The National Insurance Academy (NIA Pune also known as NIA) is situated in Pune, India. It is a capacity builder in Insurance Sector of Asia and Africa founded in 1980 by the Finance Department of the Indian government with capital patronage from LIC and public sector general insurance industry. NIA started MBA education as a lateral diversification from 2004 with Dr K C Mishra as the founder director and Dr R K Parchure as MBA Coordinator, who was soon replaced by Dr S D Totade. After the tenure of Dr K C Mishra, the Academy had Dr. Prathap Oburai from IIM Ahamedabad as the new Director. During his stint here, Dr. Oburai had promised the students to elevate the academy to top 10 B-Schools of India with strong international collaborations. Currently Dr. Achintan Bhattacharya, Joint Secretary, Department of Financial Services, Ministry of Finance has assumed the charge of Interim Director, National Insurance Academy. NIA runs a very prestigious and Industry recognized AICTE Approved PGDM course(Equivallent to MBA as per AIU).It provides a dual specialization (Insurance + Finance/Marketing/HR/IT).
Now Mr G N Bajpai is the main guiding force of the academy with professors of international repute like Dr D B Phatak actively behind him.By rotation Mr M Ramadoss (New India CMD) has become the Chairman of NIA Governing Board, mostly the academy is controlled by LIC, GIC & public sector insurance companies like National Insurance Company Ltd,Oriental Insurance Company Ltd,New India Assurance Company Limited,United India Insurance Company Limited and who are responsible for all major revenue generating operations of the academy. A main source of income of the academy is arranged by IRDA in the form of Broker's training and examination programs.Also the MDP programme for top executives of insurance companies are a major contributor to funds generated by NIA
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