National Insurance Academy collaborates with GIFT City to strengthen insurance vertical

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National Insurance Academy (NIA), an institution of global eminence in the field of insurance education, learning and research, has tied up with GIFT City, which houses India’s first and only International Financial Services Centre (IFSC), to offer courses in Insurance, Reinsurance, Risk Management and Technology.

Insurance sector holds great potential in GIFT City. This collaboration will facilitate capacity building in insurance and risk management space for participants in GIFT City. As a part of this tie up, certification programmes and training opportunities for insurers, reinsurers, insurance brokers, Insurtech and others with insurance needs will be conducted. In addition to this, both the organisations will jointly work towards creating a platform for facilitating research, knowledge seminars and webinars for the benefit of global players operating in GIFT City.

Speaking about the collaboration with NIA, Mr. Tapan Ray, MD & Group CEO of GIFT City said, “With a growing number of international financial services entities operating out of GIFT City, it is equally important to upgrade and enhance skills in order to remain relevant in fast emerging areas of the financial services spectrum. The Insurance and Reinsurance segment is vital to the entire international financial services ecosystem at GIFT City. This collaboration will set the groundwork for NIA and GIFT City to assist in capacity building of trained manpower by developing, launching, and conducting training courses related to Insurance and Reinsurance business within GIFT City”.

Elaborating on the collaboration, Mr. G Srinivasan, Director of National insurance Academy said, “”GIFT City is poised to play a very positive role in insurance space and has the potential to emerge as an insurance and reinsurance hub for the global market. NIA, with 40 years of expertise in the field of insurance & risk management, can contribute by building skill sets for making insurance stream vibrant and help in global expansion in a big way. NIA can also contribute to building Insurtech ecosystem and development of Actuarial professionals. NIA can also help in building skill set in areas like aviation insurance, credit insurance, P & I insurance and surety bonds. This MOU will open doors for the candidates for harnessing the benefits out of courses offered in the field of Insurance, Reinsurance, & Regulatory aspects of insurance.

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