Professional Certificate Course · National Insurance Academy

Applications of
Actuarial Science

In Insurance and Reinsurance Business

A structured, 60-hour programme bridging actuarial theory and business decision-making for insurance, finance, and risk professionals — no prior actuarial training required.

Deadline: May 31, 2026
Online · MS Teams
NIA Certificate Awarded

Course Objectives

  • Understand core actuarial concepts used in Life, General and Health Insurance including Reinsurance
  • Equip to estimate premiums, reserves, surplus, solvency margins, and profits
  • Appreciate the applications of actuarial analytics on insurance business
  • Understand actuarial input in regulatory and financial reporting
  • Communicate effectively with actuarial teams and senior management
Registration Deadline: 31 May 2026 16 Specialized Modules 60 Total Contact Hours Online Mode · MS Teams Platform Faculty: Practicing Actuaries & Industry Experts Certificate Awarded by National Insurance Academy, Pune Registration Deadline: 31 May 2026 16 Specialized Modules 60 Total Contact Hours Online Mode · MS Teams Platform Faculty: Practicing Actuaries & Industry Experts Certificate Awarded by National Insurance Academy, Pune

Bridging the gap between actuarial science and business

This certificate course provides a structured, practical understanding of actuarial concepts applicable to both Life and General Insurance, bridging theory and decision-making through intuitive explanations and applied case studies.

"The insurance industry increasingly relies on actuarial concepts — yet most professionals lack formal training."

Faculty : Practicing Actuaries and Industry Experts Mode : Online - MS Teams
Pricing & Reserving
Premium principles and claims reserving for Life & GI
Risk & Solvency
ERM, capital adequacy and regulatory solvency frameworks
Financial Reporting
IFRS 17 / Ind AS and actuarial disclosures
Asset-Liability Mgmt
Interest rate risk, longevity, ALM strategies

Module-Wise Course Content

60 contact hours spanning the full spectrum of actuarial applications in insurance.

Mode & Pedagogy

Mode: Online - MS Teams Faculty: Practicing Actuaries and Industry Experts

Pedagogy

Inputs will be delivered in English which includes:

  • Conceptual explanations
  • Industry examples and case studies
  • Simple numerical illustrations
  • Interactive discussions

Assessment & Certification

Candidate will receive a “Certificate in Actuarial Applications” from National Insurance Academy (NIA), Pune on successfully completing all the requirements of the course and passing the Final Examination by securing a minimum of 50%.

  • Each module will be followed by an online MCQ assessment.
  • Participants must secure a minimum qualifying score to progress.
  • A comprehensive final online examination will be conducted at the end of the program.
  • The final assessment will include objective and application-based questions.
  • Participants who successfully meet the assessment criteria will be awarded a certificate.

Who Should Attend

Designed for practising professionals seeking to understand the actuarial underpinnings of the insurance business — without requiring specialist mathematics.

Insurance Executives

Life, General and Health Insurance including Reinsurance professionals at all levels.

Technical Staff

Actuarial, Underwriting, Operations, Claims professionals and Insurance Brokers.

Finance & Audit

Finance, accounts, audit and fraud investigation teams within insurance organisations.

Compliance & Regulation

Risk management, compliance professionals, regulators and supervisory staff.

MBA / PGDM Students

MBA / PGDM Students in insurance and risk management studies

Actuarial Students

Aspiring actuarial students seeking industry context

Entry Requirements

Open to professionals from all disciplinary backgrounds.

01
Graduates / Postgraduates in any discipline with 50% marks or equivalent.
02
No actuarial or advanced mathematical background is required for enrolment.
03
Basic familiarity with insurance concepts is preferred but not mandatory.

Registration & Fees

How to Register

1
Apply Online

Visit the Registration & Payment Portal to create your profile and complete the application form.

2
Make Payment

Complete the fee payment via the secure payment link provided upon application submission.

3
Confirm Enrolment

Email the successful payment confirmation details to the Programme Office to secure your seat.

Proceed to Apply
Closes May 31, 2026

Programme Fees

Indian Participants
₹70,800
INR 60,000 + 18% GST
  • Includes all 16 training modules
  • Includes examination & certification fees
Overseas Participants
$775
  • Includes GST, examination & certification fees

About National Insurance Academy

Established as India's premier insurance education institute, NIA has been professionalising the insurance and risk management sector for over four decades.

National Insurance Academy (NIA) is a premier institution devoted to equip the insurance industry with the best of talents. Its close association with the Insurance industry provides the 'real life' reference to its training, education, research and consultancy activities.

NIA was established in 1980 jointly by the Ministry of Finance - Government of India, Life Insurance Corporation of India, General Insurance Corporation of India, The New India Assurance Company, National Insurance Company, United India Insurance Company and The Oriental Insurance Company on 16th December, 1980 in Mumbai to be the institute of excellence in learning and research in Insurance, Pension and allied areas. The Academy was shifted to Pune on 4th June, 1990 with the state-of-the-art facilities for learning and research.

Initial years of NIA were dedicated to Management Development Programmes catering to the insurance industry professionals to enhance the management skills. Later, the two year Post Graduate Diploma in Management course was initiated to fulfill the growing demand of skilled professionals in Insurance and Risk Management. The programme offers dual expertise in management and Insurance.

The Academy has a sprawling (approximately 32 acres) campus housing the administrative, academic, hostel and residential facilities amidst lush greenery. The campus is self sufficient with a Bank, Post Office, Dispensary, Sports, Gymnasium and Swimming Pool facilities.

For more info please visit https://niapune.org.in/

NIA at a Glance
45+
Years of insurance education excellence
280+
Programmes conducted annually
7200+
Executives trained each year
AICTE
Approved & NBA Accredited PGDM

Programme Contacts

Reach out to the team for queries about enrolment, curriculum, or general programme information.

Faculty Member & Course Coordinator

Mrs. J. Kamarunnisa

Dr. Steward Doss

Programme Office

Ms. Ujwala Bagwan

Manager, Programme Office
+91-8308841916
+91-20-27204053
Secretary

Ms. Vaishnavi Dandavate

Course Secretary
+91-20-27204062