PUNE: Swiss Re's Global Business Solutions unit in India has
signed a Memorandum of Understanding (MoU) with National Insurance Academy
(NIA), Pune, India's premier institute of insurance education, to collaborate
as a technical partner to the latter's academic activities and programmes.
The initiative aims to develop re/insurance skills, insights
and expertise among students and professionals aspiring to pursue careers in
insurance in India.
Through this partnership, Swiss Re will use its global and
local market expertise to support the development of the course curriculum for
NIA's flagship Post Graduate Diploma in Management (PGDM) insurance programme.
Swiss Re will also provide access to bespoke workshops and create specialist
modules and seminars on risk management, insurance, reinsurance and data
analytics. There will be a regular programme of guest lectures by Swiss Re
experts that will span different insurance business lines including health,
motor, life, property, and casualty.
In addition, Swiss Re will work with NIA to explore the
prospect of establishing a specialist course in actuarial science. This is in
response to the rapidly growing demand for actuaries in India and is a conscious
effort to help close the gap between rising demand for qualified actuaries and
their limited availability at present.
Swiss Re and NIA will also exchange insights and expertise to
increase awareness about the diverse and rewarding range of career opportunities
in the re/insurance industry. This can help address the huge demand for jobs
that will exist in the industry in the coming years.
Under the agreement, Swiss Re will also help create
opportunities for NIA students to gain first-hand experience of the
re/insurance industry through summer and final placements, research projects,
and access to webinars and trainings hosted by Swiss Re specialists from India
and abroad.
Commenting on the MoU, Amit Kalra, Head of Global Services,
Bangalore, Swiss Re Global Business Solutions India Private Limited, says:
"Swiss Re's partnership with NIA is an important step in our ongoing
efforts to increase the availability of suitable talent for India's insurance
industry. We look forward to working with NIA, bringing Swiss Re's global
expertise and understanding of the Indian market to train young people for
fruitful careers in risk management."
Sushobhan Sarker, Director, NIA, adds: "National
Insurance Academy in its pursuit of excellence has always partnered with leading
industry players. We are delighted to further strengthen our collaborative
efforts by associating with Swiss Re, a global institution of repute. This
partnership promises to give NIA's students access to knowledge and insights
from a leading global insurance/reinsurance organisation, with significant
opportunity to develop specialist skills, ultimately enhancing their
preparation for an enriching and rewarding career in the re/insurance sector.
The partnership also facilitates further blossoming of other academic
activities of National Insurance Academy."
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