The National Insurance Academy (NIA Pune also known as NIA) is situated in Pune, India. 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 Ahmedabad 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. NIA runs a PGDM course. It provides a dual specialization (Insurance + Finance/Marketing/HR/IT). 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. Evolution of NIA NIA was functioning from Mumbai until 1990 and moved to its beautiful campus at Pune in the early 1990s. The academy is now an integrated management school with training, education, publications, research, consultancy and regulatory advisory services. Life Insurance, General Insurance, Reinsurance, Health Insurance, Crop Insurance, Credit Insurance, Pensions, Actuarial Services, Insurance Investment, Market research for insurance companies, developing insurance institutions and leadership for succession planning and Insurance regulatory compliance are the fields covered by the academy. The earlier Director (Late Dr. PS Palande - Retd Commissioner of Pune) had already positioned NIA on the international map. Later Kailash Chandra Mishra took over as the Director of the academy from 1999 and spearheaded the academy till August 2009. Conceptual innovations The academy has developed 7A framework for the organizational structure of insurance, 7P framework for the underwriting structure of insurance and 7E framework for the value structure of insurance. Institutional expansion Apart from the mother institution NIA, the academy houses an MBA program NIASoM, a producer development program (NIASPD), a pension research program (NIAPRI). NIA is also the statutory examining body for insurance brokers in India as per IRDA Regulation. The academy is home for historically famous Lloyd's Box symbolic of a Syndicate at old Lloyd's of London. History of Lloyd's Box Lloyd's Box is essentially a set of historical Lloyd's Tables. The Lloyd's Box at