Course in Simulation of Natural Catastrophe Scenarios
Online course of 300 h in simulation of natural catastrophe scenarios. 6 modules covering the Sendai Framework for Disaster Risk Reduction 2015-2030, Directive 2007/60/EC (flood risk assessment and management) and Oasis LMF. Dedicated tutor and open enrolment.
Course in Simulation of Natural Catastrophe Scenarios — 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$1,010 (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 the role of scenario simulation in catastrophe risk management.
Build realistic hazard scenarios from historical events and scientific data.
Quantify the economic and insured damage and losses of a scenario.
Design reverse and stress scenarios to identify vulnerabilities.
Integrate the results into capital and reinsurance planning.
Organise response drills for mass-claim events.
Communicate results clearly to management and authorities.
Who it's for
- Catastrophe modeller who wants to specialise in simulation of natural catastrophe scenarios.
- Natural hazard scenario analyst who wants to specialise in simulation of natural catastrophe scenarios.
- Catastrophe risk manager who wants to specialise in simulation of natural catastrophe scenarios.
- Emergency planning technician who wants to specialise in simulation of natural catastrophe scenarios.
- Non-life actuary who wants to specialise in simulation of natural catastrophe scenarios.
- Accumulation analyst who wants to specialise in simulation of natural catastrophe scenarios.
- Engineering or science graduates looking to join insurance companies.
What you'll work with
- Sendai Framework for Disaster Risk Reduction 2015-2030
- Directive 2007/60/EC (Flood Risk Assessment and Management)
- Royal Legislative Decree 7/2004 (Legal Statute of the Insurance Compensation Consortium)
- Law 17/2015 on the National System of Civil Protection
- Spanish Seismic Construction Standard NCSE-02
- Delegated Regulation (EU) 2015/35 (Catastrophe Risk Sub-Module)
- ISO 22301 (Business Continuity)
6 modules · 300 h
1.1Why simulate a scenario1.2Deterministic versus probabilistic scenario1.3Historical and synthetic scenarios1.4Use in risk management and in crises1.5Difference from the full catastrophe model1.6Supervisory scenarios1.7Vocabulary and acronyms in the field1.8Credibility and plausibility of the scenario1.9Common errors in design1.10Exercise: defining a reference scenario
2.1Choice of hazard and its severity2.2Location and footprint of the event2.3Chaining of effects2.4Time horizon of the scenario2.5Explicit assumptions and their justification2.6Exposure data required2.7Applied vulnerability2.8Indirect and business interruption effects2.9Scenario documentation2.10Practice: building a complete scenario
3.1Direct losses to the portfolio3.2Indirect and business interruption losses3.3Effect on reserves and liquidity3.4Effect on capital and solvency3.5Reinsurance recoveries and their timing3.6Counterparty risk after the event3.7Effect on financial markets3.8Uncertainty of the result3.9Comparison between scenarios3.10Practice: quantification of a scenario
4.1Reverse scenario and its usefulness4.2Identifying the breaking point4.3Combination of simultaneous events4.4Extreme tail scenarios4.5Emerging risk scenarios4.6Liquidity tests4.7Supervisory scenarios and their response4.8Limitations of the exercises4.9Communicating the results4.10Practice: designing a reverse scenario
5.1Integration into risk management5.2Appetite and limit decisions5.3Derived contingency plans5.4Crisis drills with management5.5Response and communication protocols5.6Reporting to the board and the supervisor5.7Periodic review of scenarios5.8Lessons from real events5.9Culture of preparedness5.10Practice: script for a crisis drill
6.1Choice of entity and hazard6.2Design of the reference scenario6.3Quantification of consequences6.4Complementary reverse scenario6.5Derived contingency plan6.6Drill script with management6.7Reporting plan6.8Planned review and improvement6.9Methodological report6.10Project defence
How you'll learn
Fully 100 % online training on the SEIUM campus, with downloadable material, recorded classes and a dedicated technical tutor. No fixed timetables: learners 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 Oasis LMF, Verisk Touchstone, Moody’s RMS RiskLink, QGIS, Python (NumPy, SciPy), in free, academic or evaluation versions. Hands-on work is based on real procedures for constructing deterministic earthquake and flood scenarios, mass-claims management drill exercises and reverse scenarios for stress testing. Assessment is continuous by 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 the role of scenario simulation in catastrophe risk management.
Build realistic hazard scenarios from historical events and scientific data.
Quantify the economic and insured damage and losses of a scenario.
Design reverse and stress scenarios to identify vulnerabilities.
Integrate the results into capital and reinsurance planning.
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 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 hours in total, spread over 3 to 5 months. That is between 10 and 15 hours a week on average, compatible with a full-time job.
The course works with Oasis LMF, Verisk Touchstone, Moody’s RMS RiskLink, QGIS, Python (NumPy, SciPy). Free, academic or evaluation versions are used, and the tutor indicates the free alternative where one exists.
An in-house SEIUM Institute diploma upon passing the continuous assessment and the integrative project. It is in-house training, not an official qualification issued by the Ministry.
Yes. Modules passed in a course or postgraduate diploma in the same area can be recognised towards the higher programme. Check the recognition policy when you enrol.
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