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CourseInsurance, Risk & Actuarial Data Applications open

Fundamentals of Transport Reinsurance Course

Online 300-hour course in fundamentals of transport reinsurance. 6 modules covering Directive 2009/138/EC (Solvency II), Law 20/2015 (LOSSEAR) and advanced Excel. Assigned tutor and open enrolment.

Duration300 h
ModeOnline
LanguageEnglish
Start datesSet by the faculty
AwardSEIUM Institute certificate
Enrol now View syllabus Ask an advisor
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Learning outcomes

What you will be able to do

01

Explain the role of reinsurance in transport lines.

02

Distinguish proportional and non-proportional structures.

03

Interpret the key clauses of a reinsurance contract.

04

Analyse portfolio data for reinsurance underwriting.

05

Calculate cessions and recoveries on transport claims.

06

Manage reinsurance operations and accounts.

07

Design a reinsurance programme for a transport portfolio.

Profile

Who it's for

  • Transport reinsurance technician looking to specialise in Fundamentals of Transport Reinsurance.
  • Cargo underwriter looking to specialise in Fundamentals of Transport Reinsurance.
  • Ceded reinsurance analyst looking to specialise in Fundamentals of Transport Reinsurance.
  • Marine reinsurance broker looking to specialise in Fundamentals of Transport Reinsurance.
  • Reinsurance claims manager looking to specialise in Fundamentals of Transport Reinsurance.
  • Hull underwriter looking to specialise in Fundamentals of Transport Reinsurance.
  • Graduates in engineering or sciences seeking to enter transport insurance.
Standards & tools

What you'll work with

  • Directive 2009/138/EC (Solvency II)
  • Law 20/2015 (LOSSEAR)
  • Institute Cargo Clauses 2009
  • Institute Time Clauses Hulls 1983
  • Law 14/2014 on Maritime Navigation
  • Principles of Reinsurance Contract Law (PRICL)
  • IFRS 17
Syllabus

6 modules · 300 h

  1. 1.1Why transport needs reinsurance
  2. 1.2Sums insured and line volatility
  3. 1.3Accumulations by vessel, port and warehouse
  4. 1.4War risks and their treatment
  5. 1.5Traditional markets for the line
  6. 1.6Players: cedant, reinsurer and broker
  7. 1.7Industry vocabulary and acronyms
  8. 1.8Market cycle and its effect
  9. 1.9Sources of information for the line
  10. 1.10Exercise: risk profile of a cargo portfolio
  1. 2.1Quota share for new portfolios
  2. 2.2Surplus and its use in cargo
  3. 2.3Per-risk excess of loss
  4. 2.4Per-event excess of loss
  5. 2.5Accumulation covers in transit
  6. 2.6Catastrophe covers for the line
  7. 2.7Combined programmes
  8. 2.8Appropriate retention by risk type
  9. 2.9Reinstatements and their cost
  10. 2.10Practice: design a structure for a portfolio
  1. 3.1Definition of event and of time in transport
  2. 3.2Warehouse accumulation clauses
  3. 3.3War and terrorism exclusions
  4. 3.4Sanctions clauses
  5. 3.5Claims and notice clause
  6. 3.6Records inspection clause
  7. 3.7Errors and omissions
  8. 3.8Arbitration and governing law
  9. 3.9Profit sharing
  10. 3.10Practice: critical review of a wording
  1. 4.1Information required by the reinsurer
  2. 4.2Portfolio statistics and their cleansing
  3. 4.3Sums insured profile
  4. 4.4Accumulation data and its quality
  5. 4.5Large loss experience
  6. 4.6Presenting the portfolio to the market
  7. 4.7Pricing the programme
  8. 4.8Negotiation of terms
  9. 4.9Placement and panel
  10. 4.10Practice: renewal dossier
  1. 5.1Technical accounts and their reconciliation
  2. 5.2Reporting large losses
  3. 5.3Reinsurance recoveries
  4. 5.4Management of catastrophe claims
  5. 5.5Coordination with loss adjusters and correspondents
  6. 5.6Reinsurer credit risk
  7. 5.7Prudential reporting of the programme
  8. 5.8Programme indicators
  9. 5.9Lessons learned after an event
  10. 5.10Practice: managing a claim under the programme
  1. 6.1Choice of transport portfolio
  2. 6.2Exposure and accumulation analysis
  3. 6.3Design of the reinsurance programme
  4. 6.4Proposed wording
  5. 6.5Market presentation dossier
  6. 6.6Cost and capital analysis
  7. 6.7Operations and reconciliation plan
  8. 6.8Monitoring indicators
  9. 6.9Programme report
  10. 6.10Project defence
Methodology, software & labs

How you'll learn

100 % online training on the SEIUM campus, with downloadable material, recorded classes and a dedicated technical tutor. No fixed timetable: 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, Sapiens ReinsuranceMaster, Power BI, Aon ReMetrica, in free, academic or evaluation versions. Case studies are based on real procedures for designing quota share and surplus programmes, calculating cessions on cargo claims and drafting reinsurance clauses. Assessment is continuous per module plus the final capstone project.

Accreditable laboratories(EN ISO/IEC 17025) with a rotor test rig, EMC/Lightning pre-compliance, HIL/SIL, vibration/acoustics.
Evidence-oriented Master's Thesis:safety case, test plan, compliance dossier and operational limits.
Industry-mentored:lecturers with careers 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, OT cybersecurity, DIH and compliance as pillars.
Capstone project

Build it end to end

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

Choice of transport portfolio

Explain the role of reinsurance in transport lines.

Exposure and accumulation analysis

Distinguish proportional and non-proportional structures.

Design of the reinsurance programme

Interpret the key clauses of a reinsurance contract.

Proposed wording

Analyse portfolio data for reinsurance underwriting.

Market presentation dossier

Calculate cessions and recoveries on transport claims.

Career opportunities

Where this takes you

Transport reinsurance technicianCargo underwriterCeded reinsurance analystMarine reinsurance brokerReinsurance claims managerHull underwriter
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 reading.

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 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 work with Advanced Excel, Sapiens ReinsuranceMaster, Power BI and Aon ReMetrica. Free, academic or evaluation versions are used, and the tutor indicates a free alternative where one exists.

A SEIUM diploma upon passing continuous assessment and the capstone 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. Check the credit transfer policy when you enrol.

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