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Amity School of Insurance, Banking and Actuarial Science (ASIBAS) erstwhile ASIAS, an integral part of Amity University, has been pioneer in insurance and actuarial science education. ASIBAS ranked No. 1 Insurance and Actuarial Science Education Provider in India by Nielson Org-Marg in 2009 was established on 1st September 2000 with the vision to provide well-qualified, trained, and multi-skilled professionals for the sunrise insurance industry opened to private players through MBA(Insurance and Banking), M.Sc. (Actuarial Science), BA (Hons – Insurance and Banking) and BSc (Actuarial Science). All these programs have been running successfully with excellent placement record since inception. Our alumni find presence practically in all insurance companies, IT companies with insurance vertical, KPOs having actuarial vertical.

MBA (Insurance & Banking)

In addition to MBA (Insurance) programme successfully running since 2005, we had launched MBA (Insurance and Banking) programme in the year 2010 and to reflect this change, the name of the institute has been changed to Amity School of Insurance, Banking and Actuarial Science (ASIBAS). The 2-year programme is designed to develop competitive and ethical management professionals best suited for Banking, financial Services, Insurance Sector & IT Sectors. The Insurance Institute of India had given exemption upto 17 subjects for the students who have successfully completed this course. They are groomed to work in Insurance Companies, Banks, NBFCs, and IT/ITES and KPOs. The course inputs include basic management subjects, insurance and banking subjects plus value-added courses on behavioural science, communication skills, and a foreign language.

M.Sc. Actuarial Science

The subject of Actuarial Science has derived its roots from Mathematics, Statistics, Economics and Finance. It has applications in the field of Life insurance, General insurance, Health insurance, Reinsurance, Valuation of Retirement Benefits viz. Gratuity, Pension, leave Encashment, etc. Asset valuation, Pricing of Securities and Derivatives, Risk Valuation, Risk Management and so on. An actuary is a financial problem-solver with a unique blend of mathematical, analytical and business skills. Actuaries, utilizing their mathematical and statistical skills, analyze past events, assess present risks and model the future. Actuarial skills are valuable for any business managing long-term financial projects both in the public and private sectors.

B.Sc. Actuarial Science

It is a three years Bachelor’s Degree Program where the focus will be on developing a unique blend of strong mathematical skills, real world business understanding, communication, interpersonal and leadership skills; all of which have been identified by the Actuarial Profession as core skills required by trainee actuaries. In addition to inculcating these attributes, this program also focuses on imparting quality education in the field of Insurance and Risk Management. This programme will work as a catalyst to become a Certified Actuarial Analyst (CAA) from Institute of Actuaries, UK.

Highlights of the program

BA Hons. (Insurance & Banking)

It is a three years Bachelor’s Degree Program. Minimum eligibility for this programme is 10+2 with 60% marks for Non-sponsored and 55% for Sponsored category.

Post Graduate Diploma in Banking Services under Tie-up with Axis Bank Limited

PG Certificate in Insolvency and Bankruptcy Code (IBC) in association with Insolvency Professional Agency of Institute of Cost Accountants of India* (To be launched from the year 2019)