A
Unique Program
The
C-RIM Program offered by the Institute of Chartered Financial Analysts of India
University, Tripura is a unique program covering the areas of risk and
insurance, laws and regulations, underwriting, claims management, reinsurance,
actuarial principles and practice and insurance strategy.
The
C-RIM Program has been developed in the context of the present and future needs.
The
core body of knowledge of the C-RIM Program includes current and evolving
concepts, techniques and applications, and also providing the flavor of the
frontiers of knowledge.
'C-RIM'
and 'Certified Risk and Insurance Manager' are registered trademarks.
Objectives
The
C-RIM Program is a postgraduate program with the following broad objectives :
-
To
encourage aspiring students equip themselves with the latest tools and
techniques in insurance.
-
To
develop contemporary body of knowledge and skill-set and make them
available for those seeking careers in insurance.
-
To
provide interdisciplinary insights into risk management, laws and
regulations, management and technology for developing holistic
perspectives.
-
To
deepen insights into practical applications of insurance in a dynamic
business environment.
The
Approach
The
C-RIM Program follows the following distinctive but inter-related approaches:
-
Basic
Knowledge aimed at improving students' understanding of certain
fundamental phenomena and relationships underlying the changing world of
insurance.
-
Tools
and Techniques are required to equip students improve their
analytical ability and power of integration and synthesis.
-
Application
Areas linking the theoretical studies to the practical problems
faced by insurance professionals.
-
Professional
Ethics aimed at inculcating in the students an ethical approach in
their insurance career and a sense of personal, corporate, and social
responsibilities.
Focus
Areas
The
Program has four focus areas:
-
Laws
and Regulations: The knowledge of insurance laws and IRDA
guidelines is vital for the insurance professional. The program provides a
detailed understanding of the insurance laws and also the Indian and
global regulatory environment.
-
Underwriting:
Sound underwriting principles are the lifeblood for the insurance
business. Knowledgeable underwriting is the key to a profitable future for
an insurance company. The program provides a thorough understanding of the
two facets of underwriting i.e. selection and clarification.
-
Claims
Management: Managing Claims is the integral part of Indian
insurance business. The privatization of the insurance sector has raised
the expectations from the insurance industry. The program imparts the
necessary knowledge and skills required in performing the claims
management function effectively in this changed environment.
-
Strategy
and Governance in Insurance Companies: Innovative strategies have
transformed the insurance industry with introduction of best practices in
product development, operational efficiency, marketing capability, service
focus and tech-savvy orientation. To ensure public confidence in the
insurance industry, a transparent system of financial reporting based on
sound actuarial principles and accounting standards is very important. The
program assists in taking up strategic and leadership roles in the
insurance sector.
For
Whom
Graduates
and Postgraduates. CFAs, CAs, CWAs and CSs are also encouraged to apply.
Eligibility
Graduates
(from any discipline) are eligible to enroll into the C-RIM Program.
All
applicants are enrolled under the flexible mode.
Duration
The
C-RIM Program may be completed in a period of 24 months.
Medium
of Instruction: English
Students
who have pursued their degree program in
can cope with the C-RIM Program.
No
Waivers
All
students are required to appear for all examinations. There are no waivers.
Period
of Validity of Enrollment
Students
are required to complete the C-RIM Program (all the six groups) within a maximum
period of seven years from the date of enrollment. Students who are unable to
complete the program within the time-frame stipulated above, but are still keen
on continuing in the program, are required to register de novo, by paying the
requisite fee.
Study
and Examinations
The
C-RIM Program is based on self-study and examinations.
Self-Study
: The University provides a detailed study plan and prescribed books
specially designed and meant for
self-study.
Examinations:
The examinations serve to finally assess and certify the students'
understanding of the subjects.
