AMITY SCHOOL OF INSURANCE, BANKING & ACTUARIAL SCIENCE
ABOUT US

Introduction of Institution :

• After opening up of the Sector in the year 2000, when there were only 5 Public Sector Insurance Companies. Today, we have 44 Insurance Companies.

• Every bank is opening its own insurance company to tap the growing potential in insurance sector.

• Insurance Companies provide highest career growth in shortest possible time due to resource crunch inherited by Private Sector Companies.

• A huge population continues to remain deprived of Life Insurance. General Insurance products have not gained adequate acceptance amongst the people at large.

• Health Insurance is growing at the rate of 30% per annum.

• Students opting for IT Companies have chance of assignments on projects abroad as per experience.

• Actuarial Science is a rapidly growing career having gained acceptability in Life, Non-life, Re-insurance and investment disciplines.

• Outsourcing of back end operations by the foreign companies provides huge opportunities of career development.

• All the above factors make insurance related programs a choice cause.

Students completing our MBA (Insurance) and MBA (Insurance & Banking) will automatically qualify for Insurance Institute of India Associateship level provided they pass one of the modules specified for the fellowship.

The Chartered Insurance Institute, London (U.K) has already provided exemption in certain papers.

Our students of MBA (Insurance) and MBA (Insurance & Banking)will become entitled to the following credits if they pursue Advanced Diploma in Insurance from Chartered Insurance Institute, U.K. after they have qualified respective subjects (part of our course curriculum) from Amity University.


Sr. No.

Subject

Credits

01.

Operational Management

25

02.

Finance & Accounting

30

03.

Engineering & Project Insurance

30

04.

Actuarial Science

30

05.

Marketing

30

06.

Motor Insurance

30

 Institute is in touch with CII for considering more subjects for granting credits.

 

Message from Director :

The economy is in robust health with growth expected to be around 9%. In such a state of economy, the service industry, especially those relating to financial services, is always way ahead. During the past we have seen cycles of boom. For example, Banking, Mutual Funds, IT and Insurance opening up in the year 2000. If you look around, you will find the awareness about insurance, including Nonlife and Health, is extremely limited. People do have money but have not understood that insurance is the best way to protect oneself against any disaster and a very safe and useful mode of wealth creation.

Insurance industry is growing at a rapid pace and there is no reason to entertain negative foreboding. The penetration at 22% of the insurable population and the opportunity of asset protection given by nonlife insurance including health will see rapid increase. Fortunately, we in Amity School of Insurance and Actuarial Science have always taken care to provide the best opportunities to the students. We were the first to initiate MBA in Insurance followed by M.Sc programme in Actuarial Science. In order to bring wider opportunities, we also introduced a course MBA (Insurance & Banking) to expose the limitless potential to our students. We are now poised to introduce dual degree B.Sc+M.Sc and BBA (Insurance & Banking) from the academic year 2011. The IT industry which itself is in the spell of continuous rapid growth along with insurance industry has resulted in large number of students getting placements on projects and assignments abroad.

The accreditation by the Insurance Institute of India upto Associate ship level on passing our MBA programme on qualifying any one paper of Fellowship is an additional icing not available in other programmes.

Our placement has always been the best and competitive. A visit to the Website or personal interaction with the students of the ongoing batch will be extremely rewarding.

We invite you to explore the world of opportunity for bright and lucrative careers through our programmes in Insurance, Actuarial Science, Banking and Healthcare, all combined in one or the other.

Prof. R.R. Grover
Director – ASIAS
E-mail: rrgrover@asias.amity.edu
Ph: 0120-4392301, 9810644551 (M)