Insurance Institute of India team in Sri Lanka

A team from Insurance Institute of India, Mumbai, under the leader ship of Sri. P Venugopal, Secretary General Insurance Institute of India, Mumbai is visiting Sri Lanka from 5 to 7 August. 

The purpose of the visit is interact with the various people in the industry for creating awareness about insurance, insurance education and other matters. 

During their visit, they will be meeting the Chairperson of Insurance Board of Sri Lanka and interacting with the members of Insurance Association of Sri Lanka. Further they will be meeting the CEOs and other leaders of various insurance companies, both life and general, and discuss various matters like, providing training to field and administrative staff, organizing insurance awareness programs, etc.

The Insurance Institute of India is conducting various examinations like Licentiate, Associate, Fellowship, etc. The Institute is the examining body for conducting pre-recruitment test for Insurance Agents/surveyors on behalf of Insurance Regulatory and Development Authority. In addition to this, they are offering some diploma courses also.

The Licentiate/Associate/Fellowship examinations conducted by Insurance Institute of India is being conducted in Sri Lanka also, through Sri Lanka Insurance Institute, every year in May and November thousands of people appear for these examinations. All these examinations are based on insurance subjects and the large scale participation in these examination will increase the insurance knowledge of the students. In this way, the industry will also be benefited, as they will get skilled people for various positions.

Insurance Institute of India in a premier institute in India, with its head office at Mumbai established with the objective to run College and conduct examinations, oral and written, in insurance theory and practice and related subjects for awarding certificates, diplomas and degrees to those interested in insurance. It gives oral and postal tuitions, prepare and supply reading materials and similar other educative methods for encouraging and assisting the study of any subject bearing on any branch of insurance.

It also offers scholarships, grants and prizes for research or any other educational work bearing on insurance. To ascertain the law and practice relating to all matters connected with insurance and to disseminate such knowledge among those interested in insurance.

The Institute is a member of the Institute for Global Insurance Education (IGIE) co-founded by American Institute of Chartered Property and Casualty Underwriters (U.S.A.), Chartered Insurance Institute (U.K.) and the Insurance Institute of Canada. The Institute is also a member of International Insurance Society (IIS), LOMA, LIMRA. The Institute is a supporting institution of United Nations Environment Program – Finance Initiative (UNEP-FI) and has an observer status of International Association of Insurance Supervisors.

The activities and programs of the Institute, among others, assist people in the insurance industry, to acquire the skills and expertise to meet the growing needs of multiplicity of customers, the objective being to enhance professional insurance service to millions. To become a hub of insurance, health, actuarial and risk management education in Afro-Asian countries and raise the bar of efficiency and knowledge across the insurance industry and across the country.