Course in Reinsurer Solvency Assessment
Online 300-hour course in reinsurer solvency assessment. 6 modules covering Directive 2009/138/EC (Solvency II), Delegated Regulation (EU) 2015/35 (counterparty default risk) and S&P Capital IQ. Assigned tutor and open enrolment.
Course in Reinsurer Solvency Assessment — 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$698 (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
Explain counterparty risk in reinsurance programmes.
Analyse financial statements and solvency reports of reinsurers.
Interpret credit ratings and prudential frameworks.
Calculate the effect of counterparty risk on capital.
Design mitigation mechanisms such as collateral and deposits.
Establish a reinsurer security policy.
Prepare an evaluation report on a reinsurer panel.
Who it's for
- Reinsurance security analyst who wants to specialise in Reinsurer Solvency Assessment.
- Reinsurance purchasing manager who wants to specialise in Reinsurer Solvency Assessment.
- Counterparty risk manager who wants to specialise in Reinsurer Solvency Assessment.
- Insurance rating analyst who wants to specialise in Reinsurer Solvency Assessment.
- Risk actuary who wants to specialise in Reinsurer Solvency Assessment.
- Reinsurance broker who wants to specialise in Reinsurer Solvency Assessment.
- Engineering or science graduates seeking to enter insurance companies.
What you'll work with
- Directive 2009/138/EC (Solvency II)
- Delegated Regulation (EU) 2015/35 (counterparty default risk)
- Regulation (EC) No 1060/2009 on credit rating agencies
- IAIS ICP 13 (reinsurance)
- EU-US Bilateral Agreement on insurance and reinsurance (2017)
- IFRS 17 (reinsurance contracts held)
- NAIC Risk-Based Capital
6 modules · 300 h
1.1Why reinsurer solvency matters1.2Default risk and its materialisation1.3Long gap between cession and collection1.4Counterparty concentration1.5Effect on the capital of the cedant1.6The broker's role in selection1.7Sector vocabulary and acronyms1.8Historical cases of insolvency1.9Available sources of information1.10Exercise: counterparty exposure map
2.1Structure of a reinsurer's balance sheet2.2Technical provisions and their adequacy2.3Own funds and quality of capital2.4Technical and financial profitability2.5Liquidity and asset-liability matching2.6Catastrophe exposure2.7Retrocession and dependency2.8Geographic and line-of-business diversification2.9Key indicators and how to read them2.10Practice: analysis of financial statements
3.1Rating agencies and their methodology3.2Critical reading of a rating3.3Outlook and reviews3.4Applicable solvency frameworks3.5Equivalence of regimes3.6Supervision of the reinsurance group3.7Differences between jurisdictions3.8Unauthorised reinsurers and collateral3.9Alternative risk transfer vehicles3.10Practice: comparing two reinsurers
4.1Counterparty policy and limits4.2Diversification of the panel4.3Deposits, letters of credit and collateral4.4Termination clauses for deterioration4.5Netting of balances4.6Ongoing monitoring of counterparties4.7Review triggers4.8Plan for replacing a counterparty4.9Coordination with the broker4.10Practice: counterparty policy
5.1Register of exposures by counterparty5.2Calculation of counterparty risk under solvency rules5.3Internal and supervisory reporting5.4Managing a default5.5Claims and legal recourse5.6Accounting effect of impairment5.7Reinsurance committee and governance5.8Documentation of decisions5.9Monitoring indicators5.10Practice: exposure report for the committee
6.1Choice of the cedant and its panel6.2Exposure map by counterparty6.3Financial analysis of two reinsurers6.4Limits and diversification policy6.5Proposed mitigation measures6.6Monitoring plan and triggers6.7Contingency plan for deterioration6.8Indicators and reporting6.9Analysis report6.10Project defence
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, 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 S&P Capital IQ, Bloomberg Terminal, R, advanced Excel, in free, academic or evaluation versions. Case studies are based on real procedures for financial analysis of listed reinsurers, calculation of counterparty risk and design of reinsurer security panels. Assessment is continuous across each 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 counterparty risk in reinsurance programmes.
Analyse financial statements and solvency reports of reinsurers.
Interpret credit ratings and prudential frameworks.
Calculate the effect of counterparty risk on capital.
Design mitigation mechanisms such as collateral and deposits.
Where this takes you
Requirements
- No prior degree is required.
- Internet connection and a computer capable of running the programme's software.
- Sufficient command of 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 S&P Capital IQ, Bloomberg Terminal, R and advanced Excel. 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 SEIUM's own training, not an official qualification from the Ministry.
Yes. Modules passed in a Course or Postgraduate Diploma in the same area are recognised in the higher-level programme. Check the recognition policy when you enrol.
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