Fundamentals of Transport Insurance Underwriting Course
Online 300-hour course in fundamentals of transport insurance underwriting. 6 modules covering Spanish Insurance Contract Law 50/1980, Institute Cargo Clauses 2009 (A, B and C) and Guidewire PolicyCenter. Assigned tutor and open enrolment.
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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.
What you will be able to do
Describe the role and process of underwriting in transport insurance.
Assess the risks of cargo, hulls and carrier liability.
Interpret policy conditions, limits and deductibles.
Calculate premiums in practice for different types of cover.
Apply loss prevention, inspection and reinsurance to underwriting.
Manage portfolio renewal and profitability.
Underwrite a complete transport risk from proposal to issue.
Who it's for
- Transport insurance underwriter looking to specialise in Fundamentals of Transport Insurance Underwriting.
- Cargo technician looking to specialise in Fundamentals of Transport Insurance Underwriting.
- Hull underwriter looking to specialise in Fundamentals of Transport Insurance Underwriting.
- Risk inspector looking to specialise in Fundamentals of Transport Insurance Underwriting.
- Broker specialised in transport looking to specialise in Fundamentals of Transport Insurance Underwriting.
- Transport portfolio manager looking to specialise in Fundamentals of Transport Insurance Underwriting.
- Graduates in engineering or sciences seeking to enter transport insurance.
What you'll work with
- Spanish Insurance Contract Law 50/1980
- Institute Cargo Clauses 2009 (A, B and C)
- Institute Time Clauses Hulls 1983
- Spanish Maritime Navigation Law 14/2014
- CMR Convention
- Montreal Convention of 1999
- Spanish Law 15/2009 on the contract for the land carriage of goods
6 modules · 300 h
1.1What an underwriter does and what they decide1.2Risk appetite and underwriting guidelines1.3Delegated authority and escalation of decisions1.4Adverse selection and anti-selection1.5Information: client declaration and verification1.6Duty of disclosure and consequences of its breach1.7Aggravation of risk during the policy period1.8The broker's role in providing information1.9Underwriter ethics and fair treatment1.10Workshop: reading an underwriting guideline
2.1Motor and fleets: key determining variables2.2Cargo: load, route and operator2.3Liability of the carrier and the freight forwarder2.4Warehousing and handling2.5Maritime, air and rail transport: basic concepts2.6Dangerous goods and their treatment2.7Special vehicles and machinery2.8Expected exposure, frequency and severity2.9Warning signs in a proposal2.10Practice: assessing three different proposals
3.1Choosing limits and sub-limits3.2Deductibles and their role in selection3.3Particular clauses and required warranties3.4Conditions precedent and loss prevention requirements3.5Geographical and temporal scope3.6Exclusions and their negotiation3.7Cover for third-party property3.8Co-insurance and distribution among insurers3.9Documenting the decision3.10Practice: drafting particular conditions
4.1Technical rate and the underwriter's room for manoeuvre4.2Client experience and its cleansing4.3Large losses and their treatment in quotation4.4Normalisation by exposure4.5Justified loadings and discounts4.6Quoting risks without own experience4.7Use of market benchmarks4.8Checking premium adequacy4.9Presenting the quotation to the client4.10Practice: complete quotation for a fleet
5.1Inspection visit and what to observe5.2Risk report and recommendations5.3Monitoring compliance with recommendations5.4Reinsurance: when and why to use it5.5Facultative and treaty: practical differences5.6Available capacity and its management5.7Accumulation and control of exposures5.8Collaboration with loss adjusters and claims5.9Feedback from claims to underwriting5.10Practice: inspection report of a warehouse
6.1Account and portfolio monitoring6.2Loss ratio and profitability indicators6.3Renewal: prior analysis and strategy6.4Negotiation with the client and the broker6.5Decision not to renew and its communication6.6Portfolio clean-up6.7Documentation and audit of underwriting6.8Continuing professional development for underwriters6.9Common mistakes made by those starting out in underwriting6.10Final project: complete underwriting file
How you'll learn
100% online training on the SEIUM campus, with downloadable material, recorded classes and an assigned technical tutor. No fixed timetables: students progress at their own pace within the intake, which makes it possible to combine the programme with work.
Each module combines theory, guided reading of the original standard and applied exercises. The working software is Guidewire PolicyCenter, MarineTraffic, advanced Excel, Power BI, in free, academic or evaluation versions. Case studies are based on real procedures for analysing cargo insurance proposals, warehouse and stowage risk inspections, and rating of floating policies. Assessment is continuous 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.
Describe the role and process of underwriting in transport insurance.
Assess the risks of cargo, hulls and carrier liability.
Interpret policy conditions, limits and deductibles.
Calculate premiums in practice for different types of cover.
Apply loss prevention, inspection and reinsurance to underwriting.
Where this takes you
Requirements
- No prior degree is required.
- Internet connection and a computer capable of running the programme's software.
- Sufficient command of 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.
Frequently asked questions
The programme comprises 300 hours in total, spread over 3 to 5 months. That is between 10 and 15 hours per week on average, compatible with a full-time job.
You will work with Guidewire PolicyCenter, MarineTraffic, advanced Excel and Power BI. Free, academic or evaluation versions are used, and the tutor indicates the open-source alternative where one exists.
An SEIUM own 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 credited towards the higher programme. Please consult the credit transfer policy when you enrol.
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