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Master’s in Compliance, Solvency & International Regulation Engineering

Online master's programme of 1,900 hours in Compliance, Solvency & International Regulation Engineering, structured in 12 modules covering insurance regulatory architecture, the three pillars of Solvency II, compliance, market conduct, operational resilience, accounting and reporting, comparative international regulation, sustainability, supervision and corporate governance, 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

Understand the international regulatory architecture of insurance.

02

Apply the three pillars of Solvency II.

03

Implement regulatory compliance management systems.

04

Oversee market conduct and product governance.

05

Comply with DORA, the AI Act and data protection rules.

06

Prepare accounting and regulatory information under IFRS 17.

07

Compare solvency regimes across jurisdictions.

Profile

Who it's for

  • Regulatory compliance officers in insurers and reinsurers.
  • Solvency analysts.
  • Risk managers.
  • Internal auditors in insurance.
  • Regulatory consultants.
  • Regulatory reporting managers.
  • Engineering or science graduates aiming to join insurers.
Standards & tools

What you'll work with

  • Directive 2009/138/EC (Solvency II)
  • Delegated Regulation (EU) 2015/35 (Solvency II implementing rules)
  • IFRS 17 (insurance contracts)
  • Law 20/2015 (Spanish Law on the regulation, supervision and solvency of insurers, LOSSEAR)
  • Directive (EU) 2016/97 (Insurance Distribution Directive, IDD)
  • Regulation (EU) 2022/2554 (Digital Operational Resilience Act, DORA)
  • ISO 37301:2021 (compliance management systems)
  • Law 10/2010 (Spanish anti-money laundering and counter-terrorist financing law)
  • Tagetik (Wolters Kluwer)
  • SAS Solvency II
  • Moody's RiskIntegrity
  • Power BI
  • Python
Syllabus

12 modules · 1900 h

  1. 1.1. Objectives of insurance regulation
  2. 1.2. IAIS and the Insurance Core Principles
  3. 1.3. European System of Financial Supervision
  4. 1.4. EIOPA and its role
  5. 1.5. National authorities and the DGSFP
  6. 1.6. The Lamfalussy legislative process
  7. 1.7. Regulatory and implementing technical standards
  8. 1.8. Guidelines and recommendations
  9. 1.9. Group supervision
  10. 1.10. Case study: regulatory map of a European insurance group
  1. 2.1. Economic balance sheet
  2. 2.2. Technical provisions: best estimate
  3. 2.3. Risk margin
  4. 2.4. Own funds and tiers
  5. 2.5. SCR standard formula
  6. 2.6. Market and underwriting risk modules
  7. 2.7. Minimum capital requirement
  8. 2.8. Long-term guarantee measures
  9. 2.9. Internal models
  10. 2.10. Practical exercise: simplified SCR calculation
  1. 3.1. System of governance
  2. 3.2. Key functions
  3. 3.3. Fit and proper requirements
  4. 3.4. ORSA
  5. 3.5. Remuneration policy
  6. 3.6. Outsourcing
  7. 3.7. SFCR report
  8. 3.8. RSR report
  9. 3.9. Quantitative reporting templates (QRT)
  10. 3.10. Case study: structure of an ORSA report
  1. 4.1. The compliance function
  2. 4.2. Compliance risk map
  3. 4.3. Compliance management systems according to ISO 37301
  4. 4.4. Criminal compliance and UNE 19601
  5. 4.5. Anti-money laundering
  6. 4.6. International sanctions
  7. 4.7. Anti-bribery according to ISO 37001
  8. 4.8. Whistleblowing channel and Law 2/2023
  9. 4.9. Compliance training and culture
  10. 4.10. Workshop: compliance risk map
  1. 5.1. Insurance Distribution Directive
  2. 5.2. Product oversight and governance
  3. 5.3. Insurance product information document
  4. 5.4. Insurance-based investment products
  5. 5.5. Conflicts of interest
  6. 5.6. Fair pricing practices
  7. 5.7. Complaints handling
  8. 5.8. Vulnerable customers
  9. 5.9. Conduct supervision
  10. 5.10. Practical exercise: review of a product's governance
  1. 6.1. DORA Regulation
  2. 6.2. ICT risk management
  3. 6.3. ICT incident reporting
  4. 6.4. Resilience testing
  5. 6.5. Critical ICT third-party providers
  6. 6.6. Cloud outsourcing
  7. 6.7. The AI Act and insurance
  8. 6.8. Data protection
  9. 6.9. Model risk
  10. 6.10. Case study: DORA compliance plan
  1. 7.1. IFRS 17: general model
  2. 7.2. Contractual service margin
  3. 7.3. Premium allocation approach
  4. 7.4. Variable fee approach
  5. 7.5. Transition to IFRS 17
  6. 7.6. IFRS 9 in insurers
  7. 7.7. Reconciliation between IFRS 17 and Solvency II
  8. 7.8. Spanish chart of accounts for insurers
  9. 7.9. External audit
  10. 7.10. Lab: calculating the contractual service margin
  1. 8.1. The UK regime after Brexit
  2. 8.2. Risk-based supervision in the USA
  3. 8.3. NAIC risk-based capital
  4. 8.4. Bermuda and its solvency regime
  5. 8.5. Switzerland and the SST
  6. 8.6. Asia-Pacific: capital regimes
  7. 8.7. Latin America and the adaptation of Solvency II
  8. 8.8. IAIS Insurance Capital Standard
  9. 8.9. Equivalence and mutual recognition
  10. 8.10. Practical exercise: comparing SCR, RBC and SST
  1. 9.1. SFDR Regulation
  2. 9.2. EU Taxonomy
  3. 9.3. CSRD and ESRS standards
  4. 9.4. Sustainability risks in Solvency II
  5. 9.5. Sustainability preferences under the IDD
  6. 9.6. Climate stress tests
  7. 9.7. Transition plans
  8. 9.8. Greenwashing
  9. 9.9. Supervision of climate risks
  10. 9.10. Case study: climate integration in the ORSA
  1. 10.1. Supervisory review process
  2. 10.2. On-site inspections
  3. 10.3. Requirements and measures
  4. 10.4. Penalty regime
  5. 10.5. Recovery plans
  6. 10.6. Resolution of insurers
  7. 10.7. Insurance guarantee schemes
  8. 10.8. Dialogue with the supervisor
  9. 10.9. Lessons from inspections
  10. 10.10. Workshop: preparing for a supervisory inspection
  1. 11.1. The board of directors in insurers
  2. 11.2. Audit and risk committees
  3. 11.3. Directors' liability
  4. 11.4. Three lines of defence
  5. 11.5. Internal audit
  6. 11.6. Risk appetite
  7. 11.7. Culture and ethics
  8. 11.8. Reporting to the board
  9. 11.9. Board evaluation
  10. 11.10. Practical exercise: risk appetite framework
  1. 12.1. Selection of the entity or regulatory problem
  2. 12.2. Analysis of the applicable framework
  3. 12.3. Compliance diagnosis
  4. 12.4. Impact quantification
  5. 12.5. Improvement proposals
  6. 12.6. Implementation plan
  7. 12.7. International comparative analysis
  8. 12.8. Conclusions
  9. 12.9. Master's Thesis report
  10. 12.10. Master'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 Tagetik (Wolters Kluwer), SAS Solvency II, Moody's RiskIntegrity, Power BI and Python, in free, academic or evaluation versions. Testing is studied through real procedures: SCR calculation with the standard formula, preparation of ORSA and SFCR reports and compliance diagnosis of an insurer. Assessment is continuous by module, plus the final Master's Thesis.

Standards covered: Directive 2009/138/EC (Solvency II), Delegated Regulation (EU) 2015/35, IFRS 17, Law 20/2015 (LOSSEAR), Directive (EU) 2016/97 (IDD), Regulation (EU) 2022/2554 (DORA), ISO 37301:2021 and Law 10/2010.

Assigned technical tutor:every module ends with a deliverable that your tutor marks individually.
Standards-based learning:guided reading of Solvency II (Directive 2009/138/EC and Delegated Regulation (EU) 2015/35) and IFRS 17 applied to real cases, not as a theoretical annex.
Industry software:Tagetik (Wolters Kluwer), SAS Solvency II, Moody's RiskIntegrity, Power BI and Python, in free, academic or evaluation versions.
Master's Thesis with defence:A regulatory project for an insurer or regulatory problem, with compliance diagnosis, impact quantification, improvement proposals and implementation 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.

Regulatory framework
Map the applicable regulatory framework for the selected entity or problem.
Compliance diagnosis
Carry out a compliance diagnosis covering Solvency II, IDD and DORA.
Impact quantification
Quantify the impact on the SCR, own funds and IFRS 17 results.
Improvements and implementation
Propose improvements and an implementation plan with international comparison.
Master's Thesis
Complete regulatory project, defended before a panel.
Career opportunities

Where this takes you

Regulatory compliance officerSolvency analystRisk managerInsurance internal auditorRegulatory consultantRegulatory reporting manager
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 Tagetik (Wolters Kluwer), SAS Solvency II, Moody's RiskIntegrity, Power BI and Python, 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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