The Institute of Insurance and Risk Management (IIRM) is an educational and research organization, set up in the year 2002, by the Insurance Regulatory and Development Authority of India [IRDAI] in association with the Government of Andhra Pradesh, under a Memorandum of Understanding. IIRM has been incorporated as a company under Section 25 of the Companies Act, 1956. IRDAI has provided an endowment fund of Rupees ten crore to enable IIRM to commence its activities. Government of Andhra Pradesh has allotted 5.00 Acres of land free of cost in the Financial District, Gachibowli. Plans for constructing the campus, Administrative Block, hostel and other infrastructure are underway.
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