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CourseInsurance, Risk & Actuarial Data Applications open

Course on Reinsurance Contract Models

Online course of 300 h in reinsurance contract models. 6 modules covering Principles of Reinsurance Contract Law (PRICL), Ley 50/1980 (Contrato de Seguro, arts. 77 to 79) and Whitespace. Assigned tutor and open enrolment.

Duration300 h
ModeOnline
LanguageEnglish
Start datesSet by the faculty
AwardSEIUM Institute certificate
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Learning outcomes

What you will be able to do

01

Analyse the structure and elements of a reinsurance contract.

02

Compare the main treaty models.

03

Interpret common clauses such as loss occurrence, follow the fortunes and arbitration.

04

Adapt a wording to the needs of the cedant and the reinsurer.

05

Negotiate terms when the contract is renewed.

06

Manage conflicts and disputes throughout the contract's life cycle.

07

Draft a complete reinsurance contract in an integrative project.

Profile

Who it's for

  • Reinsurance contract technicians who want to specialise in Reinsurance Contract Models.
  • Reinsurance lawyers who want to specialise in Reinsurance Contract Models.
  • Reinsurance brokers who want to specialise in Reinsurance Contract Models.
  • Treaty underwriters who want to specialise in Reinsurance Contract Models.
  • Contract certainty managers who want to specialise in Reinsurance Contract Models.
  • Reinsurance dispute managers who want to specialise in Reinsurance Contract Models.
  • Engineering or science graduates looking to enter the reinsurance sector.
Standards & tools

What you'll work with

  • Principles of Reinsurance Contract Law (PRICL)
  • Ley 50/1980 (Contrato de Seguro, arts. 77 a 79)
  • Market Reform Contract (MRC)
  • Reglamento (CE) 593/2008 (Roma I)
  • Ley 60/2003 (Arbitraje)
  • Reglas de arbitraje de ARIAS UK
Syllabus

6 modules · 300 h

  1. 1.1Parties and their identification
  2. 1.2Subject matter and scope of cover
  3. 1.3Period and basis of cover
  4. 1.4Territory and classes included
  5. 1.5Limits, priorities and shares
  6. 1.6Premiums, commissions and their payment
  7. 1.7Information obligations
  8. 1.8Sector vocabulary and acronyms
  9. 1.9Annexes and supplementary documents
  10. 1.10Exercise: identify the parties to a contract
  1. 2.1Quota share treaty
  2. 2.2Surplus treaty
  3. 2.3Excess of loss treaty
  4. 2.4Excess of loss ratio treaty
  5. 2.5Facultative contracts and their documentation
  6. 2.6Facultative obligatory contracts
  7. 2.7Multi-year programmes
  8. 2.8Class-specific contracts
  9. 2.9Market models and their use
  10. 2.10Practice: compare two treaty models
  1. 3.1Definition of sinister and event
  2. 3.2Luck tracking clause
  3. 3.3Claims in progress
  4. 3.4Serious Claims Warning Clause
  5. 3.5Error and omission clause
  6. 3.6Record Inspection Clause
  7. 3.7Insolvency clause
  8. 3.8Sanctions Clause
  9. 3.9Arbitration and applicable law
  10. 3.10Practice: Write a set of clauses
  1. 4.1Negotiation Preparation
  2. 4.2Usually negotiated points
  3. 4.3Adaptation to the client's portfolio
  4. 4.4SPECIAL CLAUSES AND YOUR RISK
  5. 4.5Coherence between program treaties
  6. 4.6Coverage gaps between layers
  7. 4.7Legal review of the contract
  8. 4.8Signature and shares
  9. 4.9Modification management
  10. 4.10Practice: Detect a cover gap
  1. 5.1Entry into force and coverage period
  2. 5.2Claims management under the Treaty
  3. 5.3Accounts and payments
  4. 5.4Renewal and renegotiation
  5. 5.5Rescission and its effects
  6. 5.6Portfolio pending after termination
  7. 5.7Interpretation disputes
  8. 5.8Arbitration and its development
  9. 5.9Archive and conservation
  10. 5.10Practice: Analysis of an interpretation dispute
  1. 6.1Choice of portfolio and structure
  2. 6.2Drafting of the complete contract
  3. 6.3Clauses adapted to the case
  4. 6.4Program consistency review
  5. 6.5Identification of legal risks
  6. 6.6Negotiation plan
  7. 6.7Management procedure and accounts
  8. 6.8Strategy in the face of disputes
  9. 6.9Contract memory
  10. 6.10Defense of work
Methodology, software & labs

How you'll learn

A 100% online programme 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 allows the course to be combined with work.

Each module combines theory, guided reading of the original standard and applied exercises. The working software is Whitespace, Microsoft Word (version control), advanced Excel, Sapiens Reinsurance, in free, academic or evaluation versions. Practicals are based on real procedures for drafting treaty wordings, simulated renewal negotiations, and analysis of disputes and arbitrations. Assessment is continuous by module, plus a final integrative project.

Accredited 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 training, , 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, with OT cyber security, 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.

Selection of portfolio and structure

Analyse the structure and elements of a reinsurance contract.

Drafting the complete contract

Compare the main treaty models.

Clauses tailored to the case

Interpret common clauses such as loss occurrence, follow the fortunes and arbitration.

Review of programme consistency

Adapt a wording to the needs of the cedant and the reinsurer.

Identification of legal risks

Negotiate terms when the contract is renewed.

Career opportunities

Where this takes you

Reinsurance contract technicianReinsurance lawyerReinsurance brokerTreaty underwriterContract certainty managerReinsurance dispute manager
Admissions & scholarships

Requirements

  • No prior qualification 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 hours in total, spread over 3 to 5 months. That is between 10 and 15 hours a week on average, compatible with a full-time job.

The course uses Whitespace, Microsoft Word (version control), advanced Excel and Sapiens Reinsurance. Free, academic or evaluation versions are used, and the tutor will indicate the free alternative where one exists.

An own-award diploma from SEIUM Institute upon passing the continuous assessment and the integrative project. It is institute-specific training, not an official qualification from the Ministry.

Yes. Modules passed in a course or postgraduate diploma in the same area can be credited towards the advanced programme. Check the credit transfer policy when you enrol.

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