Placements take a dip at IIRM

Placements for the last batch at the Institute of Insurance and Risk Management (IIRM), an institution set up jointly by the Insurance Regulatory and Development Authority (Irda) and the Andhra Pradesh government, took a dip as only 43 diploma holders out of the 72 could so far get placement.

“Following the impact of the economic downturn, I must admit that the position of campus placements for the last batch was not that encouraging. It is hoped that some reversal will come about this year, if all goes well with the economy,” IIRM managing director Vepa Kamesam, said at the institute’s fourth convocation ceremony held here on Friday.

CB Bhave, chairman of the Securities and Exchange Board of India, gave away the international postgraduate diploma certificates to 100 students of the IIRM who passed out in 2008-09. He also inaugurated IIRM’s postgraduate diploma courses in insurance, risk management and actuarial sciences for the 2009-10 academic year.

Kamesam said the institute’s distance learning mode for working professional, which was launched in 2007, now had two in-takes in a calendar year and about 25 candidates had opted for the course in the current year. Regular campus certificate course designed exclusively for the newly-recruited junior executives of ICICI Prudential Life Insurance Company has 22 students in the current year, who will be completing the programme by November 2009.

IIRM has finalised arrangements for shifting its both campuses to a leased premises of the AP State Financial Corporation building in Gachibowli here.