Institute of Insurance and Risk Management

Insurance Education and Trainingtheiirm.ac.in

The Institute of Insurance and Risk Management (IIRM) is a Hyderabad-based, IRDAI- and Government of Telangana-promoted private B-school delivering AICTE-approved PGDM, PGDAS (with IAI paper exemptions), and distance-learning programs in insurance, actuarial science, and risk management, alongside bespoke corporate training for BFSI clients and regulators.

Company typePrivate
Founded-
HeadquartersHyderabad, India
Headcount51–100
GTM typeB2B and B2C
OfferingServices

What Institute of Insurance and Risk Management does

The Institute of Insurance and Risk Management (IIRM) is a private, sector-specialised educational institution headquartered in the Financial District of Gachibowli, Hyderabad, Telangana. It is promoted by the Insurance Regulatory and Development Authority of India (IRDAI) and the Government of Telangana, with the explicit mandate of developing an employable workforce for India's insurance, reinsurance, actuarial science, and risk management sectors. IIRM runs an AICTE-approved two-year Post Graduate Diploma in Management (PGDM), a two-year Post Graduate Diploma in Actuarial Science (PGDAS) carrying up to seven paper exemptions from the Institute of Actuaries of India, and an International Post Graduate Diploma (IPGD) delivered via distance learning across Life Insurance, General Insurance, and Risk Management streams. Its fourth revenue line is bespoke corporate training for BFSI clients including IRDAI, public-sector banks, reinsurance firms, and insurance companies.

The institute's business model combines tuition-driven academic programs with fee-based corporate training mandates. Students are recruited through a direct online admissions portal (admissions.theiirm.ac.in) and full-time on-campus delivery, while corporate training is sold directly to organisations through institutional relationships, frequently with repeat engagements (e.g., Bank of India, Union Bank of India, Central Bank of India for bancassurance; J.B. Boda Group for reinsurance; CAFRAL for board-level governance). Distribution is institution-led rather than through third-party channels: a single Hyderabad campus for residential programs, the distance education portal for working professionals, and a faculty/industry-expert network for executive training. Revenue, headcount, and pricing are not publicly disclosed; the institute is unlisted and operates without external venture or private equity capital.

Strategically, IIRM positions itself as India's only regulator-promoted insurance-domain B-school, leveraging its IRDAI/Government of Telangana patronage and partnerships with Swiss Re, IAI, IRM London, Access Health International, MicroInsurance Innovation Hub, and GloQal to build curriculum and placement credibility. The institute is consistently ranked across Indian B-school surveys (Outlook 16th Top Public B-School, India Today 5th Government B-School South India / 28th nationally, Business World 28th Top Government B-School) and currently runs with a small, faculty-dense team of approximately 60 employees.

Institute of Insurance and Risk Management firmographics

Firmographics

Name: Institute of Insurance and Risk Management
Legal name: Institute of Insurance and Risk Management
Website: https://theiirm.ac.in
Company type: Private
Operating status: Operating
Headcount range: 51–100 employees
Short description: The Institute of Insurance and Risk Management (IIRM) is a Hyderabad-based, IRDAI- and Government of Telangana-promoted private B-school delivering AICTE-approved PGDM, PGDAS (with IAI paper exemptions), and distance-learning programs in insurance, actuarial science, and risk management, alongside bespoke corporate training for BFSI clients and regulators.
Ownership category
akta.pro rank

Where Institute of Insurance and Risk Management is headquartered

Location

Headquarters

HQ city: Hyderabad
HQ country: India
HQ region: Asia

Offices1 record

Markets served

Institute of Insurance and Risk Management business model

Business model

GTM type: B2B and B2C
Offering type: Services
Cost components: Personnel, Operations, Marketing or Sales, Infrastructure, Technology or R&D

Revenue model

Post Graduate Diploma in Management (PGDM): Two-year AICTE-approved PGDM program generating tuition fee revenue from enrolled students.
Post Graduate Diploma in Actuarial Science (PGDAS): Two-year full-time program in Actuarial Science, with exemptions available for up to 7 papers from the Institute of Actuaries of India (IAI), generating tuition revenue.
Corporate Training Programs: Short-duration executive training programs delivered to insurance companies, banks, IRDAI, and other BFSI organizations, generating fee-based revenue per program.
Distance Education Programs: International Post Graduate Diploma (IPGD) and Diploma programs offered via distance learning mode, covering Life Insurance, General Insurance, and Risk Management, generating tuition revenue.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels7 records

Institute of Insurance and Risk Management product offering

Product offering

Core offering

The Institute of Insurance and Risk Management (IIRM) is an educational institution that delivers specialized insurance and risk management education, including a Post Graduate Diploma in Management (PGDM) with an insurance specialization, a Post Graduate Diploma in Actuarial Science (PGDAS), and an International Post Graduate Diploma (IPGD) in distance education mode. It also offers customized corporate training programs for the banking, financial services, and insurance (BFSI) sector.

Product overview

IIRM offers a portfolio of academic and professional development programs focused on Financial Services, Insurance, and Actuarial Science. The core offerings include the 2-year Post Graduate Diploma in Management (PGDM) and Post Graduate Diploma in Actuarial Science (PGDAS), both approved by AICTE. The institute also provides distance education through its International Post Graduate Diploma (IPGD) program with specializations in Life Insurance, General Insurance, and Risk Management. Additionally, IIRM delivers corporate training programs for insurance industry professionals, addressing topics such as reinsurance, enterprise risk management, and compliance. The institution is promoted by IRDAI and the Government of Telangana with the aim of developing an employable workforce for the insurance sector.

Differentiator

Problem solved

Functional benefit

Products and services

Post Graduate Diploma in Management (PGDM) - Insurance A two-year, AICTE-approved residential Post Graduate Diploma in Management that specializes in insurance, risk management, and allied BFSI domains, designed for graduates seeking careers in the insurance industry.
Post Graduate Diploma in Actuarial Science (PGDAS) A specialized post-graduate diploma covering actuarial science principles and supporting progression toward actuarial professional credentials for students targeting actuarial roles in insurance and financial services.
International Post Graduate Diploma (IPGD) - Distance Education A distance-education post-graduate diploma in insurance and risk management aimed at working professionals and international learners who require flexible learning options.
Corporate Training Programs Customized training programs delivered to organizations in the banking, financial services, and insurance sectors covering insurance, risk management, and related technical and managerial topics.

Quantifiable outcome

Up to 7 Actuarial Science Paper exemptions from Institute of Actuaries of India (IAI) upon PGDAS completion
+2 more outcomes

Companies that use Institute of Insurance and Risk Management

Customer profile

Named customers18 records

Segments4 records

Ideal customer profiles2 records

Institute of Insurance and Risk Management technology and API

Technology

Technology focussed No

API detail

Has API: No
API docs
API detail

Core technology

AI maturity

App detail

Institute of Insurance and Risk Management partnerships and signals

Strategic signal

Partnerships

Eight partnerships are on record, tiered core and minor.

J.B. Boda GroupcoreStrategic or Co-development Partner · 1 January 2026IIRM collaborates with J.B. Boda Group for Technical Aspects of Reinsurance training programs. The 6-day program (July 2026) is held offline in Mumbai. An earlier international reinsurance program (2023) drew 31 international and 13 national participants, demonstrating the scale of this collaboration.
MicroInsurance Innovation Hub (MIIH)coreStrategic or Co-development Partner · 1 January 2024IIRM formalized a strategic partnership with MicroInsurance Innovation Hub (MIIH) through a Terms of Engagement (ToE). This collaboration represents a significant milestone in advancing microinsurance penetration and increasing awareness within the insurance sector.
Swiss Re GBS IndiacoreStrategic or Co-development Partner · 27 June 2022Swiss Re GBS India signed an MoU with IIRM to enhance capability building programs in India's insurance industry. The partnership focuses on training and development initiatives to strengthen the insurance sector talent pool.
GloQalminorStrategic or Co-development Partner · 1 January 2022IIRM joined hands with GloQal as part of the Elite Consortium for Policy Oriented Re-Engineering & Risk Management initiatives in Agriculture, Healthcare, and Other Sectors. The collaboration aims to advance risk management research and practice.
Access Health InternationalcoreStrategic or Co-development Partner · 1 January 2021IIRM signed an MoU with Access Health International for capacity building and research in the area of Health Management and Insurance. The partnership supports IIRM's mission to advance microinsurance and health insurance education.
Institute of Actuaries of India (IAI)coreOthersIIRM offers up to 7 paper exemptions from the Institute of Actuaries of India (IAI), Mumbai upon completion of the Post Graduate Diploma in Actuarial Science (PGDAS) program. This enables students to fast-track their actuarial qualification pathway.
Institute of Risk Management (IRM), LondonminorOthersIIRM participated in and secured Runner-up position at The Game of Enterprise Risk (GOER) 2026, organized by the London-based Institute of Risk Management (IRM) and hosted by Mahindra University, Hyderabad.
CAFRALminorStrategic or Co-development PartnerIIRM collaborated with CAFRAL (Centre for Advanced Financial Research and Learning) for a Training Programme for Independent Directors on the Boards of Insurance Companies (May 2025).

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Institute of Insurance and Risk Management competitors and assessment

Company assessment

Direct peers

Amity School of Insurance and Actuarial Science: Private university offering specialized BBA/MBA and actuarial science programs in India, with industry partnerships similar to IIRM. Competes for the same insurance and actuarial student segment nationally.
National Insurance Academy (NIA): Pune-based institute jointly promoted by the insurance industry for education, training, and research in insurance, risk management, and pensions. Operates PGDM, fellowship, and executive programs directly comparable to IIRM's insurance and risk management portfolio.
Insurance Institute of India (III): Mumbai-based professional body offering examinations, diplomas, and training in life, general, and health insurance. Shares IIRM's mandate of building insurance talent, with overlapping actuarial and underwriting curriculum.

Broad incumbents

XLRI - Xavier School of Management: Premier Indian B-school offering an MBA (BM) program with strong BFSI placement outcomes. Competes with IIRM for high-caliber applicants interested in insurance, risk, and finance careers.
Symbiosis Institute of Business Management (SIBM): One of India's top-ranked private B-schools with an MBA program that includes BFSI specializations. Competes with IIRM for the same insurance/risk management aspirants while offering a broader management brand.

Others

Institute of Risk Management (IRM), London: UK-based global risk management body that organized the GOER 2026 competition in which IIRM placed runner-up. Comparable as a peer in delivering risk management credentials and international executive education.
CAFRAL (Centre for Advanced Financial Research and Learning): RBI-established research and training center that partners with IIRM on director-level insurance training. A peer institution delivering advanced executive education to financial sector leaders in India.
Institute of Actuaries of India (IAI): India's national actuarial body that grants IIRM's PGDAS graduates up to 7 paper exemptions. A core ecosystem partner and quasi-regulator for actuarial education, comparable as a counterpart rather than a competitor.

Emerging players

Indian Institute of Banking & Finance (IIBF): Mumbai-based institute offering certifications and training for banking and finance professionals, with adjacent BFSI focus. Competes with IIRM in the BFSI professional development segment, particularly for bank-employed learners.
Manipal Academy of Higher Education (MAHE): Large Indian private university with actuarial science and insurance electives, plus distance learning. Competes for the same student pool IIRM targets but with broader brand reach and multi-campus infrastructure.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Institute of Insurance and Risk Management compliance and trust

Trust signal

Compliance1 record

Institute of Insurance and Risk Management financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Institute of Insurance and Risk Management leadership team

Management profile

Number of profiles

Profiles4 records

Institute of Insurance and Risk Management funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Institute of Insurance and Risk Management M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Institute of Insurance and Risk Management

What does Institute of Insurance and Risk Management do?

Is Institute of Insurance and Risk Management a public or private company?

Institute of Insurance and Risk Management is a private company. It is classified as state government owned and is currently operating.

When was Institute of Insurance and Risk Management founded?

Institute of Insurance and Risk Management was founded in -1. It employs 51 to 100 people.

Where is Institute of Insurance and Risk Management based?

Institute of Insurance and Risk Management is headquartered in Hyderabad, India, in the Asia region.

How does Institute of Insurance and Risk Management make money?

Four revenue lines are on record. Post Graduate Diploma in Management (PGDM) is the primary driver. The others are post Graduate Diploma in Actuarial Science (PGDAS), corporate Training Programs and distance Education Programs.

Who are Institute of Insurance and Risk Management's main competitors?

Direct peers on record are Amity School of Insurance and Actuarial Science, National Insurance Academy (NIA) and Insurance Institute of India (III). Broad incumbents are XLRI - Xavier School of Management and Symbiosis Institute of Business Management (SIBM). Others are Institute of Risk Management (IRM), London, CAFRAL (Centre for Advanced Financial Research and Learning) and Institute of Actuaries of India (IAI). Emerging players are Indian Institute of Banking & Finance (IIBF) and Manipal Academy of Higher Education (MAHE).

Does Institute of Insurance and Risk Management have an API?

No public API is recorded for Institute of Insurance and Risk Management.