CourseInsurance, Risk & Actuarial Data Applications open

Course in Impact of Climate Change on Transport Insurance

Online course of 300 h on the impact of climate change on transport insurance. 6 modules covering Delegated Regulation (EU) 2021/1256 (sustainability risks in Solvency II), ISO 14090 (adaptation to climate change) and CLIMADA. Assigned tutor and open enrolment.

Duration300 h
ModeOnline
LanguageEnglish
Start datesSet by the faculty
AwardSEIUM Institute certificate

Course in Impact of Climate Change on Transport Insurance — 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$1,160 (Canadian dollar), with instalments and employer sponsorship available.

Relevant bodies in Canada

  • Office of the Superintendent of Financial Institutions (OSFI)
  • Canadian Institute of Actuaries (CIA)
  • Financial Services Regulatory Authority of Ontario (FSRA)
  • Insurance Bureau of Canada (IBC)

Typical roles

  • Actuarial Analyst
  • Risk Analyst
  • Data Scientist – Insurance
  • Reserving Analyst

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.

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Learning outcomes

What you will be able to do

01

Explain the effects of climate change on transport supply chains.

02

Identify acute and chronic physical risks to assets and routes.

03

Analyse the transition risks facing the transport sector.

04

Quantify the effect of climate on the claims experience of a portfolio.

05

Apply climate scenarios in stress testing.

06

Propose adaptation and resilience measures for the logistics chain.

07

Prepare a climate risk report for a transport portfolio.

Profile

Who it's for

  • Climate risk analyst in insurance looking to specialise in Impact of Climate Change on Transport Insurance.
  • Transport underwriter looking to specialise in Impact of Climate Change on Transport Insurance.
  • Supply chain risk manager looking to specialise in Impact of Climate Change on Transport Insurance.
  • Emerging risks actuary looking to specialise in Impact of Climate Change on Transport Insurance.
  • Climate adaptation consultant looking to specialise in Impact of Climate Change on Transport Insurance.
  • Sustainability manager looking to specialise in Impact of Climate Change on Transport Insurance.
  • Graduates in engineering or sciences seeking to enter transport insurance.
Standards & tools

What you'll work with

  • Delegated Regulation (EU) 2021/1256 (sustainability risks in Solvency II)
  • ISO 14090 (adaptation to climate change)
  • ISO 14091 (vulnerability and impact assessment)
  • IFRS S2 (climate-related disclosures)
  • ESRS E1 (climate change)
  • Law 7/2021 on Climate Change and Energy Transition
  • Regulation (EU) 2021/1119 (European Climate Law)
Syllabus

6 modules · 300 h

  1. 1.1Exposure of transport infrastructure
  2. 1.2Ports, airports and logistics hubs
  3. 1.3Roads and railways facing extreme events
  4. 1.4Maritime routes and changes in Arctic ice
  5. 1.5Temperature-sensitive cargo
  6. 1.6Disruption and knock-on effects
  7. 1.7Sector vocabulary and acronyms
  8. 1.8Observed trends in claims
  9. 1.9Sources of scientific information
  10. 1.10Exercise: exposure map of a supply chain
  1. 2.1Flooding of logistics hubs
  2. 2.2Extreme wind and infrastructure damage
  3. 2.3Extreme heat and its effect on operations
  4. 2.4Drought and river navigability
  5. 2.5Wildfires and route closures
  6. 2.6Landslides on mountain roads
  7. 2.7Storm surge and swell in port
  8. 2.8Cargo degradation due to temperature
  9. 2.9Accumulation of values in transit
  10. 2.10Practice: route disruption scenario
  1. 3.1Regulation of transport emissions
  2. 3.2Alternative fuels and their deployment
  3. 3.3New technologies and associated risks
  4. 3.4Changes in demand and routes
  5. 3.5Stranded assets in the sector
  6. 3.6Requirements from supply chain customers
  7. 3.7Climate litigation risk
  8. 3.8Effect on the value of insured assets
  9. 3.9New product opportunities
  10. 3.10Practice: transition analysis of an operator
  1. 4.1Review of exposure by line of business
  2. 4.2Adjustment of models and rates
  3. 4.3Review of policy wording
  4. 4.4Accumulation by hub and by corridor
  5. 4.5Reinsurance of the transport portfolio
  6. 4.6Insurability of highly exposed routes
  7. 4.7Loss-prevention requirements for the insured
  8. 4.8Claims monitoring
  9. 4.9Dialogue with operators
  10. 4.10Practice: portfolio review plan
  1. 5.1Diversification of routes and suppliers
  2. 5.2Protection of critical hubs
  3. 5.3Inventories and buffers
  4. 5.4Weather monitoring and alerts
  5. 5.5Logistics contingency plans
  6. 5.6Collaboration with public authorities
  7. 5.7Insurance as an incentive for adaptation
  8. 5.8Measuring the resilience achieved
  9. 5.9Communication to end customers
  10. 5.10Practice: adaptation plan for a supply chain
  1. 6.1Choice of supply chain and its geography
  2. 6.2Analysis of physical and transition risks
  3. 6.3Disruption scenarios
  4. 6.4Effect on the insurance portfolio
  5. 6.5Product review proposal
  6. 6.6Operator adaptation plan
  7. 6.7Monitoring indicators
  8. 6.8Roadmap
  9. 6.9Study report
  10. 6.10Defence of the project
Methodology, software & labs

How you'll learn

Fully 100% online training on the SEIUM campus, with downloadable material, recorded lectures and an assigned technical tutor. No fixed timetable: students progress at their own pace within the intake, which makes it possible to combine study with work.

Each module combines theory, guided reading of the original standard and applied exercises. The working software is CLIMADA, Copernicus Climate Data Store, QGIS, Python (xarray), in free, academic or evaluation versions. Assignments are based on real procedures for climate scenario analysis on logistics routes, climate stress testing of portfolios and vulnerability assessment of infrastructure. Assessment is continuous, module by module, plus the final integrative project.

Accreditable laboratories(EN ISO/IEC 17025) with rotor test rig, EMC/Lightning pre-compliance, HIL/SIL, vibration/acoustics.
Evidence-driven Master's Thesis:safety case, test plan, compliance dossier and operational limits.
Industry mentoring:lecturers with careers in training, , eVTOL/UAM and flight test.
Flexible format(hybrid/online), international cohorts and support from SEIUM Career Services.
Ethics and safety:safety-by-design approach, cyber-OT, DIH and compliance as its pillars.
Capstone project

Build it end to end

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

Choice of supply chain and its geography

Explain the effects of climate change on transport supply chains.

Analysis of physical and transition risks

Identify acute and chronic physical risks to assets and routes.

Disruption scenarios

Analyse the transition risks facing the transport sector.

Effect on the insurance portfolio

Quantify the effect of climate on the claims experience of a portfolio.

Product review proposal

Apply climate scenarios in stress testing.

Career opportunities

Where this takes you

Climate risk analyst in insuranceTransport underwriterSupply chain risk managerEmerging risks actuaryClimate adaptation consultantSustainability manager
Admissions & scholarships

Requirements

  • No prior degree required.
  • Internet connection and a computer capable of running the programme's software.
  • Sufficient level of Spanish to follow technical regulatory reading.

Ready to start?

Send your application today. Our admissions team replies within 72 hours with your study plan and funding options.

FAQ

Frequently asked questions

The programme comprises 300 hours in total, spread over 3 to 5 months. That is between 10 and 15 hours per week on average, compatible with a full-time job.

The course uses CLIMADA, Copernicus Climate Data Store, QGIS, Python (xarray). 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 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 can be credited towards the advanced programme. Please check the credit transfer policy when you enrol.

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