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Postgraduate DiplomaInsurance, Risk & Actuarial Data Applications open

Postgraduate Diploma in On-Demand Insurance: Activation Models and Scalability

Online 800-hour postgraduate diploma in On-Demand Insurance: Activation Models and Scalability. 8 modules covering Directive (EU) 2016/97 (IDD), Directive (EU) 2023/2673 (distance financial services contracts) and AWS Lambda. Assigned tutor and enrolment open.

Duration800 h
ModeOnline
AwardSEIUM Institute diploma
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Learning outcomes

What you will be able to do

01

Characterise on-demand insurance compared with traditional annual insurance.

02

Design manual, automatic and event-based activation models.

03

Calculate rates per unit of use and period of cover.

04

Define API-based and microservices architectures for instant issuance.

05

Plan the technical and commercial scalability of the product.

06

Ensure pre-contractual information and customer protection in distance contracting.

07

Organise the operation and digital management of claims.

Profile

Who it's for

  • Digital insurance product owner looking to specialise in On-Demand Insurance: Activation Models and Scalability.
  • Insurtech platform architect looking to specialise in On-Demand Insurance: Activation Models and Scalability.
  • Usage-based pricing actuary looking to specialise in On-Demand Insurance: Activation Models and Scalability.
  • Digital compliance manager looking to specialise in On-Demand Insurance: Activation Models and Scalability.
  • Digital claims operations manager looking to specialise in On-Demand Insurance: Activation Models and Scalability.
  • Insurtech business growth manager looking to specialise in On-Demand Insurance: Activation Models and Scalability.
  • Engineering or science graduates looking to enter insurtech.
Standards & tools

What you'll work with

  • Directive (EU) 2016/97 (IDD)
  • Directive (EU) 2023/2673 (distance financial services contracts)
  • Ley 50/1980 de Contrato de Seguro
  • Directive (EU) 2015/2366 (PSD2, payment services)
  • Regulation (EU) 2022/2554 (DORA)
  • Regulation (EU) 2016/679 (GDPR)
  • ISO/IEC 27001 (information security)
Syllabus

8 modules · 800 h

  1. 1.1Concept of on-demand and usage-based insurance
  2. 1.2Differences from traditional annual insurance
  3. 1.3Use cases: travel, objects, vehicles and events
  4. 1.4Digital consumer behaviour
  5. 1.5Manual, automatic and context-based activation
  6. 1.6Insurtech ecosystem and carrier insurers
  7. 1.7Business models and revenue sources
  8. 1.8Risks of the on-demand model
  9. 1.9International reference cases
  10. 1.10Case study: analysis of an on-demand travel product
  1. 2.1Activation via an in-app switch
  2. 2.2Activation via geolocation and geofences
  3. 2.3Activation via IoT device events
  4. 2.4Activation integrated into transactions
  5. 2.5Policies per minute, day or use
  6. 2.6Rules for the start and end of cover
  7. 2.7Managing overlaps and gaps
  8. 2.8Detecting opportunistic activations
  9. 2.9User experience and friction
  10. 2.10Workshop: designing geofence activation rules
  1. 3.1Granular exposure units
  2. 3.2Price per minute and per kilometre
  3. 3.3Seasonality and usage patterns
  4. 3.4Adverse selection risk in activation
  5. 3.5Frequency models with short exposure
  6. 3.6Context- and timing-based surcharges
  7. 3.7Dynamic pricing and elasticity
  8. 3.8Profitability per activation
  9. 3.9Actuarial validation of the product
  10. 3.10Practice: per-minute cover premium model
  1. 4.1Microservices-based architecture
  2. 4.2Real-time issuance and quoting APIs
  3. 4.3Event-driven architectures
  4. 4.4Business rules engines
  5. 4.5Integration with core systems
  6. 4.6Identity and payment management
  7. 4.7High-availability databases
  8. 4.8Observability and monitoring
  9. 4.9Security and compliance
  10. 4.10Laboratory: policy activation and deactivation API
  1. 5.1Cloud scaling and elasticity
  2. 5.2Costs per transaction
  3. 5.3End-to-end process automation
  4. 5.4Managing demand peaks
  5. 5.5Expansion into new markets
  6. 5.6European passport and freedom to provide services
  7. 5.7Reinsurance of on-demand portfolios
  8. 5.8Partnerships with digital platforms
  9. 5.9Growth indicators and unit economics
  10. 5.10Practice: unit economics model for a product
  1. 6.1Insurance Distribution Directive (IDD)
  2. 6.2Real-time pre-contractual information
  3. 6.3Electronic contracting and consent
  4. 6.4Customer demands and needs
  5. 6.5Product oversight and governance (POG)
  6. 6.6GDPR and location data
  7. 6.7Price transparency
  8. 6.8Complaints management
  9. 6.9Supervision of digital models
  10. 6.10Case study: POG review of a usage-based insurance product
  1. 7.1Claims notification from the app
  2. 7.2Verification of active cover
  3. 7.3Claims settlement automation
  4. 7.4Fraud linked to late activations
  5. 7.5Contextual data for validating claims
  6. 7.6Digital customer service and chatbots
  7. 7.7Service and satisfaction indicators
  8. 7.8Continuous improvement using usage data
  9. 7.9Technical incident management
  10. 7.10Practice: claims workflow with activation verification
  1. 8.1Defining the use case
  2. 8.2Designing the activation model
  3. 8.3Pricing model
  4. 8.4Technical architecture
  5. 8.5Regulatory analysis
  6. 8.6Scaling plan
  7. 8.7Financial model
  8. 8.8Launch plan
  9. 8.9Written report and presentation
  10. 8.10Final review with the tutor
Methodology, software & labs

How you'll learn

Fully 100 % online training on the SEIUM Institute campus, with downloadable material, recorded classes and an assigned technical tutor. There are 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 AWS Lambda, Kubernetes, Stripe, Postman, Mixpanel, in free, academic or evaluation versions. Practical work is based on real-world procedures: designing a geolocation-based activation flow, load testing a policy issuance API and simulating per-minute usage rates. Assessment is continuous across modules, plus a final integrative project.

Accreditable laboratories(EN ISO/IEC 17025) with rotor test rig, EMC/Lightning pre-compliance, HIL/SIL, vibration/acoustics.
Evidence-oriented final project:safety case, test plan, compliance dossier and operational limits.
Industry mentoring:teaching staff with experience 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, cyber-OT, DIH and compliance as its core pillars.
Capstone project

Build it end to end

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

Defining the use case

Characterise on-demand insurance compared with traditional annual insurance.

Designing the activation model

Design manual, automatic and event-based activation models.

Pricing model

Calculate rates per unit of use and period of cover.

Technical architecture

Define API-based and microservices architectures for instant issuance.

Regulatory analysis

Plan the technical and commercial scalability of the product.

Career opportunities

Where this takes you

Digital insurance product ownerInsurtech platform architectUsage-based pricing actuaryDigital compliance managerDigital claims operations managerInsurtech business growth manager
Admissions & scholarships

Requirements

  • Prior technical training or professional experience in the sector. No university degree is required.
  • Internet connection and a computer capable of running the programme's software.
  • Sufficient 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.

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FAQ

Frequently asked questions

The programme totals 800 hours spread over 6 to 8 months. That is an average of 10 to 15 hours per week, compatible with a full-time job.

The programme uses AWS Lambda, Kubernetes, Stripe, Postman and Mixpanel. Free, academic or evaluation versions are used, and the tutor indicates the free alternative where one exists.

A SEIUM Institute own diploma upon passing the continuous assessment and the final integrative project. It is in-house training, not an official Ministry title.

Yes. Modules passed in a Course or Postgraduate Diploma in the same area are credited towards the higher-level programme. Check the credit transfer policy when you enrol.

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