Insurance Information Bureau of India (IIB)

IIB was set up by IRDA in 2009 with participation of all stakeholders in insurance with special emphasis on the use of analytics in the industry for better structuring and pricing of policies. The IIB is collating data from the industry and then analyzing them. IIB would become self-reliant after a certain time once it started to sell analyzed information to the insurance companies both in India and abroad. The Bureau provides a bundle of services related to motor insurance to multiple stakeholders such as public, police, transport departments and insurers through its service package titled V- Seva. The services are call centre-, SMS- and web-based and provide information regarding insurance status of the vehicle, stolen vehicles, ownership of recovered vehicles, accident record etc. IIB handles the Central Index Server which acts as a nodal point between different Insurance Repositories and helps in de-duplication of demat accounts at the stage of creation of a new account. The Central Index Server also acts as an exchange for transmission/routing of information pertaining to transactions on each policy between an insurer and the insurance repository.

Insurance Institute of India (III)

The Insurance Institute of India formerly known as Federation of Insurance Institutes (J.C. Setalvad Memorial) was established in the year 1955, for the purpose of promoting Insurance Education & Training in the country. Institute qualifications are held in esteem both by the regulator and the industry. To impart systematic insurance education, training and creating avenues for research and development in the field of insurance and insurance auxiliary services thus developing highly efficient and skilled insurance professionals to serve the humanity in India and abroad. III has almost become a hub of Insurance, Health, Actuarial and Risk Management education in Afro-Asian Countries and raise the bar of efficiency and knowledge across the insurance industry. III is also providing cutting-edge research, documentation, dissemination of information to individuals, corporate, regulators and millions of users of insurance. The Institute conducts Licentiate, Associate ship and Fellowship Examinations covering more than 50 subjects. The Institute also conducts examinations for specialized diplomas in Fire, Marine, Health, Life Insurance Underwriting & Foundation of Casualty Actuarial Science, Certificate course on Foundation of Casualty Actuarial Science and Certificate Programme in Advanced Insurance Marketing. The Professional Examinations are conducted offline as well as Online. Insurance Institute of India is recognized by IRDAI as a training center for pre/renewal licensing training for Brokers, Insurance Marketing Firms (IMF) Corporate Agents and to conduct exam for PO/SPs of Corporate agents.