Aeronautical and Space Insurance Course
Online course of 300 hours in aviation and space insurance. 6 modules covering the aerospace risk and insurance market, aviation insurance, space insurance, underwriting and risk assessment, and claims management, 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
Understand the structure of the aerospace insurance market.
Identify the covers applicable to aviation operations.
Analyse launch and in-orbit life insurance.
Apply the international air and space liability conventions.
Assess risks and estimate premiums using technical criteria.
Manage claims from notification to recovery.
Design a complete insurance programme for an operator.
Who it's for
- Aviation risk underwriters.
- Aerospace insurance brokers.
- Aviation loss adjusters.
- Airline risk managers.
- Space insurance analysts.
- Corporate insurance managers.
- Engineering or science graduates seeking to join insurers.
What you'll work with
- Regulation (EC) 785/2004 (insurance requirements for air carriers and aircraft operators)
- 1999 Montreal Convention (air carrier liability towards passengers)
- 1972 Liability Convention (international liability for damage caused by space objects)
- Annex 13 to the Chicago Convention (aircraft accident and incident investigation)
- Directive 2009/138/EC Solvency II (prudential regime for insurers)
- 1967 Outer Space Treaty (principles governing the activities of States in outer space)
- Spanish Law 50/1980 (insurance contracts)
- Implementing Regulation (EU) 2019/947 (rules and procedures for operating unmanned aircraft)
- Microsoft Excel
- Guidewire PolicyCenter
- ESA DISCOS
- Seradata SpaceTrak
- Power BI
6 modules
1.1Nature of aeronautical and space risk1.2Market structure: Lloyd's and insurers1.3Reinsurance and market capacity1.4Specialist aviation brokers1.5Principles of good faith and insurable risk1.6Historical loss record of aviation1.7Launch and in-orbit failures1.8Hard and soft market cycles1.9Insurance regulation and Solvency II1.10Case study: analysis of a fleet loss
2.1Aircraft hull policy2.2Third-party liability2.3Passenger liability2.4The 1999 Montreal Convention2.5Minimum insurance under Regulation 785/20042.6War risks and AVN exclusions2.7Pilot loss of licence insurance2.8Airport and handling insurance2.9Insurance for drones and UAS operations2.10Workshop: comparison of hull policies
3.1Pre-launch insurance3.2Launch and orbit-raising insurance3.3In-orbit life insurance3.4Third-party liability in launches3.5The 1972 Space Liability Convention3.6National space activities laws3.7Cross-waiver clauses3.8Collision and space debris risks3.9Insurance for low Earth orbit constellations3.10Practical exercise: premium calculation for a satellite
4.1Risk underwriting information4.2Rating factors in aviation4.3Launcher reliability and statistics4.4Agreed value and replacement value4.5Excesses and deductibles4.6Accumulation of risk at airports4.7Catastrophe modelling4.8Premiums and combined ratios4.9Maintenance as a risk factor4.10Case study: underwriting a regional airline
5.1Notification and first actions5.2Loss assessment and adjustment5.3Accident investigation under ICAO Annex 135.4Total loss and repairable partial loss5.5Subrogation and recoveries5.6International liability litigation5.7Passenger claims5.8Crisis management and communication5.9Lessons from major losses5.10Workshop: hull claim dossier
6.1Selection of the operator or mission6.2Identification of insurable risks6.3Design of the policy programme6.4Limits, deductibles and exclusions6.5Premium estimation6.6Legal and contractual requirements6.7Claims management protocol6.8Risk improvement plan6.9Report and presentation6.10Final project: final review with your tutor
How you'll learn
100% online training on the SEIUM campus, with downloadable material, recorded classes and an assigned technical tutor. There are no fixed timetables: you progress at your own pace within each intake, making it compatible with work.
Each module combines theory, guided reading of the original standard and applied exercises. The working software is Microsoft Excel, Guidewire PolicyCenter, ESA DISCOS, Seradata SpaceTrak and Power BI, in free, academic or evaluation versions. Practical work is based on real procedures: designing an airline insurance programme, calculating the launch premium for a satellite and adjusting a hull claim. Assessment is continuous by module plus the final capstone project.
Standards covered: Regulation (EC) 785/2004, 1999 Montreal Convention, 1972 Convention on International Liability for Damage Caused by Space Objects, Annex 13 to the Chicago Convention, Directive 2009/138/EC Solvency II, 1967 Outer Space Treaty, Spanish Law 50/1980 on Insurance Contracts, Implementing Regulation (EU) 2019/947.
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
- No prior qualification is required.
- An 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 300 hours over 3 months. You set your own pace within each intake, and your tutor helps you plan the workload around your job.
You work with Microsoft Excel, Guidewire PolicyCenter, ESA DISCOS, Seradata SpaceTrak and Power BI, using free, academic or evaluation versions. Your tutor indicates the free alternative wherever one exists.
A SEIUM Institute certificate, awarded on passing the continuous assessment and the final project. 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 are recognised in a higher programme in the same area (postgraduate diploma or master's). Ask about the recognition policy when you enrol.
No prior qualification is required; you need an internet connection, 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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