MBA in Insurance And Risk Management 

MBA Risk and Insurance is a 2 year postgraduate course focusing on the insurance industry. This course is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. 

This course provides knowledge of actuary science, strategic planning and other topics essential to effective management in the insurance industry. Students acquire the fundamental knowledge and the analytic skills to be able to deal with the problems of the insurance businesses. 

MBA Risk and Insurance admissions depends on the performance in the entrance exams, like- CAT, MAT, XAT, GMAT, etc. The college or the university admission authority also conducts group discussions and personal interview rounds to check the communication skills and personality traits of the candidates. The eligibility criteria for this MBA Risk and Insurance is an aggregate of 50-60% marks in the Bachelor’s degree from a recognized institute.

Why study MBA in Risk and Insurance?

MBA in Risk and Insurance is a 2-year post-graduate program especially for the candidates interested in the field of Risk and Insurance. In this course a student can learn a lot and can enhance their skills which will help them in their career and benefit the organisation. The candidates can benefit from MBA Risk and Insurance in various ways:

MBA Risk and Insurance is specially designed to teach students about everything marketing.

This course focuses on the financial risk and insurance aspect of business and management aims to train students on how to make sound financial decisions for companies or organizations. 

Risk and Insurance helps in enhancing the professional as well as the personal growth of a student.

MBA in Risk and Insurance will help the candidate gain in-depth knowledge of Risk and insurance of finance and related fields while also developing skills like data analysis and financial accounting.

The candidates are required to have some raw talent of their own as well. Through this course, they can enhance those skills and acquire the necessary ones to have a start-up or a business of their own.

MBA Risk and Insurance Admission Process?  

MBA Risk and Insurance has become very difficult in today’s era. Candidates can follow a few steps in order to make the admission process less tiring and stressful. In most of the colleges or universities, admission is done on the basis of entrance exam and counseling sessions. Candidates can get admission in a good college if he follows these steps:

Step 1: A candidate should apply for various entrance exams such as CAT, MAT, GMAT, XAT, etc. online.

Step 2: After applying for such entrance exams candidates must appear for those as their marks obtained in these exams are very partly important for the admission to the course.

Step 3: Once the results are declared the candidates must make a list of preferable colleges and fill-in the admission form online.

Step 4: After the admission forms are filled, the university releases a list of short-listed candidates based on the cut-off marks and their merit in the entrance exams.

Step 5: Once a candidate is short-listed, they get a call from the institute for the procedure of the internal selection that includes one of these: Written Ability Test (WAT), Group Discussions (GD), and Personal Interviews (PI).

Step 6: Based on the overall performance, candidates are selected and they are required to deposit the mentioned admission fees which confirms the admission of the candidate.

Syllabus of MBA Risk and Insurance

Year I

Principles and Practice of Life and General Insurance

Risk Management

Life Insurance I

Fire Insurance

Marine Insurance

Year II

Liability Insurance

Life Insurance II

Motor Insurance and Agricultural and Mis. Insurance

Investment Planning and Management

Marketing Financial Services

MBA Risk and Insurance Eligibility? 

All the candidates applying for the MBA Risk and Insurance program need to comply with the eligibility criteria prescribed by the college. The basic eligibility criteria are mentioned below:

The candidates have to complete Bachelor Degree like, Bachelor of Commerce (B.Com), Bachelor of Business Administration (BBA) or any other Bachelor Degree with relevant subjects or equivalent stream oe examination.

Candidates scored minimum aggregate 50% marks (45% for SC/ST/PWD candidates, such candidates are eligible to take admission to the MBA Risk and Insurance program.

To pursue this degree program, the candidates need to appear for the college or university level entrance examination too, which is further followed by the group discussion (GD) and personal interview (PI) round.

The eligibility criterion for international applicants is to score at least 50% marks aggregate in the qualifying examination and having studied the prerequisite subjects for admission into the MBA Risk and Insurance course.

popular MBA Risk and Insurance Entrance Exams? 

The aspirants of Master of Business Administration in Risk and Insurance have to prepare for a series of grueling examinations to prove their credentials and gain admission into the top MBA colleges and universities in the nation by dint of merit:

CAT: is the most important entrance exam conducted by the Indian Institute of Management(s) (IIMs) and it is preferred as the qualifying exam by most top management institutes and B-schools in India.

XAT: Final year students and students with Bachelor's degrees can apply for the XAT exam, conducted by the Xavier School of Management.

MAT: The Management Aptitude Test is conducted by the All India Management Association (AIMA), which is a national body for the management profession in India and MAT exam takes place 4 times in a year, i.e. in February, May, September, and December.

CMAT: Conducted by the All India Council for Technical Education [AICTE], the CMAT exam is widely accepted as a qualifying exam by a large number of government-sponsored management and business institutes in India.

MBA Risk and Insurance Jobs and Career Prospects

Insurance Underwriters

Risk Managers

Financial Manager

Financial Adviser

Benefit Manager