Birla Institute of Management Technology (BIMTECH) has signed a Memorandum of Understanding (MoU) with global reinsurance leader Swiss Re India to strengthen industry-academia collaboration and nurture future-ready talent in the insurance sector. The partnership is aligned with BIMTECH’s Post Graduate Diploma in Insurance and Risk Management (PGDM-IBM) programme and focuses on delivering industry-relevant education and research.
As part of the collaboration, Swiss Re will contribute to the co-development of specialised courses in reinsurance and offer executive mentoring programmes. Students will benefit from enhanced exposure through summer and final placements, short-term industry projects, and direct engagement with industry experts via training sessions, webinars, live projects, and workshops.
The MoU also includes the joint development of modules in key areas such as Reinsurance, Risk Analytics & Data Science, Insurance Penetration and Protection Gap, Leadership & Professional Development, Sustainability & Climate Risk, and Technology & InsurTech.
Amit Kalra, MD & Head, Swiss Re India, highlighted the evolving partnership between the two institutions and encouraged students to adopt a mindset of continuous learning. He emphasised the importance of adaptability, urging them to “learn, unlearn, and relearn,” while also sharing insights from his dynamic career journey. He further noted that Artificial Intelligence has the potential to bridge India’s insurance protection gap, which remains influenced by the perception of insurance as merely a tax-saving tool rather than a risk management solution.
Dr. Prabina Rajib, Director, BIMTECH, underscored the significance of the partnership, stating that India’s insurance sector presents both challenges and opportunities. She noted that the collaboration will help build a structured interface between academia and industry, enhancing curriculum design, mentorship opportunities, internships, and hands-on learning experiences through Swiss Re’s expertise.
A key objective of the MoU is to promote research, awareness, and outreach initiatives while strengthening leadership development through industry-led training and executive mentoring. The partnership aims to develop “T-shaped” professionals equipped with both deep domain expertise and broad interdisciplinary skills.
Also Read: K-12 EdTech Startup Qweebi Raises $500K to Expand Virtual STEM Learning
The MoU was formalised during an industry interaction session held on campus, attended by senior leadership, faculty, and students.
Established with the vision of its founders, Late Basant Kumar Birla and Sarala Birla, BIMTECH offers a wide range of programmes including PGDM, PGDM (International Business), PGDM (Insurance Business Management), PGDM (Retail Management), PGDM-Online, and Fellow Programme (FPM/E-FPM). The institute continues to be recognised globally for excellence in management education, supported by a strong alumni network of over 8,000 professionals.
