National Insurance Academy (NIA) is a leading institute dedicated to provide the best personnel towards the insurance industry. On correlation with the Insurance industry, the institute presents real time experience to its candidates through training, research and consultancy activities.
On 16th December 1980, the NIA was set up in Mumbai, by the joint efforts of the Ministry of Finance – Government of India, and the major insurance corporations of the country, to serve as the image of brilliance in education and research on Insurance, Pension and allied areas. It was then transferred to Pune in 1990 with well-equipped amenities for research and education.
Primarily, the institute focused on Management Development Programmes and subsequently the two-year Post Graduate Diploma in Management course, which specializes in management and insurance, was instigated to keep up with the increased demand for skilled personnel in the field of Insurance and Risk Management. The academy stretches out over an area of 32 acres consisting of administrative, academic, hostel and housing facilities surrounded by lush greenery
The National Insurance Academy (NIA) with its lively ambience and vivacious culture serves as the best place to inspire and encourage budding minds and provide a better outlook towards the corporate world. NIA aims to provide the world with better leaders in the field of Risk Management by providing first-class education. This is made possible by the renowned staff, who work on imparting the students with practical training and education.
NIA provides dual expertise to the PGDM students especially in insurance and in management. NIA is known for its multi-disciplinary faculty, including influential professionals in the industry. This abode of knowledge and expertise influences students to keep up with the ever-changing corporate world. The range of teaching methods at NIA comprises of optimization of and decision-making techniques, problem solving and diagnostic testing
Management Development Programs (MDPs) conducted provides the candidates with an opportunity to interact with professionals of different rankings, from various organizations. Moreover, various events are held through the year where dignitaries from the field of insurance, finance, and IT at national and international levels will partake and provide the students with inspiration and insight.
Research and Consultancy:
NIA encourages activities on research and consultancy services, either on institutional or individual basis. Areas of study include accounting, life insurance, information system, marketing, general insurance, healthcare management, reinsurance, regulatory provisions, human resource and organizational behavior, financial controls, risk management, business economics, banking, investment, turnaround management, operation and technology management, strategy and organization.
NIA employs a different technique which allows practice through research as well as consultation. Various workshops and other similar program help them to provide a chance to stay on top with ideas and concept
With expected development of the insurance division, NIA has brought about resources to undertake global research and consultancy services focusing on data mining, software development strategy, pricing, product development, systems, structure, and market research.
Placement continues to 100% year after year. Some of the companies that visit NIA to recruit their students are the likes of D.E. Shaw & Co., SAP Labs, HDFC Life, HDFC Ergo, SBI Life, SBI General, IFFCO Tokio General Insurance, MetLife, TATA-AIG, LIC etc.