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Course in Evaluating Insurtech Start-ups

Online 300 h course in evaluating insurtech start-ups. 6 modules covering Law 28/2022 on promoting the ecosystem of emerging companies, Law 7/2020 on the digital transformation of the financial system (sandbox) and advanced Excel (valuation models). Dedicated tutor and open enrolment.

Duration300 h
ModeOnline
Start datesOctober / March
LocationEurope (Madrid)
AwardSEIUM Institute diploma
Enrol now View syllabus Ask an advisor
Virtual lab · try it before you enrol

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Run a real engineering trade-off from this programme. Move the sliders, watch the model react in real time and beat the challenge.

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Learning outcomes

What you will be able to do

01

Analyse the team, product and market of an insurtech start-up.

02

Interpret metrics such as CAC, LTV, churn rate and combined ratio.

03

Build an economic model and a preliminary valuation of the company.

04

Identify regulatory risks arising from insurance distribution and DORA.

05

Assess third-party dependency and information security.

06

Negotiate the essential terms of an investment or collaboration agreement.

07

Design a monitoring plan with indicators after the investment.

Profile

Who it's for

  • Insurtech venture capital analyst who wishes to specialise in Evaluating Insurtech Start-ups.
  • Insurance innovation manager who wishes to specialise in Evaluating Insurtech Start-ups.
  • Start-up partnerships manager who wishes to specialise in Evaluating Insurtech Start-ups.
  • Corporate development analyst who wishes to specialise in Evaluating Insurtech Start-ups.
  • Technology due diligence consultant who wishes to specialise in Evaluating Insurtech Start-ups.
  • Corporate accelerator manager who wishes to specialise in Evaluating Insurtech Start-ups.
  • Engineering or science graduates seeking to enter insurance companies.
Standards & tools

What you'll work with

  • Law 28/2022 on promoting the ecosystem of emerging companies
  • Law 7/2020 on the digital transformation of the financial system (sandbox)
  • Directive (EU) 2016/97 on insurance distribution (IDD)
  • Regulation (EU) 2022/2554 (DORA)
  • Regulation (EU) 2016/679 (GDPR)
  • Directive 2009/138/EC (Solvency II), Art. 49 outsourcing
  • International Valuation Standards (IVS)
Syllabus

6 modules · 300 h

  1. 1.1What distinguishes an insurance start-up
  2. 1.2Models: carrier-owned, agent and provider
  3. 1.3Maturity stages and their financing
  4. 1.4Players: funds, accelerators and corporates
  5. 1.5Reasons for evaluating a start-up
  6. 1.6Differences between evaluating for investment or for collaboration
  7. 1.7Sector vocabulary and acronyms
  8. 1.8Available information sources
  9. 1.9Common evaluator biases
  10. 1.10Exercise: defining the evaluation thesis
  1. 2.1Competence of the founding team
  2. 2.2Sector and technical experience
  3. 2.3Problem addressed and its relevance
  4. 2.4Value proposition and differentiation
  5. 2.5Market size and initial segment
  6. 2.6Direct and indirect competition
  7. 2.7Actual product status and maturity
  8. 2.8Dependence on insurer partners
  9. 2.9Intellectual property and defensibility
  10. 2.10Practice: product and market analysis
  1. 3.1Growth and retention metrics
  2. 3.2Acquisition cost and customer value
  3. 3.3Insurance technical metrics: loss ratio and expenses
  4. 3.4Quality of the underwritten portfolio
  5. 3.5Unit margin and path to profitability
  6. 3.6Cash burn and financial runway
  7. 3.7Capital structure and dilution
  8. 3.8Projections and verification of assumptions
  9. 3.9Warning signs in the figures
  10. 3.10Practice: critical review of a financial model
  1. 4.1Required authorisations and their status
  2. 4.2Dependence on an insurer or reinsurer
  3. 4.3Compliance in distribution and data protection
  4. 4.4Use of artificial intelligence and its framework
  5. 4.5Solvency and capital requirements where applicable
  6. 4.6Operational and supplier risk
  7. 4.7Platform cybersecurity
  8. 4.8Litigation and contingencies
  9. 4.9Preparedness for regulatory change
  10. 4.10Practice: due diligence checklist
  1. 5.1Valuation and applicable methods
  2. 5.2Structure of the investment or agreement
  3. 5.3Common clauses and their effect
  4. 5.4Collaboration agreements with insurers
  5. 5.5Pilot test as a preliminary step
  6. 5.6Milestones, governance and monitoring
  7. 5.7Cultural and operational integration
  8. 5.8Exit scenarios
  9. 5.9Documentation of the decision
  10. 5.10Practice: recommendation report
  1. 6.1Choosing the start-up and the objective
  2. 6.2Team, product and market analysis
  3. 6.3Review of metrics and economic model
  4. 6.4Regulatory and operational due diligence
  5. 6.5Valuation and proposed structure
  6. 6.6Milestones and monitoring plan
  7. 6.7Identified risks and mitigation
  8. 6.8Reasoned recommendation
  9. 6.9Analysis report
  10. 6.10Project defence
Methodology, software & labs

How you'll learn

Fully online training (100 %) on the SEIUM campus, with downloadable material, recorded classes and assigned technical tutor. No fixed timetables: students progress at their own pace within the intake, which makes it possible to combine study with work.

Each module combines theory, guided reading of the original standard and applied exercises. The working software is advanced Excel (valuation models), PitchBook, Crunchbase, Python (pandas), in free, academic or evaluation versions. Case studies are based on real simulated investment committee procedures, due diligence of real emerging companies, cohort analysis and unit metrics. Assessment is continuous per module plus the final integrating project.

Accreditable laboratories(EN ISO/IEC 17025) with a rotor test rig, EMC/Lightning pre-compliance, HIL/SIL, vibration/acoustics.
Evidence-focused Master's Thesis:safety case, test plan, compliance dossier and operational limits.
Industry mentoring:lecturers with experience in formation flying, , eVTOL/UAM and flight test.
Flexible format(hybrid/online), international cohorts and support from SEIUM Career Services.
Ethics and safety:a safety-by-design approach, cyber-OT, DIH and compliance as core pillars.
Capstone project

Build it end to end

Your final project follows the real engineering workflow, step by step, reviewed by your tutor.

Choosing the start-up and the objective

Analyse the team, product and market of an insurtech start-up.

Team, product and market analysis

Interpret metrics such as CAC, LTV, churn rate and combined ratio.

Review of metrics and economic model

Build an economic model and a preliminary valuation of the company.

Regulatory and operational due diligence

Identify regulatory risks arising from insurance distribution and DORA.

Valuation and proposed structure

Assess third-party dependency and information security.

Career opportunities

Where this takes you

Insurtech venture capital analystInsurance innovation managerStart-up partnerships managerCorporate development analystTechnology due diligence consultantCorporate accelerator manager
Admissions & scholarships

Requirements

  • No prior degree is required.
  • Internet connection and a computer capable of running the programme's software.
  • Sufficient Spanish to follow technical regulatory texts.

Ready to start?

Send your application today. Our admissions team replies within 72 hours with your study plan and funding options.

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FAQ

Frequently asked questions

The programme comprises 300 h in total, spread over 3 to 5 months. That is an average of 10 to 15 hours per week, compatible with full-time work.

The course uses advanced Excel (valuation models), PitchBook, Crunchbase, Python (pandas). Free, academic or evaluation versions are used, and the tutor indicates the free alternative where one exists.

A SEIUM own diploma upon passing continuous assessment and the integrating project. It is in-house training, not an official qualification issued by the Ministry.

Yes. Modules passed in a course or postgraduate diploma in the same area are credited towards the advanced programme. Check the recognition policy when you enrol.

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