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Master'sInsurance, Risk & Actuarial Data Applications open

Master’s in Compliance and Technical Auditing Engineering

Online master's programme of 1,900 hours in Compliance and Technical Audit Engineering, structured in 12 modules covering technical audit fundamentals, compliance in insurers, underwriting, claims and actuarial audit, IT systems and data, technical risk audit, distribution audit, internal control and the three lines, external and supervisory audit, and advanced audit analytics, with an assigned technical tutor.

Duration1900 h
ModeOnline
LanguageEnglish
Start datesSet by the faculty
AwardSEIUM Institute diploma
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Learning outcomes

What you will be able to do

01

Apply technical audit principles according to ISO 19011.

02

Implement compliance systems in insurance undertakings.

03

Audit underwriting and claims processes.

04

Review the actuarial function and technical provisions.

05

Audit information systems, data and models.

06

Assess internal control under the three lines model.

07

Apply advanced analytics and process mining to audit.

Profile

Who it's for

  • Internal auditors in insurance.
  • Compliance officers.
  • Technical claims auditors.
  • Actuarial reviewers.
  • IT systems auditors.
  • Internal control consultants.
  • Engineering or science graduates aiming to join insurers.
Standards & tools

What you'll work with

  • ISO 19011:2018 (guidelines for auditing management systems)
  • ISO 37301:2021 (compliance management systems)
  • Directive 2009/138/EC (Solvency II)
  • UNE 19601:2017 (criminal compliance management systems)
  • IIA International Professional Practices Framework
  • COSO 2013 Internal Control – Integrated Framework
  • Directive (EU) 2016/97 (Insurance Distribution Directive, IDD)
  • Law 22/2015 (Spanish Audit Law)
  • CaseWare IDEA
  • ACL Analytics (Diligent)
  • Celonis
  • TeamMate+
  • Power BI
Syllabus

12 modules · 1900 h

  1. 1.1Technical audit versus financial audit
  2. 1.2Audit principles according to ISO 19011
  3. 1.3Auditor independence and ethics
  4. 1.4Types of audit: first, second and third party
  5. 1.5Risk-based planning
  6. 1.6Audit evidence
  7. 1.7Statistical sampling
  8. 1.8Working papers
  9. 1.9Communicating findings
  10. 1.10Case study: audit plan for a technical function
  1. 2.1Compliance framework in insurance
  2. 2.2The compliance function
  3. 2.3Compliance risk management
  4. 2.4ISO 37301 in practice
  5. 2.5Criminal compliance and corporate criminal liability
  6. 2.6Anti-money laundering in life insurance
  7. 2.7Customer protection
  8. 2.8Sanctions and embargoes
  9. 2.9Compliance indicators
  10. 2.10Practical exercise: compliance control matrix
  1. 3.1Underwriting policies
  2. 3.2Underwriting authority and limits
  3. 3.3File review
  4. 3.4Consistency between tariff and price applied
  5. 3.5Clauses and wordings
  6. 3.6Accumulations and aggregates
  7. 3.7Delegated underwriting and MGAs
  8. 3.8Policy data quality
  9. 3.9Underwriting indicators
  10. 3.10Workshop: sampling underwriting files
  1. 4.1Claim opening and reserving processes
  2. 4.2Case reserves
  3. 4.3Payments and authorisations
  4. 4.4Claims leakage
  5. 4.5Management of suppliers and loss adjusters
  6. 4.6Recoveries
  7. 4.7Internal fraud
  8. 4.8Settlement times
  9. 4.9Customer satisfaction
  10. 4.10Case study: leakage audit of home insurance claims
  1. 5.1The actuarial function under Solvency II
  2. 5.2Review of technical provisions
  3. 5.3Opinion on underwriting policy
  4. 5.4Opinion on reinsurance
  5. 5.5Validation of assumptions
  6. 5.6Actuarial data quality
  7. 5.7Review of pricing models
  8. 5.8Actuarial standards of practice
  9. 5.9Actuarial function report
  10. 5.10Practical exercise: review of a best estimate
  1. 6.1IT general controls
  2. 6.2Application controls
  3. 6.3Access management
  4. 6.4Change management
  5. 6.5Systems continuity
  6. 6.6Data quality audit
  7. 6.7Audit of AI models
  8. 6.8Cybersecurity and DORA
  9. 6.9Audit data analytics tools
  10. 6.10Lab: data analysis with IDEA
  1. 7.1Industrial risk inspections
  2. 7.2Verification of recommendations
  3. 7.3Risk engineering audit
  4. 7.4Fire protection standards
  5. 7.5Inspection of installations
  6. 7.6Valuation of sums insured
  7. 7.7Machinery risk audit
  8. 7.8Natural hazards and protections
  9. 7.9Technical reports
  10. 7.10Case study: audit of risk recommendations
  1. 8.1Agent and broker networks
  2. 8.2Training requirements for distributors
  3. 8.3Product governance
  4. 8.4Pre-contractual information
  5. 8.5Remuneration and conflicts of interest
  6. 8.6Bancassurance and cross-selling
  7. 8.7Digital channels
  8. 8.8Complaints and claims
  9. 8.9Conduct supervision
  10. 8.10Practical exercise: IDD compliance audit of an agent network
  1. 9.1The IIA Three Lines Model
  2. 9.2COSO internal control framework
  3. 9.3Control design
  4. 9.4Effectiveness testing
  5. 9.5Control self-assessment
  6. 9.6Issue management
  7. 9.7Risk and control indicators
  8. 9.8Reports to the audit committee
  9. 9.9Follow-up of recommendations
  10. 9.10Workshop: assessing the effectiveness of a control
  1. 10.1Statutory audit of insurers
  2. 10.2Review of the SFCR
  3. 10.3Audit of technical provisions
  4. 10.4DGSFP inspections
  5. 10.5Information requests
  6. 10.6Supervisory action plans
  7. 10.7Relationship with the external auditor
  8. 10.8Audit quality
  9. 10.9Lessons from inspections
  10. 10.10Case study: responding to a supervisory request
  1. 11.1Continuous auditing
  2. 11.2Full-population analytics
  3. 11.3Anomaly detection
  4. 11.4Process mining
  5. 11.5Artificial intelligence in audit
  6. 11.6Visualising findings
  7. 11.7Test automation
  8. 11.8Risks of AI-assisted auditing
  9. 11.9Skills of the digital auditor
  10. 11.10Practical exercise: process mining of a claims process
  1. 12.1Selection of the audited area
  2. 12.2Process risk analysis
  3. 12.3Design of the audit programme
  4. 12.4Test execution
  5. 12.5Data analysis
  6. 12.6Findings and recommendations
  7. 12.7Action plan
  8. 12.8Conclusions
  9. 12.9Master's Thesis report
  10. 12.10Master's Thesis: defence before a panel
Methodology, software & labs

How you'll learn

100% online training on the SEIUM campus, with downloadable material, recorded classes and an assigned technical tutor. No fixed timetables: you progress at your own pace within the intake, so you can combine it with your job.

Each module combines theory, guided reading of the original standard and applied exercises. The working software is CaseWare IDEA, ACL Analytics (Diligent), Celonis, TeamMate+ and Power BI, in free, academic or evaluation versions. Testing is studied through real procedures: auditing underwriting and claims processes, reviewing technical provisions and the actuarial function, and continuous auditing with data analytics. Assessment is continuous by module, plus the final Master's Thesis.

Standards covered: ISO 19011:2018, ISO 37301:2021, Directive 2009/138/EC (Solvency II), UNE 19601:2017, IIA International Professional Practices Framework, COSO 2013, Directive (EU) 2016/97 (IDD) and Law 22/2015.

Assigned technical tutor:every module ends with a deliverable that your tutor marks individually.
Standards-based learning:guided reading of ISO 19011:2018, ISO 37301:2021 and Solvency II applied to real cases, not as a theoretical annex.
Industry software:CaseWare IDEA, ACL Analytics (Diligent), Celonis, TeamMate+ and Power BI, in free, academic or evaluation versions.
Master's Thesis with defence:An audit of a selected insurance area, from process risk analysis and audit programme design to tests, data analysis, findings and action plan, defended before a panel.
Flexible format:100% online, no fixed timetables, compatible with full-time work.
Capstone project

Build it end to end

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

Risk analysis
Analyse the risks of the selected process and define the audit scope.
Audit programme
Design a risk-based audit programme with sampling and tests.
Tests and data analysis
Execute the tests and analyse full populations with IDEA or process mining.
Findings and action plan
Report findings and recommendations with a follow-up action plan.
Master's Thesis
Complete technical audit project, defended before a panel.
Career opportunities

Where this takes you

Insurance internal auditorCompliance officerTechnical claims auditorActuarial reviewerIT systems auditorInternal control consultant
Admissions & scholarships

Requirements

  • A university degree in engineering, science or architecture, or equivalent demonstrable professional experience.
  • An internet connection and a computer capable of running the programme's 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.

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FAQ

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 CaseWare IDEA, ACL Analytics (Diligent), Celonis, TeamMate+ and Power BI, 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), a computer able to run the programme's software 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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