Course in Solvency Assessment in Emerging Markets
Online 300-hour course in solvency assessment in emerging markets. 6 modules covering IAIS Insurance Core Principles (ICP), IAIS ComFrame and advanced Excel. Assigned tutor and open enrolment.
Course in Solvency Assessment in Emerging Markets — studying from Australia
Australia has a mature insurance and superannuation sector, with major insurers, reinsurers and financial institutions relying heavily on actuarial analysis and risk modelling. Engineers and data specialists contribute to catastrophe modelling, telematics-based pricing and claims analytics, particularly given the country's exposure to bushfire, flood and cyclone risk. The regulatory environment is shaped by prudential oversight and consumer protection frameworks. Employers include general and life insurers, consultancies, reinsurance firms and government risk agencies.
Fees for Australia: A$868 (AUD), with instalments and employer sponsorship available.
Relevant bodies in Australia
Typical roles
Questions from Australia
Does this programme lead to recognition by the Actuaries Institute or another Australian professional body?
SEIUM qualifications are private and are not accredited by the Actuaries Institute, Engineers Australia or any national body. The Actuaries Institute sets its own examination and membership requirements, which a private qualification does not replace. Recognition for any role is decided by the employer or the relevant body, so confirm their requirements before enrolling.
Which Australian insurers and risk employers might consider this training?
Insurers, reinsurers, banks, consultancies and risk management teams in Australia employ people with data and risk skills. Whether they consider a private engineering qualification relevant depends on the role and their own hiring policy. Your demonstrated skills, portfolio and final project are often what matter most to them.
Is the course manageable while working, and can my employer fund it?
Yes, the programmes are delivered entirely online in English, with an assigned technical tutor, so you can fit study around work from Australia. Fees can be paid in instalments, and employer sponsorship is possible. Check the total hours for your chosen programme and agree a realistic weekly schedule before you start.
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
Explain the components of solvency of an insurance undertaking.
Compare risk-based prudential frameworks across different jurisdictions.
Identify risks specific to emerging markets.
Apply quantitative and qualitative solvency assessment techniques.
Design stress tests covering currency, sovereign and liquidity risks.
Propose mitigation and monitoring measures.
Prepare a solvency report for an insurer in an emerging market.
Who it's for
- International solvency analyst who wants to specialise in Solvency Assessment in Emerging Markets.
- Country risk analyst who wants to specialise in Solvency Assessment in Emerging Markets.
- International insurance expansion manager who wants to specialise in Solvency Assessment in Emerging Markets.
- Insurance supervisor who wants to specialise in Solvency Assessment in Emerging Markets.
- Credit rating analyst who wants to specialise in Solvency Assessment in Emerging Markets.
- Risk management consultant who wants to specialise in Solvency Assessment in Emerging Markets.
- Engineering or science graduates looking to join international insurance groups.
What you'll work with
- IAIS Insurance Core Principles (ICP)
- IAIS ComFrame
- IAIS Insurance Capital Standard (ICS)
- Directive 2009/138/EC (Solvency II), equivalence regime
- Solvency Assessment and Management (SAM, South Africa)
- C-ROSS (China)
- Insurance and Surety Institutions Law (Mexico)
6 modules · 300 h
1.1What it means to be solvent in insurance1.2Technical provisions and their nature1.3Own funds and their classification1.4Solvency Capital Requirement1.5Minimum Capital Requirement and the intervention ladder1.6Risks that consume capital1.7Sector vocabulary and acronyms1.8Difference between solvency and profitability1.9The role of the supervisor1.10Exercise: reading a solvency report
2.1The European framework and its three pillars2.2Risk-based frameworks in other markets2.3Factor-based regimes2.4Differences in the valuation of liabilities2.5Treatment of reinsurance2.6Equivalence between regimes2.7Supervision of cross-border groups2.8International convergence trends2.9Sources of information by market2.10Practice: comparing two regimes
3.1Data quality and availability3.2Macroeconomic volatility and inflation3.3Currency and interest rate risk3.4Sovereign and local asset risk3.5Exposure to natural catastrophes3.6Market capacity and reinsurance3.7Supervisory maturity and practice3.8Political and regulatory change risk3.9Informality and insurance penetration3.10Practice: analysing a specific market
4.1Analysis of financial statements4.2Solvency and liquidity indicators4.3Adequacy of technical provisions4.4Asset quality and concentration4.5Analysis of the reinsurance programme4.6Stress testing and scenarios4.7Projections and sensitivity4.8External ratings and how to read them4.9Early warning signals4.10Practice: solvency assessment of an undertaking
5.1Using the assessment in business decisions5.2Selecting partners and reinsurers5.3Mitigation through structure and guarantees5.4Contractual solvency requirements5.5Periodic monitoring and triggers5.6Contingency plan for deterioration5.7Internal communication of the assessment5.8Documentation and traceability5.9Limitations of the analysis5.10Practice: recommendation report
6.1Choosing the market and the undertaking6.2Analysis of the applicable prudential framework6.3Financial and solvency assessment6.4Stress tests and scenarios6.5Identification of key risks6.6Proposed mitigation measures6.7Monitoring plan6.8Reasoned recommendation6.9Analysis report6.10Project defence
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: 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 advanced Excel, R, S&P Capital IQ, Power BI, in free, academic or evaluation versions. Tests are studied using real procedures for comparative analysis of prudential frameworks, stress tests with macroeconomic scenarios, and assessment of emerging market undertakings. Assessment is continuous, per module, plus the final integrative project.
Build it end to end
Your final project follows the real engineering workflow, step by step, reviewed by your tutor.
Explain the components of solvency of an insurance undertaking.
Compare risk-based prudential frameworks across different jurisdictions.
Identify risks specific to emerging markets.
Apply quantitative and qualitative solvency assessment techniques.
Design stress tests covering currency, sovereign and liquidity risks.
Where this takes you
Requirements
- No prior 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.
Frequently asked questions
The programme consists of 300 hours in total, spread over 3 to 5 months. That is between 10 and 15 hours a week on average, compatible with full-time work.
The programme works with advanced Excel, R, S&P Capital IQ and Power BI. Free, academic or evaluation versions are used, and the tutor indicates the free alternative where one exists.
A SEIUM diploma upon passing the continuous assessment and the integrative project. It is in-house training, not an official qualification from the Ministry.
Yes. Modules passed in a course or postgraduate diploma in the same area are credited towards the higher-level programme. Check the recognition policy when you enrol.
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