International College of Financial Planning introduces a new course in Commercial Risk Management

First to bring this profession to India

The International College of Financial Planning, one of India’s premier educational institutions for careers in the financial services industry, today announced its plans to launch its new Post Graduate Diploma in Commercial Risk Management (PGDCRM). The professional course, commencing in October 2009, will offer students an in-depth knowledge on how to underwrite large commercial risks and how to create a risk-intelligent business especially in today’s challenging times.

According to Anish Wig - CEO, International College of Financial Planning, “India is a booming economy and risk management is an integral part of any business. We are therefore proud to bring this profession to India; we are also in process of finalizing our tie-up with Chartered Insurance Institute (CII), London, the premiere educational institution for high end risk movement and insurance education, to bring to the country world class education in this vertical. We are confident that with the launch of Post Graduate Diploma in Commercial Risk Management (PGDCRM), we have taken a giant step to create a unique stream of trained Risk Management professionals who will revolutionize the Indian general insurance and allied risk management industry and take the economy to further heights.”

“Financial turbulence coupled with expanding opportunities in new and challenging markets, has resulted in a greater need for the implementation of robust risk management systems,” he added further. The project has received a very enthusiastic response from the Industry and leading insurers like HDFC ERGO etc, who have agreed to help both with training the future risk managers with exposure to live risk management situations as well as giving placement opportunities to deserving students when they pass out.

"We are also launching a Risk Management forum in India to facilitate exchange of views and experiences on relevant topics, and networking with people interested in the same subject areas. The Group will promote risk management and commercial insurance in the country; the course will expand students’ knowledge of risk management and their individual ability to identify and analyze risk in areas such as property, liability, personnel and business interruption,” said Vinod Sahgal – MD, Bajaj Capital Insurance Broking Ltd.

Today the risk management and general insurance industry in India is facing an unprecedented manpower shortage of professionals. This is a time in the financial industry where there is a unique career opportunity in the field of evaluating the risk probability and monetizing the value of risk that every growing corporate needs to expand.

This course will expand students’ knowledge of risk management and their individual ability to identify and analyze risk in areas such as property, liability, personnel and business interruption. The eligibility of this course is a Bachelor's Degree. The candidate has to undergo a rigorous selection procedure comprising of Written Test, Group Discussion & Personal Interview.

ICoFP has decided to restrict the intake of total number of students to 100 out of which only 35 seats will be offered to careers makes, while 60 seats have been reserved for middle & senior management executives from Insurers, corporates or Insurance Brokers and 5 seats for media persons seeking to specialize in covering the risk management sector.

About the International College of Financial Planning
The International College of Financial Planning (www.icofp.org) is one of India’s premier educational institutions for careers in the financial services industry. Promoted by the Bajaj Capital Group, the college’s high quality education and orientation in training students to succeed has helped it become, by far, the leader in financial planning and wealth management education in India. With over 8000 students currently enrolled in fulltime & distance programs, the college has helped many of them create great careers with India’s leading financial services organizations.