Course in Motor Insurance Product Design
300-hour online course in motor insurance product design. 6 modules covering Royal Legislative Decree 8/2004 (civil liability and vehicle insurance), Royal Decree 1507/2008 (Regulation on Compulsory Insurance) and Emblem (WTW). Personal tutor assigned and enrolment open.
Take the controls.
Run a real engineering trade-off from this field. Move the sliders, watch the model react in real time and beat the challenge.
What you will be able to do
Analyse the needs of motor customers and their segments.
Design the architecture of compulsory and voluntary guarantees.
Draft clear policy wordings with understandable limits and exclusions.
Calculate the price and actuarial economics of the product.
Integrate services and provider networks into the customer experience.
Meet product governance requirements and pre-contractual documentation obligations.
Develop a final project for a motor insurance product.
Who it's for
- Motor product manager who wants to specialise in Motor Insurance Product Design.
- Motor actuary who wants to specialise in Motor Insurance Product Design.
- Policy wording specialist who wants to specialise in Motor Insurance Product Design.
- Service network manager who wants to specialise in Motor Insurance Product Design.
- Motor market analyst who wants to specialise in Motor Insurance Product Design.
- Product compliance manager who wants to specialise in Motor Insurance Product Design.
- Graduates in engineering or science who wish to enter the motor insurance sector.
What you'll work with
- Royal Legislative Decree 8/2004 (civil liability and vehicle insurance)
- Royal Decree 1507/2008 (Regulation on Compulsory Insurance)
- Law 35/2015 (traffic compensation scale)
- Directive 2009/103/EC (motor vehicle insurance)
- Commission Delegated Regulation (EU) 2017/2358 (product governance)
- Commission Implementing Regulation (EU) 2017/1469 (IPID)
- Law 50/1980 on Insurance Contracts
6 modules · 300 h
1.1Profiles: private individual, self-employed, fleet and vehicle subscriber1.2Ownership, leasing, subscription and shared use1.3What customers really worry about when insuring their car1.4Touchpoints: purchase, use, breakdown and claim1.5Electric vehicles and new customer concerns1.6Manufacturer warranty and its interaction with insurance1.7Customer research and competitor analysis1.8Opportunities not covered by the market1.9Technical and regulatory design constraints1.10Workshop: defining the product concept
2.1Compulsory core and voluntary guarantees2.2Own damage: comprehensive cover, with and without excess2.3Glass breakage, theft and fire2.4Travel assistance and its levels2.5Legal defence and damages claims2.6Driver and occupant accident cover2.7Electric vehicle cover: battery, charging cable and charging2.8Replacement vehicle and alternative mobility2.9Modularity and customer configuration2.10Practice: designing the guarantee structure
3.1Drafting policy wordings in plain language3.2Critical definitions and their effect on claims3.3Exclusions: necessary, debatable and abusive3.4Excesses: fixed, percentage-based and tiered3.5Limits and sub-limits by guarantee3.6Depreciation and compensation criteria3.7Total loss and settlement value3.8Habitual driver and occasional drivers3.9Declared use and consequences of deviation3.10Practice: critical review of a policy wording
4.1Technical tariff by guarantee4.2Cost of assistance and included services4.3Acquisition and administration expenses4.4Target margin and sufficiency analysis4.5Pricing of the modular product and its combinations4.6Effect of the excess on pricing and selection4.7Adverse selection in optional guarantees4.8Simulation of the product's accounts4.9Sensitivity to repair cost inflation4.10Practice: economic model of the product
5.1Repairer network: own, contracted and free choice5.2Loss adjusting: in person, remote and automated5.3Repair timescales and customer commitments5.4Electric vehicle repair and sensor recalibration5.5Self-service for claim reporting and tracking5.6Support at critical moments5.7Measuring experience and consistency with the promise5.8Service costs and their control5.9Suppliers and service level agreements5.10Practice: designing the claims journey
6.1Product governance and monitoring6.2Target market and distribution strategy6.3Information document and marketing materials6.4Training the sales network6.5Customer testing before launch6.6Phased launch plan6.7Product scorecard6.8Periodic review and product evolution6.9Common errors in motor products6.10Final project: a complete motor product
How you'll learn
100 % online training on the SEIUM campus, with downloadable material, recorded classes and an assigned technical tutor. There are no fixed timetables: students progress at their own pace within the intake, which makes it compatible with work.
Each module combines theory, guided reading of the original standard and applied exercises. The working software is Emblem (WTW), R, Python (pandas), advanced Excel, in free, academic or evaluation versions. Tests are studied using real procedures for designing guarantee architecture, drafting and testing policy wordings, and motor pricing models. Assessment is continuous, module by module, plus the final integrating project.
Build it end to end
Your final project follows the real engineering workflow, step by step, reviewed by your tutor.
Analyse the needs of motor customers and their segments.
Design the architecture of compulsory and voluntary guarantees.
Draft clear policy wordings with understandable limits and exclusions.
Calculate the price and actuarial economics of the product.
Integrate services and provider networks into the customer experience.
Where this takes you
Requirements
- No previous degree is required.
- Internet connection and a computer capable of running the programme's software.
- Sufficient Spanish to follow technical regulatory reading.
Ready to start?
Send your application today. Our admissions team replies within 72 hours with your study plan and funding options.
Frequently asked questions
The programme totals 300 hours, spread over 3 to 5 months. That is between 10 and 15 hours a week on average, compatible with a full-time job.
You will work with Emblem (WTW), R, Python (pandas) and advanced Excel. Free, academic or evaluation versions are used, and the tutor will indicate the free alternative where one exists.
A SEIUM diploma upon passing the continuous assessment and the integrating project. It is in-house training, not an official Ministry qualification.
Yes. Modules passed in a course or postgraduate diploma in the same area are recognised in the higher programme. Please check the recognition policy when you enrol.
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