance and insurance trends, as well as other value-added courses.