Risk Management involves careful assessment of risks and forming strategies to prevent financial losses to a company. It includes careful analysis of a company’s operations, identification of risk-prone areas, devising strategies to avoid risks, and consistent regulation and recovery management to strengthen the company’s position in the competitive market. This involves some degree of prediction and foresight which are inculcated to students during the course. By early prediction, critical losses can be avoided or minimized without any permanent irreversible losses. Consistent regulations and audits are required for regular management.
Insurance is a method of risk management. It guarantees protection from financial losses if a company undergoes losses despite prior risk management strategies.
If you are a good decision maker with exceptional analytical skills, an MBA in Risk Management and Insurance is the course for you. Your quick rationalizing and problem-solving skills will help the organization in eradicating risks and continuous progress.
Eligibility: Potential candidates should have a minimum of 45% aggregate marks (or equivalent GPA) from a recognized university. Institute-specific entrance examinations, CAT, CMAT, GMAT, MAT, SNAP, XAT, or state-specific examinations are mandatory.
There are many job opportunities in many international, public, and private organizations.