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INSURANCE FOUNDATION OF INDIA
Executive Development Programme |
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| Insurance Market Behaviour & Health Insurance |
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| Health Insurance is the fastest growing segment of the Indian Non-Life Insurance industry. The industry currently exceeds Rs. 8,300 crores (US $1.88B) in premium and a study recently conducted by Ernst & Young (E&Y) states that this industry will grow to Rs. 30,000 crores (US $6.81B) by 2015. This will lead to an increase in the number of offerings by life and general insurance companies. We also foresee that a number of stand-alone health insurance companies will also enter the Indian market. Additionally, the schemes of the Government of India and the state governments are supporting health insurance of those in the unorganized sector and those below the poverty line. |
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| With this significant growth, it is important for those in the industry (underwriting, product development, health care industry, planning in the government and NGO’s) to have an in-depth understanding of different factors associated with the industry such as how to develop products to best meet the need of Indian customers. |
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| Insurance Foundation of India (IFI) is organizing an intensive 5 day programme to provide attendees with a thorough understanding of economic behavior of insurance markets, and, how to apply this understanding to practical problems of health insurance. Amongst other topics, the programme will focus on insurance market behavior, design of effective risk management tools, health insurance environment, and product development. |
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| What You Can Expect |
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| The Executive Development programme on Healthcare Financing and Health Insurance will provide you with a comprehensive, multifunctional perspective on how to understand the changes occurring in the Indian health insurance environment and how to drive growth through product innovation, cost control, application of technology so that it can lead to customer satisfaction of large number of customers located all over the country. You will learn from global as well as Indian thought-leaders through case studies and exercises that will help instill key concepts that you will be able to apply in your workplace and maximize the impact you make in your company when you return to work. |
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| Who Is Right for the Programme |
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| This programme is designed for executives, who want to acquire a deep understanding of the health insurance products, as well as a useful theoretical framework and practical conceptual tools needed to design and manage health insurance products. Executives can be from: |
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- Health Insurance Companies
- General Insurance Companies
- Life Insurance Companies offering health products
- Consulting Companies
- Insurance Brokerage Firms
- Hospitals
- Government (Central/State Level)
- TPA's
- Doctors/ Medical Associations
- NGO's working in the Healthcare Insurance Space
- Academia and Researchers
- IT Companies
- Reinsurance Companies
- Policymaking bodies like Planning Commission, State Governments
- Foreign organizations/embassies such as USAID/WHO
- Venture and Private Equity Funds investing in healthcare domain
- Actuarial Firms
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| International Participation |
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| A large number of participants for the programme will be from India but we also forsee a good number will be International participants who will be coming from ASEAN, SAARC, South Asian and African countries. |
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| Your Course of Study |
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| An intensive learning experience through a 5 day programme equivalent to a full semester at any top – tier University in USA. A successful attendee will spend as much time in advance preparation focused on readings and projects in addition to lectures. Additionally, the programme allows participants the opportunity to interact with other leaders in the health insurance field and learn from their experiences as well. |
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| After an introduction to the health insurance industry, the programme continues with topics on healthcare financing and health insurance. Learning about the environment is vital to understanding how insurance companies design their health insurance products and manage their product portfolios. Topics include: |
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- Risk shifting using insurance
- Insurance market behavior and market failure
- Health insurance environment
- Insurance market behavior and health insurance
- Health insurance in India - Target 2020
- Healthcare Technology
- Product Innovation
- Challenges in the Insurance Industry
- Means to improve quality of healthcare services in India
- Government sponsored health insurance schemes - status/critical analysis
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| Those completing this programme will be presented with a Certificate by Professor Bolnick, the primary faculty member. |
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| Faculty Profile |
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| The programme is taught by Professor Howard J. Bolnick, Adjunct Professor at the Kellogg School of Management, who is an international authority on Health Insurance. Professor Bolnick is a thought-leader in the industry who has developed and taught this highly regarded international
healthcare financing and health insurance to actuaries and insurance executives in actuarially developing countries. Professor Bolnick will also be supported by Indian faculty members from different segments of Indian Insurance industry and the academic world. These Indian faculty members are authorities in their respective areas, and will be covering the challenges being faced by the insurance industry in India. View Resume |
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| Additional Faculty Members: |
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- Dr. Somil Nagpal (Special Officer Health Insurance – IRDA; Formerly WHO expert in Ministry of Health) View Resume
- Mr. S.K. Sethi (Founder of www.healthinsuranceindia.org; widely covered in business publications in India and abroad) View Resume
- Ms. Mandeep Maini (Expert on Healthcare IT and Independent Consultant on Health Insurance from Boston, USA) View Resume
- Dr. V. Ranjan (Director - Healthcare Management Institute. Pune, Formerly Associate Medical Director – BUPA UK) View Resume
- Mr. Aloke Gupta (Consultant – Health Insurance to USAID/Asian Development Bank) View Resume
- Mr. Abhijeet Chattoraj (Research Associate on Health Insurance – National Insurance Academy) View Resume
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| Executive Development Programme |
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| This programme is one of many to be organized by Insurance Foundation of India (IFI) with an aim to increase in-depth understanding of different topics/portfolios in the Insurance Industry. |
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| About Insurance Foundation of India (IFI) |
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| Insurance Foundation of India (IFI) is set up under Trust Registration Act 1882 of Government of India as a non-profit making organization. The main objective of IFI is to promote awareness of insurance in India through education and publishing of books in regional languages. |
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