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Postgraduate Diploma in Policy Auditing and Exposure Management

Online 800-hour Postgraduate Diploma in Policy Auditing and Exposure Management. 8 modules covering Ley 50/1980 de Contrato de Seguro (art. 30, proportional rule), Directive 2009/138/EC (Solvency II) and advanced Excel. Assigned tutor and open enrolment.

Duration800 h
ModeOnline
AwardSEIUM Institute diploma
Enrol now View syllabus Ask an advisor

Postgraduate Diploma in Policy Auditing and Exposure Management — 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$1,420 (AUD), with instalments and employer sponsorship available.

Relevant bodies in Australia

  • Australian Prudential Regulation Authority (APRA)
  • Australian Securities and Investments Commission (ASIC)
  • Institute of Actuaries of Australia (IAA)
  • Insurance Council of Australia (ICA)

Typical roles

  • Actuarial Analyst
  • Risk Data Scientist
  • Catastrophe Modeller
  • Insurance Analytics Engineer

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.

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Learning outcomes

What you will be able to do

01

Characterise the exposure of a policy portfolio.

02

Plan and carry out policy audits.

03

Detect situations of underinsurance and overinsurance.

04

Identify accumulations and catastrophic exposures.

05

Design exposure management tools.

06

Relate exposure to regulatory and capital requirements.

07

Automate exposure analytics.

Profile

Who it's for

  • Policy auditor looking to specialise in Policy Auditing and Exposure Management.
  • Exposure analyst looking to specialise in Policy Auditing and Exposure Management.
  • Portfolio manager looking to specialise in Policy Auditing and Exposure Management.
  • Underwriting technician looking to specialise in Policy Auditing and Exposure Management.
  • Accumulation analyst looking to specialise in Policy Auditing and Exposure Management.
  • Internal insurance auditor looking to specialise in Policy Auditing and Exposure Management.
  • Engineering or science graduates looking to enter insurance companies.
Standards & tools

What you'll work with

  • Ley 50/1980 de Contrato de Seguro (art. 30, proportional rule)
  • Directive 2009/138/EC (Solvency II)
  • Delegated Regulation (EU) 2015/35
  • ISO 19011 (auditing of management systems)
  • ISO 31000 (risk management)
  • IFRS 17 (insurance contracts)
  • Ley 20/2015 (LOSSEAR)
Syllabus

8 modules · 800 h

  1. 1.1Concept of risk exposure
  2. 1.2Exposure units by line of business
  3. 1.3Sum insured and value at risk
  4. 1.4Accumulation of exposures
  5. 1.5Geographic concentration of risk
  6. 1.6Exposure in civil liability
  7. 1.7Quality of exposure data
  8. 1.8Portfolio management systems
  9. 1.9Risk appetite and limits
  10. 1.10Case study: exposure profile of a home insurance portfolio
  1. 2.1Objectives of policy auditing
  2. 2.2Statistical sampling of policies
  3. 2.3Review of underwriting
  4. 2.4Verification of premiums and rates
  5. 2.5Checking of issued cover
  6. 2.6Control of contractual documentation
  7. 2.7Auditing fleet and corporate policies
  8. 2.8Review of endorsements and supplements
  9. 2.9Audit report
  10. 2.10Practical: sampling and review of policies
  1. 3.1Proportional rule and real value
  2. 3.2Underinsurance in property damage
  3. 3.3Overinsurance and its consequences
  4. 3.4Valuation of buildings
  5. 3.5Valuation of stock
  6. 3.6Replacement value clauses
  7. 3.7Updating of sums insured
  8. 3.8Analytical detection of underinsurance
  9. 3.9Communication to the policyholder
  10. 3.10Laboratory: detecting underinsurance with cadastral data
  1. 4.1Identification of accumulations
  2. 4.2Exposure maps with GIS
  3. 4.3CRESTA accumulation zones
  4. 4.4Catastrophe scenarios
  5. 4.5Catastrophe models and their use
  6. 4.6Exposure to climate risks
  7. 4.7Limits by zone
  8. 4.8Flood risk
  9. 4.9Exposure to seismic risk
  10. 4.10Practical: accumulation map in QGIS
  1. 5.1Underwriting policies
  2. 5.2Capacity limits
  3. 5.3Reinsurance and cession
  4. 5.4Diversification strategies
  5. 5.5Risk selection
  6. 5.6Risk inspections
  7. 5.7Rate adjustments
  8. 5.8Underwriting windows
  9. 5.9Monitoring of exposures
  10. 5.10Case study: rebalancing a concentrated portfolio
  1. 6.1Solvency II and underwriting capital
  2. 6.2Catastrophe module of the standard formula
  3. 6.3ORSA and risk assessment
  4. 6.4Reporting to the supervisor
  5. 6.5The role of internal audit
  6. 6.6Key functions in Solvency II
  7. 6.7Exposure data requirements
  8. 6.8ACORD data standards
  9. 6.9Emerging underwriting risks
  10. 6.10Workshop: simplified calculation of catastrophe capital
  1. 7.1Exposure dashboards
  2. 7.2External risk data
  3. 7.3Geocoding of policies
  4. 7.4Automation of controls
  5. 7.5Anomaly detection in underwriting
  6. 7.6Automated valuation models
  7. 7.7Integration with reinsurers
  8. 7.8BI tools
  9. 7.9Data quality
  10. 7.10Practical: exposure dashboard
  1. 8.1Portfolio selection
  2. 8.2Audit plan
  3. 8.3Policy sampling
  4. 8.4Underinsurance analysis
  5. 8.5Accumulation analysis
  6. 8.6Capital assessment
  7. 8.7Proposed measures
  8. 8.8Monitoring plan
  9. 8.9Report and presentation
  10. 8.10Final review with the tutor
Methodology, software & labs

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 enrolment period, 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, Python (pandas), Power BI, Verisk Touchstone, QGIS, in free, academic or evaluation versions. The case work covers real audit procedures on a sample of property policies, detection of underinsurance through replacement valuations, and accumulation analysis by zone. Assessment is continuous, module by module, plus the final integrative project.

Assigned technical tutor:every module ends with a deliverable that your tutor marks individually.
Standards-based learning:guided reading of Ley 50/1980 de Contrato de Seguro, Directive 2009/138/EC and Delegated Regulation (EU) 2015/35 applied to real cases, not as a theoretical annex.
Industry software:advanced Excel, Python (pandas), Power BI, Verisk Touchstone and QGIS, in free, academic or evaluation versions.
Final project:an integrative project that applies the programme to a real case, reviewed by your tutor.
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.

Portfolio selection

Characterise the exposure of a policy portfolio.

Audit plan

Plan and carry out policy audits.

Policy sampling

Detect situations of underinsurance and overinsurance.

Underinsurance analysis

Identify accumulations and catastrophic exposures.

Accumulation analysis

Design exposure management tools.

Career opportunities

Where this takes you

Policy auditorExposure analystPortfolio managerUnderwriting technicianAccumulation analystInternal insurance auditor
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.
  • 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 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.

You work with advanced Excel, Python (pandas), Power BI, Verisk Touchstone, QGIS. Free, academic or evaluation versions are used, and the tutor indicates the free alternative where one exists.

An SEIUM in-house diploma on passing the continuous assessment and the final integrative project. This 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 advanced programme. Check the credit transfer policy when you enrol.

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