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Insurance Institute of India

Insurance Institute of India

Mohammad Hamid Ansari at the valedictory function of the diamond jubilee celebrations of the Insurance Institute of India, Mumbai. Present: C. Vidyasagar Rao, governor of Maharashtra, and Devendra Fadnavis, chief minister of Maharashtra, among others.
Agency overview
TypeNational apex body
HeadquartersMumbai, Maharashtra
Websitewww.insuranceinstituteofindia.com

The Insurance Institute of India (III) is the sole national apex body for insurance underwriters in India, established in 1955 in Mumbai. The institute, formerly known as Federation of Insurance Institutes (J.C. Setalvad Memorial) (Regd.), was created for the purpose of promoting insurance education and training in India.[1] The institute conducts examinations at various levels. It is the professional institute in India devoted solely to insurance education.

Certificates and diplomas are awarded by the institute to successful candidates. These are recognised by the government of India, the Insurance Regulatory and Development Authority and insurers[2] in India and abroad.[3] These qualifications are recognised by similar institutes in the UK, Canada and the United States, for the grant of exemption from some of their papers.[4]

III is a chartered member of the Institute of Global Insurance Education.[5] The presence of 91 associated iInstitutes spread all over the country and the affiliation of the Sri Lanka Insurance Institute, the Sri Lanka Insurance Academy and The R.I.C.B. Insurance Institute, Bhutan, testify to the prestige and professional repute of the institute.[1]

The institute supports research projects involving insurance and risk management sponsored by public and private organisations.[6]

References

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  1. ^ a b "Vice President Addreses at Diamond Jubilee Celebrations of the Insurance Institute of India, Mumbai" (Press release). Press Information Bureau, Government of India. 26 August 2018. Retrieved 14 October 2016.
  2. ^ "Insurance Institute of India (III)". General Insurance Council. Retrieved 14 October 2023.
  3. ^ "India (III)". Chartered Insurance Institute. Archived from the original on 14 October 2023. Retrieved 12 October 2023.
  4. ^ "Cross Recognition of Insurance Qualifications" (PDF). Insurance Institute of India. Retrieved 12 October 2023.
  5. ^ "Current Members". The Institute for Global Insurance Education. Retrieved 14 October 2023.
  6. ^ "Insurance Requirements of Indian Logistics and Warehousing Industry and their Customers 2017-2018" (PDF). Transport Corporation of India Ltd. and III. Retrieved 14 October 2023.
    - "Disaster Risk Financing, Insurance, and Risk Transfer Working Group Report" (PDF). National Institute of Disaster Management and III. Retrieved 14 October 2023.
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