Course in Retention Strategies in Reinsurance
Online 300-hour course in retention strategies in reinsurance. 6 modules covering Directive 2009/138/EC (Solvency II), Delegated Regulation (EU) 2015/35 (Solvency II implementation) and Igloo (WTW). Assigned tutor and open enrolment.
Course in Retention Strategies in Reinsurance — 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
Understand retention as a strategic decision for the insurer.
Analyse the portfolio to determine retention capacity.
Apply techniques for optimising priorities, limits and contract types.
Assess the effect of reinsurance on solvency capital and IFRS 17 statements.
Negotiate reinsurance programmes and monitor them.
Integrate the retention policy into the ORSA.
Prepare an integrative project proposing an optimal retention.
Who it's for
- Ceded reinsurance manager who wants to specialise in Retention Strategies in Reinsurance.
- Reinsurance actuary who wants to specialise in Retention Strategies in Reinsurance.
- Capital and solvency analyst who wants to specialise in Retention Strategies in Reinsurance.
- Reinsurance broker who wants to specialise in Retention Strategies in Reinsurance.
- Risk manager who wants to specialise in Retention Strategies in Reinsurance.
- Reinsurance underwriter who wants to specialise in Retention Strategies in Reinsurance.
- Graduates in engineering or sciences looking to enter reinsurance.
What you'll work with
- Directive 2009/138/EC (Solvency II)
- Delegated Regulation (EU) 2015/35 (Solvency II implementation)
- IFRS 17 (insurance contracts)
- Law 20/2015 (LOSSEAR)
- Royal Decree 1060/2015 (ROSSEAR)
- EIOPA guidelines on the own risk and solvency assessment (ORSA)
6 modules · 300 h
1.1What retaining risk means1.2Financial capacity and risk appetite1.3Relationship between retention and reinsurance cost1.4Earnings volatility and its tolerance1.5Effect on required capital1.6Horizon and market cycle1.7Sector vocabulary and acronyms1.8Common errors in setting retentions1.9The board's role in the decision1.10Exercise: analyse an entity's retention
2.1Distribution of sums insured2.2Historical claims and their cleansing2.3Large losses and their frequency2.4Accumulations and catastrophe exposure2.5Correlation between lines of business2.6Expected growth and its effect2.7Data quality and limitations2.8Modelling the loss distribution2.9Extreme scenarios2.10Practice: analysis of a real portfolio
3.1Reinsurance cost curves3.2Comparison of alternative structures3.3Retention per risk and per event3.4Reinstatements and their valuation3.5Aggregate covers and their role3.6Optimisation under capital constraints3.7Risk measures used3.8Sensitivity analysis3.9Model limitations3.10Practice: comparing structures for a portfolio
4.1Effect of reinsurance on required capital4.2Counterparty risk and its consumption4.3Economic versus regulatory capital4.4Accounting effect of structures4.5Risk transfer and its testing4.6Financial structures and their limits4.7Reporting to the supervisor4.8Consistency with the risk policy4.9Documenting the decision4.10Practice: calculating the effect on capital
5.1Preparing information for the market5.2Presenting the portfolio to reinsurers5.3Negotiating terms and price5.4The broker's role5.5Placement and panel diversification5.6Monitoring the programme during the year5.7Review after significant claims5.8Renewal and learning5.9Programme performance indicators5.10Practice: market presentation dossier
6.1Choice of portfolio and context6.2Exposure analysis6.3Loss modelling and scenarios6.4Comparison of structures6.5Justified retention decision6.6Capital and solvency analysis6.7Placement and negotiation plan6.8Monitoring indicators6.9Analysis 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 timetable: students progress at their own pace within the intake, which makes it possible to combine it with work.
Each module combines theory, guided reading of the original standard and applied exercises. The working software is Igloo (WTW), ReMetrica (Aon), R, advanced Excel, in free, academic or evaluation versions. The case studies cover real procedures for optimising priorities and contract limits, cost-of-capital versus reinsurance cost analysis, and retention scenario simulation. 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.
Understand retention as a strategic decision for the insurer.
Analyse the portfolio to determine retention capacity.
Apply techniques for optimising priorities, limits and contract types.
Assess the effect of reinsurance on solvency capital and IFRS 17 statements.
Negotiate reinsurance programmes and monitor them.
Where this takes you
Requirements
- No prior degree is 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.
Frequently asked questions
The programme comprises 300 total hours spread over 3 to 5 months. That is an average of 10 to 15 hours per week, compatible with a full-time job.
You work with Igloo (WTW), ReMetrica (Aon), R and advanced Excel. Free, academic or evaluation versions are used, and the tutor indicates the free alternative where one exists.
An own diploma from SEIUM upon passing the continuous assessment and the integrative project. It is in-house training, not an official Ministry qualification.
Yes. Modules passed in a course or postgraduate diploma in the same area are recognised towards the higher programme. Check the recognition policy when you enrol.
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