Global reinsurer Swiss Re has signed a memorandum of understanding (MoU) with the Institute of Insurance and Risk Management (IIRM), an organisation dedicated to providing executive education across the financial services sector.
The partnership is aimed at supporting and strengthening re/insurance academia in India.
Specifically, 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.
Together, Swiss Re and IIRM will undertake industry research to improve overall knowledge on the insurance ecosystem.
The organisations also plan to explore the possibility of Swiss Re becoming a representative member on IIRM’s advisory panel and Academic Governing Council.
“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,” said Amit Kalra, Swiss Re’s Head GBS Centres India.
“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.”
Shri Suresh Mathur, Managing Director of IIRM, also commented: “We are happy to partner with Swiss Re in supporting the insurance and allied industries with work-ready professionals. 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.”
Following the implementation of the collaborative program, Swiss Re and IIRM aim to offer joint certification on technical topics such as global reinsurance and insurance trends, among other courses.