Insurance Institute of India (III) is a Research Centre for Ph.D. Degree in Business Management (Commerce) recognized by the University of Mumbai.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. In its role as an leading education and training provider I.I.I. is closely associated with all the segments of the insurance industry which includes Insurance regulatory authority of india, public and private sector insurance companies.