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 for promotion of International Post Graduate Diploma Courses in Insurance / Risk Management(Regular and Distance learning) . International School of Actuarial Sciences (ISAS) opened on 6th August 2007 leading to a  Post Graduate Diploma in Actuarial Sciences.

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