Course in Benchmarking Techniques in Insurance Pricing
Online 300-hour course in benchmarking techniques in insurance pricing. 6 modules covering Law 15/2007 on the Defence of Competition, Article 101 TFEU (agreements restricting competition) and Python (web scraping with Scrapy). Assigned tutor and open enrolment.
Course in Benchmarking Techniques in Insurance Pricing — studying from Canada
Canada has a major insurance and financial services sector, with headquarters and operations concentrated in Toronto and Montréal. Insurers and reinsurers rely on actuarial science, risk modelling and data analytics for pricing, reserving and capital management. Federal and provincial regulators oversee solvency, conduct and consumer protection. Engineers and data specialists with risk and modelling skills find roles at insurers, brokers, consultancies and regulatory bodies.
Fees for Canada: C$852 (Canadian dollar), with instalments and employer sponsorship available.
Relevant bodies in Canada
Typical roles
Questions from Canada
Is this programme recognised by professional bodies in Canada for insurance and actuarial data work?
SEIUM's qualifications are private, not official state degrees, and are not accredited by a national body in Canada. Actuarial credentials in Canada are governed by the Canadian Institute of Actuaries, and actuarial practice is regulated under provincial and federal rules. A private engineering qualification does not confer these credentials, so confirm recognition with employers or the relevant body yourself.
How might this qualification be used by employers in Canada in insurance or risk roles?
Insurers, banks and risk teams in Canada may value engineering-based data analysis and risk modelling skills, but how they regard a private qualification is their decision. Hiring in these sectors often depends on experience, professional exams and specific credentials. Your final project can serve as evidence of applied skills, though it does not guarantee any role or salary outcome.
What are the practical demands of studying this online from Canada?
Study is fully online and in English, and no student visa is required if you study from home. Programme lengths range from 300 to 1,900 hours, so consider how many hours a week you can commit alongside work. You are assigned a technical tutor for support. Fees can be paid in instalments, and some students receive employer sponsorship, which is possible but not guaranteed.
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
Define what to compare and for what purpose in a price benchmarking exercise.
Identify legitimate and reliable market information sources.
Standardise coverages and profiles to ensure comparability.
Analyse the position of your rate against competitors.
Translate the results into pricing decisions consistent with the product's value.
Respect the limits of competition law when exchanging information.
Design a recurring, governed benchmarking process.
Who it's for
- Competitive pricing analyst wishing to specialise in Benchmarking Techniques in Insurance Pricing.
- Pricing actuary wishing to specialise in Benchmarking Techniques in Insurance Pricing.
- Market intelligence analyst wishing to specialise in Benchmarking Techniques in Insurance Pricing.
- Insurance product manager wishing to specialise in Benchmarking Techniques in Insurance Pricing.
- Pricing strategy consultant wishing to specialise in Benchmarking Techniques in Insurance Pricing.
- Insurance comparison analyst wishing to specialise in Benchmarking Techniques in Insurance Pricing.
- Engineering or science graduates seeking to join insurance companies.
What you'll work with
- Law 15/2007 on the Defence of Competition
- Article 101 TFEU (agreements restricting competition)
- Commission Guidelines on horizontal cooperation agreements (2023)
- EIOPA supervisory statement on differential pricing practices (2023)
- Commission Delegated Regulation (EU) 2017/2358 (product oversight and governance)
- ISO 20252 (market research)
- Regulation (EU) 2016/679 (GDPR)
6 modules · 300 h
1.1Questions a price benchmarking exercise answers1.2Price comparison versus value comparison1.3Equivalent cover: the problem of comparing unlike things1.4Levels of analysis: product, segment, channel and territory1.5Internal use of results and legal limits1.6Prohibited practices: exchange of sensitive information1.7Competition law applied to insurance1.8Legitimate sources of market information1.9Process documentation and traceability1.10Workshop: defining the scope of a benchmarking exercise
2.1Online comparators and their bias2.2Public rating tools and own quotations2.3Sector reports and aggregated statistics2.4Information from brokers and customers2.5Renewal and portfolio loss data2.6Designing standard profiles for quoting2.7Number of profiles required and their representativeness2.8Automating data collection and its limits2.9Terms of use of consulted sources2.10Practical: designing a grid of profiles
3.1Equivalence of guarantees and limits3.2Excesses and their effect on the compared price3.3Included services and their valuation3.4Instalment surcharges and taxes3.5Commercial discounts and temporary promotions3.6Adjustment by distribution channel3.7Adjustment for seniority and customer history3.8Building a comparable price3.9Quality control of collected quotations3.10Practical: standardising a set of quotations
4.1Price distribution by profile and by competitor4.2Relative position and market percentiles4.3Competitiveness maps by segment4.4Detecting expensive and cheap segments4.5Relationship between positioning and conversion4.6Elasticity estimated from own data4.7Differences between the market and own portfolio4.8Visualising positioning4.9Common interpretation errors4.10Practical: positioning report for a product
5.1Priorities: growth, margin or portfolio mix5.2Segment rate adjustments and their estimated impact5.3Simulating the effect on volume and results5.4Technical limits: the risk rate as a floor5.5Ethical and regulatory limits of optimisation5.6Controlled price tests5.7Follow-up after the change5.8Internal communication of the decision5.9Documenting the decision and its reasons5.10Practical: rate adjustment proposal with its simulation
6.1Benchmarking frequency and automation6.2Responsible team and division of tasks6.3Integration with the rate review process6.4Competitiveness dashboard6.5Regulatory compliance control of the process6.6Independent review of conclusions6.7Storage and security of collected information6.8Common errors in benchmarking programmes6.9Market evolution and process adaptation6.10Final project: complete benchmarking of a mobility product
How you'll learn
Fully 100 % online training on the SEIUM campus, with downloadable material, recorded classes and an assigned technical tutor. No fixed timetables: students progress at their own pace within the intake, making 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 Python (web scraping with Scrapy), R, Earnix, advanced Excel, Tableau, in free, academic or evaluation versions. Tests are studied using real quotation-gathering procedures with fictitious risk profiles, normalisation of cover to compare prices, and analysis of competitive positioning by segment. Assessment is continuous, module by module, plus the final integrating project.
Build it end to end
Your final project follows the real engineering workflow, step by step, reviewed by your tutor.
Define what to compare and for what purpose in a price benchmarking exercise.
Identify legitimate and reliable market information sources.
Standardise cover and profiles to ensure comparability.
Analyse the position of the rate against competitors.
Translate the results into pricing decisions consistent with the product's value.
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 comprises 300 hours in total, spread over 3 to 5 months. That is an average of 10 to 15 hours per week, compatible with a full-time job.
You will work with Python (web scraping with Scrapy), R, Earnix, advanced Excel and Tableau. Free, academic or evaluation versions are used, and the tutor indicates the free alternative where one exists.
A SEIUM own diploma upon passing the continuous assessment and the integrating 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 can be credited towards the higher programme. Check the credit recognition policy when you enrol.
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