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NBA accreditation received by PGDM programme under the third cycle.

Course Overview

PGDM-IBM offers a two-year full-time residential Post Graduate Diploma in Management in Insurance Business Management. It is a 114.5 credit program. The PGDM-Insurance Business Management (IBM) course was introduced in the year 2000, coincided with the opening up of the insurance industry for private competition. The avowed objective of the program of Insurance Business Management (IBM) of BIMTECH is to turn out Insurance Management Professionals who are industry-ready.

To achieve this objective, we offer cutting-edge curricula among the recently introduced changes are courses on, Actuarial Science, Insurtech, Insurance Analytics, Enterprise Risk Management and Advanced Health Insurance. This is, of course, besides the conventional insurance subjects both in life, non-life, health, and reinsurance.

We focus on quality by imparting knowledge & deep understanding of Industry Oriented Unique courses apart from General Management area to gain integrated knowledge on insurance functions. The program also has two joint certifications with global education providers – a certificate in Reinsurance with Swiss re and another certificate in Risk Management with Risk Insurance Management Society-USA. We also offer catastrophic Modeling workshops, KPMG & IIBA Certifications.

Why Choose Our Programme?
  • Comprehensive Curriculum: Our programme offers a robust curriculum that covers all facets of the insurance industry, from risk management and underwriting to claims and policy administration. We ensure our students are well-versed in both theoretical knowledge and practical applications.
  • Expert Faculty: Our faculty comprises industry veterans and esteemed academicians who bring a wealth of experience and insights to the classroom. Their expertise ensures that our students receive the best possible education and are prepared to excel in the insurance sector.
  • Industry Connections: BIMTECH has strong ties with leading insurance companies, providing our students with unparalleled networking opportunities. These connections often lead to internships, mentorships, and job placements, giving our graduates a head start in their careers.
  • State-of-the-Art Facilities: Our campus is equipped with modern facilities, including advanced computer labs, a comprehensive library, and simulation centers that mimic real-world insurance operations. These resources support our students in gaining hands-on experience.
  • Global Perspective: In today’s interconnected world, understanding global insurance markets is crucial. Our programme includes international case studies and opportunities for global exposure, ensuring our students are prepared to operate in a globalized economy.
  • Holistic Development: We believe in nurturing well-rounded professionals. Our programme includes soft skills training, leadership development, and ethical business practices, ensuring our graduates are not just industry-ready but also responsible global citizens.

Join us at BIMTECH and take the first step towards a successful career in Insurance Business Management.

Programme Highlights
  • BIMTECH has a strategic partnership with Swiss Re for campus connect programs and other value-adding strategies.
  • PGDM (Insurance Business) program has got credit for Prior Learning /Accreditation by the Insurance Institute of India (III), Mumbai. Our students are to clear just two mandatory papers to get Associateship level recognition from the Insurance Institute of India.
  • A similar kind of credit for prior learning recognition is also in place with Chartered Insurance Institute-UK. Our students get the eligibility of Diploma in Insurance status from CII-UK after completing the course, subject to having passed two mandatory courses of CII-UK.
  • LIMRA/Life Office Management Association (LOMA), USA, is an educational partner and BIMTECH is an approved Third-Party Examination Centre for LOMA exams. Quite a few of the Life Insurance subjects taught at BIMTECH are based on the LOMA curriculum.
  • There exists an MoU with the Risk and Insurance Management Society (RIMS), USA for Certified Risk Management Professional Certification (CRMP) and the institutes (US).
  • With the mission of creating & dissemination of knowledge in Global context in mind, BIMTECH has also taken up the institutional membership of fraternal organizations such as the Asia Pacific Risk & Insurance Association (APRIA), Federation of Afro Asian Insurers & Reinsurer (FAIR) & Risk Management Association of India (RMAI).
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Prof. Pratik Priyadarshi

Chairperson - PGDM (IBM)
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Duration
2 years
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Semesters
4
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Degree
Yes
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Start Date
02 June 2025
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Fees
3,50,000/-Per Semester

Admission Open for

2025-26

  • Effective Managerial Communication-I
  • Statistics for Business
  • Marketing Management
  • Insurance Business and Accounting
  • Organizational Behavior  & Human Resource Management
  • Insurance Economics
  • Information Systems Management
  • Spreadsheet Modeling
  • Design Thinking
  • LEAD-I – Lab/Workshop

  • Effective Managerial Communication II
  • Insurance Laws and Regulations
  • Data Visualiation with Power BI and Tableau
  • Principles of Insurance
  • Property-I (Fire & Consequential Loss)
  • Products and Practice of Life Insurance
  • Elements of Actuarial Science
  • Channel Management
  • LEAD-I Lab/Workshop

  • Marketing Research
  • Fundamentals of Data Analytics using Python
  • Insurance Broking
  • Risk Management
  • LEAD-I Lab/Workshop
  • Health Insurance
  • Property-II (Construction & Engineering Insurance)
  • Life Insurance Underwriting
  • Insurtech-I (Elective)
  • Insurtech-II (Elective)
  • ASMP (Alumni)
  • STP

  • Motor Insurance (Own Damage+TP)
  • Liability Insurance 
  • Advanced Risk Management (ERM)
  • Reinsurance
  • Insurance Analytics- I(Elective)
  • Insurance Analytics – II(Elective)
  • ASMP
  • Marine Cargo & Hull Insurance
  • Services Marketing & CRM
  • SIP

  • Employee Benefit
  • Responsible Business 
  • Business Innovation in Insurance
  • Catastrophe Risk Modeling
  • Risk Financing and Transfer
  • Advanced Health Insurance
  • Dissertation/ Consultancy/Scaling Strat-up/IRS

  • Agriculture and Misc. Insurance
  • Sustainability and Climate Action
  • Dissertation/ Consultancy/Scaling Strat-up/IRS
  • Cyber Risk
Strategic Tie-Ups and Alliances

Launch of "PG Plus" Program with CII-UK

BIMTECH launched a dual degree program named “Post Graduate Diploma Plus” for its PGDM-Insurance Business Course students in association with Charted Insurance Institute–UK on July 2 2015. CII-UK has been collaborating since 2010 in the form of accreditation of its PGDM-Insurance Business Management course. The new arrangement is a step to take the existing relationship to the next level. Under the new structure, the students completing the programme will achieve dual qualifications: A diploma in Insurance from CII and a Post Graduate Diploma in Insurance Business Management from BIMTECH. This tie-up endorses BIMTECH’s commitment to improving global professional standards & technical insurance knowledge.

MoU with Swiss Re

BIMTECH signed an MoU with Swiss Re’s Global Services Delivery Centre, Bangalore, for an exclusive Campus Connect tie-up in April 2015. The partnership aims to improve professional insurance education in the country and prepare insurance students for industry. Through this partnership, Swiss Re will bring in its unmatched global expertise in reassurance to BIMTECH, help in its curriculum build-up, and access to customized workshops and learning resources.

Swiss Re will get opportunities to tap talents from BIMTECH, a pioneer in insurance post-graduate education in India, on a priority basis. Besides, BIMTECH will collaborate with Swiss Re in academic projects, seminars, workshops, webinars, live projects, etc., to promote incredible professionalism in insurance education in India. Swiss Re will get representation in the Academic Council of BIMTECH’s Programme for Insurance Business Management, which will decide on the curriculum, campus connects, industry projects etc.

Tie up with The Institute of Risk Management (IRM), (UK) India Affiliate

On February 24th, 2021, the Birla Institute of Management Technology(BIMTECH) and The Institute of Risk Management (IRM), the UK, India chapter, signed an MOU to offer IRM qualifications for BIMTECH students and alums. The Institute of Risk Management (IRM) (Head Quartered in the UK) is the world’s leading professional body for Enterprise Risk Management qualifications, training, and research. IRM provides qualifications for Enterprise Risk Management, which is a much broader concept than financial or insurance risk.

BIMTECH has been granted exemption from IRM’s Level 1 examination in India, where all BIMTECH students and alums graduating BIMTECH course “Risk Management” under course code “INS-201” will get direct access to IRM’s Level 2 qualification that will entitle them to an “IRM Cert” designation.

Educational Objectives

  • PEO 1To equip students with necessary knowledge & skills in Insurance & Risk management domain required to manage future businesses.
  • PEO 2 Students should be able to develop understanding of global business Dynamics and technology adoption.
  • PEO 3 To understand sustainable business practices with ethical values for conducting all professional activities.
  • PEO 4 Students should be able to develop entrepreneurial and Innovative mind set.
  • PEO 5 To Equip students with effective communication skills enabling them to create professional quality business documents.

  • PO 1Apply knowledge of management theories and practices to solve business problems.
  • PO 2 Foster Analytical and critical thinking abilities for data-based decision making.
  • PO 3 Ability to develop Value based Leadership ability.
  • PO 4 Ability to understand, analyse and communicate global, economic, legal, and ethical aspects of business.
  • PO 5 Ability to lead themselves and others in the achievement of organizational goals, contributing effectively to a team environment.

  • PSO 1Understand the emerging insurance business dynamics.
  • PSO 2 Demonstrate Entrepreneurial mind-set.
  • PSO 3Develop Professional Quality Documents

Salient Features

  • The insurance management course has been accredited by the National Board of Accreditation (NBA) and has an MBA equivalence from the Association of Indian Universities (AIU).
  • Strategic tie-up with Swiss Re global services delivery, Bangalore.
  • Accreditation of the course from the chartered insurance institute (CII)-UK. There is a dual degree program provision for granting a diploma in insurance from CII-UK. We are also accredited by the Insurance Institute of India (III), Mumbai.
  • Life office management association (LOMA), USA, is Bimtech's educational partner, and BIMTECH is an approved centre for the LOMA examination.
  • A bouquet of 36 subjects, regular industry interface, industrial visits, guest lectures, short-term projects and live projects.
  • Institutional member of the Federation of Afro-Asian Insurers and Reinsurers (FAIR), certification course from IIBA-CANADA, corporate member-risk management association of India-RMAI.

Envisages

  • To offer professional programmes on insurance and risk management practices based on sound knowledge and skills with an accepted code of professional ethics.
  • To work in close liaison with all the stakeholders, such as insurance companies, broking houses, risk management firms, banks, it companies, educational/professional institutes in india and abroad and the regulatory authorities for the benefit of the professionals in the areas of insurance and risk management.
  • To conduct and sponsor seminars, conferences, executive/management development programmes, research studies and consultancy to create and disseminate knowledge and update the practices prevailing in the global insurance market..
admission
Birla Institute of Management Technology (BIMTECH)