The Institute of Insurance and Risk Management (IIRM) is an international education and research organization. The Institute was set up jointly by the Insurance Regulatory and Development Authority (IRDA) of India and the State Government of Andhra Pradesh, in 2002. International Post Graduate Diploma Courses in Insurance and Risk Management are run from the campus at Jubilee Hills. International School of Actuarial Sciences (ISAS) opened on 6th August 2007 leading to a 2 year Post Graduate Diploma in Actuarial Sciences is run from a separate campus in Banjara Hills with 12 students in the first batch.

IIRM aims to serve the learning and developmental needs of emerging markets in the context of their contemporary challenges in Insurance sector.