Master’s in Business Lines & Verticals Engineering
Online master's programme of 1,900 hours in Business Lines and Verticals Engineering. 12 modules covering the insurance market, large-risk underwriting, motor and fleets, transport, energy and infrastructure, liability, cyber, agricultural and catastrophe risks, personal insurance, vertical analytics and reinsurance, with an assigned technical tutor.
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 structure and functioning of the insurance market.
Underwrite complex risks using technical criteria.
Design specific covers for each line of business.
Assess exposure and accumulations by vertical.
Apply data analytics to monitor each class of business.
Structure reinsurance programmes and allocate capital.
Prepare business plans for new insurance verticals.
Who it's for
- Large-risk underwriters handling complex industrial and commercial accounts.
- Risk engineers who survey, assess and advise on insured risks.
- Line of business managers responsible for portfolio results.
- Specialist insurance brokers placing programmes in niche markets.
- Technical insurance analysts monitoring profitability and exposure.
- International programme managers coordinating multinational covers.
- Engineering or science graduates aiming to enter general insurance.
What you'll work with
- Law 50/1980 (Spanish Insurance Contract Act)
- Law 20/2015 (LOSSEAR: regulation, supervision and solvency of insurers)
- Directive 2009/138/EC (Solvency II: insurer solvency framework)
- Royal Legislative Decree 7/2004 (legal statute of the Consorcio de Compensación de Seguros)
- Law 87/1978 (Spanish combined agricultural insurance)
- Law 14/2014 (Spanish Maritime Navigation Act)
- Incoterms 2020 (international trade delivery terms)
- Law 26/2007 (Spanish Environmental Liability Act)
- Guidewire
- Power BI
- Python
- Moody's RMS
- Advanced Excel with VBA
12 modules · 1900 h
1.1Life and non-life classes1.2Property and liability insurance1.3The Spanish and European markets1.4Lloyd's and the London market1.5Insurers, mutuals and captives1.6Brokers and agents1.7Specialty and large-risk insurance1.8The underwriting cycle and hard markets1.9Key industry indicators1.10Case study: analysis of the technical account of a class of business
2.1The commercial underwriting process2.2Risk questionnaires and surveys2.3Probable and estimated maximum loss2.4Risk engineering and recommendations2.5Coinsurance and participation lines2.6International programmes2.7Wordings and market clauses2.8Exclusions and sub-limits2.9Renewals and negotiation2.10Workshop: PML estimate for an industrial facility
3.1Compulsory motor insurance3.2Voluntary covers3.3Fleet insurance3.4Commercial vehicles3.5Shared mobility3.6Electric vehicles and batteries3.7Motor claims management3.8Inter-insurer agreements3.9Claims trends3.10Practical exercise: rating a delivery fleet
4.1Cargo insurance4.2Carrier's liability4.3Marine hull insurance4.4Aviation insurance4.5Rail risks4.6Warehouse and logistics insurance4.7Incoterms and cargo risk4.8General average4.9Recoveries in transport4.10Case study: cargo loss in multimodal transit
5.1Construction insurance (CAR/EAR)5.2Operational insurance (OAR)5.3Business interruption and ALOP5.4Renewable energy: wind and solar5.5Power grids and substations5.6Oil, gas and offshore5.7Infrastructure concessions5.8Engineering risks and machinery breakdown5.9Underwriting of financed projects5.10Practical exercise: insurance programme for a wind farm
6.1General liability6.2Product liability6.3Professional liability6.4Directors' and officers' liability (D&O)6.5Environmental liability6.6Claims-made and occurrence bases6.7Litigation and judicial trends6.8Serial losses6.9Emerging liability risks6.10Case study: analysis of a D&O policy
7.1The cyber threat landscape7.2Cyber insurance covers7.3Cyber underwriting7.4Systemic accumulation7.5Ransomware and extortion7.6Incident response7.7Cloud provider risk7.8Technology errors and omissions insurance7.9Cyber exposure models7.10Practical exercise: cyber underwriting questionnaire
8.1The Spanish agricultural insurance system8.2Agroseguro and the coinsurance pool8.3The Consorcio de Compensación de Seguros8.4Extraordinary risks8.5Natural perils8.6Parametric insurance8.7Catastrophe models8.8Pandemic and systemic risks8.9Protection gaps8.10Workshop: CCS compensation after a flood
9.1Protection and savings life insurance9.2Health and medical care insurance9.3Accident and funeral insurance9.4Supplementary pension provision9.5Group insurance9.6Insurance for athletes and high-risk occupations9.7Biometric tables9.8Unit-linked products9.9Bancassurance distribution9.10Case study: comparison of protection life products
10.1Key indicators by line of business10.2Pricing and underwriting by vertical10.3External data specific to each class10.4Exposure models10.5Profitability analysis by segment10.6Accumulation management10.7Claims analytics by line10.8Market benchmarking10.9BI tools10.10Practical exercise: dashboard by line of business
11.1Proportional and non-proportional structures11.2Facultative reinsurance11.3Programmes by line of business11.4Capital allocated by class11.5Solvency II by risk module11.6Risk-adjusted profitability11.7Business planning11.8Risk appetite by vertical11.9The underwriting committee11.10Case study: reinsurance programme by class
12.1Selection of the line of business12.2Market and competitor analysis12.3Risk profile assessment12.4Design of covers and wording12.5Rating model12.6Reinsurance strategy12.7Profitability and capital analysis12.8Commercial plan12.9Master's Thesis report12.10Master's Thesis: defence before a panel
How you'll learn
100% online training on the SEIUM campus, with downloadable materials, recorded classes and an assigned technical tutor. There are no fixed timetables: you progress at your own pace within each intake, so the programme is compatible with work.
Each module combines theory, guided reading of the original standard and applied exercises. The working software is Guidewire, Power BI, Python, Moody's RMS and advanced Excel with VBA, in free, academic or evaluation versions. Exercises are based on real procedures: underwriting a large industrial risk programme, profitability analysis by line of business, and design of a multi-class reinsurance programme. Assessment is continuous by module, plus the final Master's Thesis.
Standards covered: Law 50/1980 on Insurance Contracts, Law 20/2015 (LOSSEAR), Directive 2009/138/EC (Solvency II), Royal Legislative Decree 7/2004 (Statute of the Consorcio de Compensación de Seguros), Law 87/1978 on Combined Agricultural Insurance, Law 14/2014 on Maritime Navigation, Incoterms 2020 and Law 26/2007 on Environmental Liability.
Build it end to end
Your final project follows the real engineering workflow, step by step, reviewed by your tutor.
Where this takes you
Requirements
- University degree in engineering, science or architecture, or equivalent demonstrable professional experience.
- Internet connection and a computer capable of running the programme software.
- English sufficient to read technical standards.
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 1,900 hours over 12–14 months. You set your own pace within each intake, and your tutor helps you plan the workload around your job.
You work with Guidewire, Power BI, Python, Moody's RMS and advanced Excel with VBA, using free, academic or evaluation versions. Your tutor indicates the free alternative wherever one exists.
A SEIUM Institute diploma, awarded on passing the continuous assessment and the Master's Thesis. It is SEIUM's own qualification, not an official state degree; its recognition depends on the programme completed and the regulations of each country.
Yes. Modules passed in a course or postgraduate diploma in the same area are recognised in the higher programme. Ask about the recognition policy when you enrol.
A university degree in engineering, science or architecture, or equivalent professional experience, plus a suitable computer and English sufficient to read technical standards.
Start dates are set by SEIUM's faculty for each intake. Our admissions team will confirm the next available date when you apply.
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