|
Certified
Risk & Insurance Manager - CRIM
Body
of Knowledge
The
C-RIM Approch
Focus Areas
For Whom
Skills
to Succeed
Code of Ethics
The
Regular C-RIM Program (3 years)
The Accelerated C-RIM Program (2 years)
Body
of Knowledge
ICRIM visualizes
the body of knowledge of the C-RIM program as covering three interrelated
areas
The core body of knowledge: Specialized fields and skills which
are essential to business and its orderly functioning;
The
evolving concepts, techniques and strategies: Debated and tested
by researchers and practitioners but not yet understood well enough
to be included in the core areas
The
frontiers: The newest ideas, speculative and often controversial,
but offering the promise of practical insights into the process of analysis
and decision-making. Ideas enter the realm of knowledge at the frontiers
and gradually as they are tested and refined, move toward the core body
of knowledge.
Top
The
C-RIM Approch
The
C-RIM program follows six distinctive but interrelated approaches
- Theoretical
Studies aimed at improving candidates’ understanding of certain fundamental
phenomena and relationships underlying the changing world.
- Case
Studies linking the theoretical studies to the practical problems
faced by the insurance professionals.
- Practical
Exposure to industry practices takes place through a variety of activities
like project work, management development programs, seminars, conventions
etc.,
- Global
perspective to business by encouraging the candidates to appreciate
and get exposed to the international business environment and its
practices.
- E-business
Framework and IT Orientation focuses on information technology and
its linkage with insurance so that they can deliver services in a
virtual world.
- Ethical
Focus aimed at inculcating in the candidates an ethical approach in
their professional pursuits and a sense of personal, corporate and
social responsibilities.
Top
|
|
|
Focus
Areas
The C-RIM
program focuses on three areas:
- Domain
Knowledge and Skills in Risk and Insurance: The C-RIM program
focuses on various dimensions of risk and presents a spectrum of managerial
solutions to deal with risk highlighting the role and importance of
insurance.
- Management
Practices and Operational Excellence: The program explores the
best managerial practices, in terms of strategic and operational excellence
for the benefit of upcoming professionals. They will also be given
expert level knowledge in managing the finances of insurance companies.
- Information
Technology and E- Business: Provides the necessary knowledge and
skills required for managing business on the internet and delivering
services electronically to the customers (in terms of selling policies
on line, settling claims and processing of payments and receipts online).
- Integration:
The uniqueness of the C-RIM Program lies in its effective integration
of all the three focus areas which are going to set new benchmarks
in the insurance industr
Top
For
Whom
The C-RIM
program will be suitable for:
- Finance,
accounting and management professionals like CFAs, CTMs, CAs, CWAs,
CSs, and MBAs who are seeking careers in the insurance industry.
- Professionals
already employed in the insurance industry, and AIIIs/FIIIs who want
to upgrade their skills and knowledge in the areas of Risk and insurance
Management.
- Professionals
working in the area of investments who wish to expand their scope
to include the insurance fund investments.
- Entrepreneurs
who wish to gain in-depth knowledge about the insurance industry;
- Students
pursuing full-time postgraduate programs in commerce, economics, mathematics,
statistics and management.
- Other
individuals who are connected with or working in the insurance industry,
such as consultants, accountants, actuaries, lawyers, doctors, engineers,
administrators etc.
Top
|
|
|
Skills
to Succeed
The individuals
who want to succeed in this industry should have the following attributes
and skills:
- Quest
for new knowledge and skills
- Determination
and effort to learn
- Analytical
mind
- Negotiation
and interpersonal skills
- Acumen
for marketing and management
Top
Code
of Ethics
The Institute
of Certified Risk & Insurance Managers, (ICRIM), has formulated
a Code of Ethics and Standards of Professional Conduct for its members.
All members of ICRIM are required to strictly adhere to the Code of
Ethics and Standards of Professional Conduct as laid down by ICRIM from
time to time. The following are the highlights of the Code of Ethics
and Standards of Professional Conduct prescribed by ICRIM:
Code
of Ethics
- Practice
the Risk and Insurance Management in a professional and ethical manner
and maintain objectivity and impartiality toward one and all.
- Place
the interest of clients, prospective clients and employers ahead of
their own and enhance public confidence in the profession.
- Maintain
confidentiality of the information acquired during the course of professional
activities and refrain from disclosing the information unless otherwise
instructed by statutory authorities/law.
- Conduct
themselves with integrity and dignity in their dealings with the public,
clients, customers, employers, employees, professionals and fellow
treasury managers and maintain high standards of personal conduct.
- Act
with competence and strive to maintain and improve their competence
and that of other members in the profession and accept only those
assignments that they are qualified to undertake and will be able
to satisfactorily carry out.
- Take
proper care and exercise independent professional judgment in all
their professional activities.
Standards
of Professional Conduct:
- Maintain
required knowledge, skills and competence.
- Prohibition
against assisting legal and ethical violations.
- Prohibition
against the use of material non-public information.
- Exercise
proper control over subordinates.
- Prepare
reports, studies and offer recommendations and services in a diligent
and professional manner.
- Prohibition
against plagiarism.
- Prohibition
against misrepresentation of services.
- Fair
dealing with customers and clients.
- Priority
of professional transactions over personal transactions.
- Disclosure
of material conflicts.
- Compensation
charged for services performed should be reasonable.
- Disclosure
of referral fee.
- Duty
to seek permission from employer for undertaking independent practice.
- To preserve
confidentiality of information sought.
- Maintain
independence and objectivity in relationships and contracts.
- Use
of professional designation in a dignified and judicious manner.
- No publicity
to his/her services in a derogatory manner.
- Should
not commit criminal acts nor be convicted for dishonesty, fraud, deceit
or misrepresentation.
- ICRIM
has adopted a set of rules and regulations for effective enforcement
of the Code of Ethics and Standards of Professional Conduct.
ICRIM has
adopted a set of rules and regulations for effective enforcement of
the Code of Ethics and Standards of Professional Conduct.
The C-RIM
Program is offered on a distance learning basis through study and examinations
in the following formats:
Top
|
|
|
The
Regular C-RIM Program (3 years)
Eligibility
- Graduates
(from any discipline).
- Candidates
in their final year Bachelor’s Degree Program who are expecting the
results within three months from the date of submitting the application
to ICRIM are also eligible. Such candidates will be enrolled provisionally
in the C-RIM Program.
Program
Structure
The C-RIM
Program is divided into three levels
| Foundation
Level |
| After
completing the Foundation Level, the candidates will be admitted
to the Intermediate Level. Upon completion of the Intermediate
Level, they will be admitted to the Final Level. The candidates
enrolled in the Regular C-RIM Program will be required to
study and complete the three levels in a sequential manner. |
|
| Intermediate
Level |
| Final
Level |
Duration
The Regular
C-RIM program can be completed in a period of three years.
Eligibility
for Examinations
Candidates
on eligible to appear for the examinations in the following pattern:
Foundation Level
Intermediate
Level
Final
Level
- Group
G after 6 months from the date of completion of Intermediate Level.
- Group
H after 3 months from the date of completion of Group G.
- Group
I after 3 months from the date of completion of Group H.
- Group
J after 3 months from the date of completion of Group I.
Note:Candidates are required to appear for the Groups in a
sequential order.
Top
|
|
|
The
Accelerated C-RIM Program (2 years)
Eligibility
- CFAs/CAs/CWAs/CSs.
- Candidates
with PG qualifications like PGDBA/MBA/MMS/MFC/MIB/MBE/MCom etc.
- Graduates
with 60% and above marks.
The following
categories of candidates are also eligible to enroll into the Accelerated
C-RIM Program, provided they are graduates.
- Associates/Fellows
of Insurance Institute of India.
- Associates/Fellows
of Actuarial Society of India and those qualified from similar institutions
worldwide.
- Associates/Fellows
of Chartered Insurance Institute, UK and professionals qualified from
similar institutions world-wide.
- Officers
working in Insurance Regulatory and Development Authority (IRDA)
- Candidates
who passed the Pre-recruitment examination in Life/General Insurance
prescribed by IRDA
- Candidates
who successfully completed CFA Level I (Diploma in Business Finance)
examination of ICFAI, the Intermediate examinations of the Institute
of Chartered Accountants of India (ICAI), the Institute of Cost and
Works Accountants of India (ICWAI), the Institute of Company Secretaries
of India (ICSI) or the CAIIB Part I examination of the Indian Institute
of Bankers (IIB)
- Full-time
students of the PGDBA/MBA/MMS/MFC/MIB/MBE/MCom programs with Business
Schools/University Departments, IIMs and other reputed institutions.
- Candidates
pursuing MBA (by correspondence) with the Indira Gandhi National Open
University (IGNOU) and other Universities/All India Management Association
(AIMA)/Indian Institute of Bankers/Icfaian Council for Open and Distance
Education.
- Bankers
with CAIIB qualification.
- Directly
Recruited Officers in Banks and Financial Institutions.
- Officers
in Insurance companies having a minimum of 3 years experience.
- Class
I officers in Central and State Government Services.
- Executives
having a minimum of 3 years experience at managerial level.
- Faculty
members having a minimum of 3 years teaching experience at postgraduate
level.
Duration
The Accelerated
C-RIM Program may be completed in a period of 2 years through study
and examinations.
Eligibility
for Examinations
Candidates
of the Accelerated C-RIM Program are eligible for taking the examinations
in the following pattern:
Foundation
Level
- Group
A after 3 months from the date of enrollment.
- Group
B after 3 months from the date of completion of Group A.
Intermediate
Level
- Group
C after 3 months from the date of completion of Foundation Level.
- Group
D after 3 months from the date of completion of Group C.
- Group
E and F after 3 months from the date of completion of Group D.
Final
Level
- Group
G after 3 months from the date of completion of Intermediate Level.
- Group
H and I after 3 months from the date of completion of Group G.
- Group
J after 3 months from the date of completion of Group H and I.
- Candidates
are required to appear for the Groups in a sequential order.
Further
details are given in the Candidates Regulations.
A Comparative
Perspective
|
Regular
C-RIM
|
Accelerated
C-RIM
|
| 3
Years |
2
Years (saving of 1 year) |
| All
graduates |
All
candidates should have specified professional qualifications and/or
experience (with a bachelor's degree) or they should be first class
graduates |
Note:
All the rules and regulations relevant to the Regular C-RIM Program
stated elsewhere in the site are also applicable to the Accelerated
C-RIM Program, except where stated otherwise.
Top
|
|
