Top b Schools in Hyderabad - Institute of Insurance and Risk Management - IIRM

Post Graduate Certificate in Management - Business Analytics

Program

PGCM in Business Analytics is a one-year program, that offers a unique combination of domain knowledge and analytics with practical inputs. Data analytics helps users drive revenue for companies in various industries like retail banking, insurance etc. Approximately one-fifth of the IT companies worldwide plan to hire Business Analysts within the next 12 months.

Course Contents

The subjects are continuously reviewed to suit new development and Placement opportunities. The course curriculum will broadly cover the following subjects:

  • Statistics for Analytics
  • Economics for Analytics
  • Principles and Practices of Insurance & Banking
  • Financial Management
  • Introduction to Marketing & Market Research
  • Computer Systems and Architecture
  • Design of Algorithms
  • Database Management Systems
  • Data Warehousing and Data Mining
  • Time Series Analysis
  • Understanding Business Analytics
  • Life Cycle of Business Analytics
  • Metrics in Business Analytics
  • Basics of Machine Learning
  • Introduction to Big Data and Hadoop
  • Analytical Tools: R, Advanced Excel, SPSS, Tableau, SAS, SQL, Python and Spark

Post Graduate Certificate in Management – Analytics and Actuarial Science

PGCM A&AS is a One Year Program in Analytics & Actuarial Science. The course offers a unique combination of domain knowledge in Analytics & Actuarial Science with practical inputs in Data Analytics.

The program trains the students to excel in wrangling with data, particularly large amounts of data, to help organizations gain competitive advantage. It offers a combination of sophisticated quantitative and computing skills together with grounding in management principles. The job requirements of entry executives in the Actuarial & Analytics departments have been ascertained and the subjects of the Course have been planned. This program offers opportunities in the financial services as well as in IT services. While doing their jobs, persons can advance their careers by writing various subjects of the Chartered Institutions. The course is aimed at ensuring growth of Analytics & Actuarial Science in India and is equivalent to Post Graduate Certificate in Management.

Course Content

The subjects are continuously reviewed to suit new developments and placement opportunities.

The course curriculum will broadly cover the following subjects:

General
  1. Introduction to Economics.
  2. Principles and Practices of Insurance & Banking.
  3. Fundamentals of Finance, Accounting & Investments.
  4. ICT for Business Applications.
Business Analytics
  1. Understanding Business Analytics
  2. Data Mining, Analysis and Reporting
  3. Introduction to Big Data
  4. Introduction to Data Science
  5. Analytics Tools: R, Advanced Excel, SAS & Tableau.
Actuarial Science
  1. Financial Mathematics.
  2. Probability and Statistics.
  3. Stochastic Models.
  4. Contingencies.
  5. Statistical Methods.

Post Graduate Certificate in Management – Actuarial Science

Importance of Actuarial Science

Actuarial Science is the discipline that applies mathematical and statistical methods to assess risk in financial industries. Actuaries are trained professionals who analyse the financial consequences of risk. They use mathematics, statistics and financial theory to provide advice and solutions for business and societal issues.

Actuaries are excellent risk managers. They work in specialized areas of Banking, Retirement Benefits, Healthcare, Investments and Insurance, or for any large organization where risk management plays an important role, or for a consultancy advising on different projects. The actuarial profession has consistently been rated one of the top jobs in the world. It is a prestigious profession with a wide range of opportunities.

Program

PGCM in AS is a One Year Program in Actuarial Science with two semesters. The curriculum for PGCMAS has been designed by IIRM with great care and vision to pass professional examinations conducted by various Actuarial Societies. The course is aimed at ensuring growth of Actuarial Science in India and is equivalent to Post Graduate Certificate in Management.

Course Structure
  • Provides detailed and specialized knowledge and a critical understanding of best practices with in the industry.
  • Will enable you to apply newly gained knowledge and skills at your work place.
  • Develops independent learning abilities and transferable skills.
  • Extends and develop career path and pursues professional development.
  • PGCMAS Course has been granted VEE Credits for 3 subjects from SOA (Society of Actuaries), USA.
Course Contents
  • These subjects are continuously reviewed to suit new developments and Placement opportunities.
  • The New course curriculum will broadly cover the following subjects:
    • Introduction of Economics.
    • Principles and Practice of Insurance & Banking.
    • Fundamentals of Finance, Accounting & Investments.
    • IT for Business Applications (SAS, R Programing and Advanced Excel).
    • Actuarial Statistics [CS1]
    • Risk modelling & Survival Analysis [CS2]
    • Actuarial Mathematics [CM1]
    • Loss Reserving & Financial Engineering [CM2]
    • Business Finance [CB1]
    • Business Economics [CB2]

Post Graduate Certificate in Management

  • Investment Planning & Life Insurance
  • General Insurance
  • Risk Management

PGCM is a One Year PG Program in Investment Planning & Life Insurance, General Insurance & Risk Management in addition to other courses offered by the Institute. On successful completion, candidates get opportunities to be absorbed in Insurance Companies, Banks, IT and other Companies.

The courses are accredited by the Chartered Insurance Institute, London (CII) and also recognized by Insurance Institute of India, Mumbai (III), Institute of Risk Management, London (IRM).

Course Content

The subjects are continuously reviewed to suit new developments and Industry needs. Latest case studies will be used as part of Teaching Methods.

Investment Planning & Life Insurance
  • Insurance and Investment plans.
  • Life Insurance – underwriting and claims management.
  • Practical aspects of Life Insurance business.
  • Premium calculation and risk assessment.
  • Sales and marketing of Insurance products and services.
  • Retirement planning and benefits.
  • Actuarial aspects of Life Insurance.
  • Role of Agents, Brokers (including banc assurance) in Insurance
  • Legal environment (Statutory & applicable Business Acts).
Risk Management
  • Risk Identification process.
  • Risk Control mechanisms.
  • Risk Financing.
  • Quantitative Risk Management (QRM).
  • Alternative Risk Transfer – Captives, Self – Insurance and Catastrophic bonds (CAT).
  • Catastrophic Modelling.
  • Enterprise Risk Management
  • Risks in financial Institutions.
  • Mergers and Acquisitions.
  • Operational Risk Management.
  • Credit Risk Management.
  • Market risk – Bonds, Equities, Commodities and Forex.
  • Options and Futures.
  • Cyber and Technical Risk Management.
  • Regulatory Risk.
General Insurance
  • Motor Insurance – Underwriting & Claims.
  • Health Insurance - Underwriting & Claims.
  • Agriculture Insurance – Yield based as well as Parametric covers – Underwriting & Claims.
  • Property Insurance 7 Loss of Profits Insurance – Under – writing & Claims.
  • Engineering Insurance including Advanced Loss of Profits Insurance – Underwriting & Claims.
  • General Liability, management Liability, Professional Liability Insurance - Underwriting & Claims.
  • Marine – Cargo & Hull Insurance - Underwriting & Claims.
  • Insurance Loss assessment and Loss Surveys.
  • Operational Risk Management – Property, Project and Liability.
  • Actuarial aspects of General Insurance.
  • Role of Brokers and Agents (including banc assurance) in Insurance.
  • Legal Environment (Insurance law, Contract Act, Companies Act).
  • Consumer protection Act, Arbitration Act, Public Liability Insurance Act.
  • Motor Vehicles act, Insurance Ombudsman etc.