Risk & Insurance Manager - CRIM
Code of Ethics
Regular C-RIM Program (3 years)
The Accelerated C-RIM Program (2 years)
the body of knowledge of the C-RIM program as covering three interrelated
The core body of knowledge: Specialized fields and skills which
are essential to business and its orderly functioning;
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
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
C-RIM program follows six distinctive but interrelated approaches
Studies aimed at improving candidatesí understanding of certain fundamental
phenomena and relationships underlying the changing world.
Studies linking the theoretical studies to the practical problems
faced by the insurance professionals.
Exposure to industry practices takes place through a variety of activities
like project work, management development programs, seminars, conventions
perspective to business by encouraging the candidates to appreciate
and get exposed to the international business environment and its
Framework and IT Orientation focuses on information technology and
its linkage with insurance so that they can deliver services in a
Focus aimed at inculcating in the candidates an ethical approach in
their professional pursuits and a sense of personal, corporate and
program focuses on three areas:
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
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.
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).
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
program will be suitable for:
accounting and management professionals like CFAs, CTMs, CAs, CWAs,
CSs, and MBAs who are seeking careers in the insurance industry.
already employed in the insurance industry, and AIIIs/FIIIs who want
to upgrade their skills and knowledge in the areas of Risk and insurance
working in the area of investments who wish to expand their scope
to include the insurance fund investments.
who wish to gain in-depth knowledge about the insurance industry;
pursuing full-time postgraduate programs in commerce, economics, mathematics,
statistics and management.
individuals who are connected with or working in the insurance industry,
such as consultants, accountants, actuaries, lawyers, doctors, engineers,
who want to succeed in this industry should have the following attributes
for new knowledge and skills
and effort to learn
and interpersonal skills
for marketing and management
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:
the Risk and Insurance Management in a professional and ethical manner
and maintain objectivity and impartiality toward one and all.
the interest of clients, prospective clients and employers ahead of
their own and enhance public confidence in the profession.
confidentiality of the information acquired during the course of professional
activities and refrain from disclosing the information unless otherwise
instructed by statutory authorities/law.
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.
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.
proper care and exercise independent professional judgment in all
their professional activities.
of Professional Conduct:
required knowledge, skills and competence.
against assisting legal and ethical violations.
against the use of material non-public information.
proper control over subordinates.
reports, studies and offer recommendations and services in a diligent
and professional manner.
against misrepresentation of services.
dealing with customers and clients.
of professional transactions over personal transactions.
of material conflicts.
charged for services performed should be reasonable.
of referral fee.
to seek permission from employer for undertaking independent practice.
- To preserve
confidentiality of information sought.
independence and objectivity in relationships and contracts.
of professional designation in a dignified and judicious manner.
- No publicity
to his/her services in a derogatory manner.
not commit criminal acts nor be convicted for dishonesty, fraud, deceit
has adopted a set of rules and regulations for effective enforcement
of the Code of Ethics and Standards of Professional Conduct.
adopted a set of rules and regulations for effective enforcement of
the Code of Ethics and Standards of Professional Conduct.
Program is offered on a distance learning basis through study and examinations
in the following formats:
Regular C-RIM Program (3 years)
(from any discipline).
in their final year Bachelorís 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 is divided into three levels
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.
C-RIM program can be completed in a period of three years.
on eligible to appear for the examinations in the following pattern:
G after 6 months from the date of completion of Intermediate Level.
H after 3 months from the date of completion of Group G.
I after 3 months from the date of completion of Group H.
J after 3 months from the date of completion of Group I.
Note:Candidates are required to appear for the Groups in a
Accelerated C-RIM Program (2 years)
with PG qualifications like PGDBA/MBA/MMS/MFC/MIB/MBE/MCom etc.
with 60% and above marks.
categories of candidates are also eligible to enroll into the Accelerated
C-RIM Program, provided they are graduates.
of Insurance Institute of India.
of Actuarial Society of India and those qualified from similar institutions
of Chartered Insurance Institute, UK and professionals qualified from
similar institutions world-wide.
working in Insurance Regulatory and Development Authority (IRDA)
who passed the Pre-recruitment examination in Life/General Insurance
prescribed by IRDA
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)
students of the PGDBA/MBA/MMS/MFC/MIB/MBE/MCom programs with Business
Schools/University Departments, IIMs and other reputed institutions.
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
with CAIIB qualification.
Recruited Officers in Banks and Financial Institutions.
in Insurance companies having a minimum of 3 years experience.
I officers in Central and State Government Services.
having a minimum of 3 years experience at managerial level.
members having a minimum of 3 years teaching experience at postgraduate
C-RIM Program may be completed in a period of 2 years through study
of the Accelerated C-RIM Program are eligible for taking the examinations
in the following pattern:
A after 3 months from the date of enrollment.
B after 3 months from the date of completion of Group A.
C after 3 months from the date of completion of Foundation Level.
D after 3 months from the date of completion of Group C.
E and F after 3 months from the date of completion of Group D.
G after 3 months from the date of completion of Intermediate Level.
H and I after 3 months from the date of completion of Group G.
J after 3 months from the date of completion of Group H and I.
are required to appear for the Groups in a sequential order.
details are given in the Candidates Regulations.
Years (saving of 1 year)
candidates should have specified professional qualifications and/or
experience (with a bachelor's degree) or they should be first class
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.