Course on Reinsurance Contract Models
Online course of 300 h in reinsurance contract models. 6 modules covering Principles of Reinsurance Contract Law (PRICL), Ley 50/1980 (Contrato de Seguro, arts. 77 to 79) and Whitespace. Assigned tutor and open enrolment.
Course on Reinsurance Contract Models — 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$1,240 (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
Analyse the structure and elements of a reinsurance contract.
Compare the main treaty models.
Interpret common clauses such as loss occurrence, follow the fortunes and arbitration.
Adapt a wording to the needs of the cedant and the reinsurer.
Negotiate terms when the contract is renewed.
Manage conflicts and disputes throughout the contract's life cycle.
Draft a complete reinsurance contract in an integrative project.
Who it's for
- Reinsurance contract technicians who want to specialise in Reinsurance Contract Models.
- Reinsurance lawyers who want to specialise in Reinsurance Contract Models.
- Reinsurance brokers who want to specialise in Reinsurance Contract Models.
- Treaty underwriters who want to specialise in Reinsurance Contract Models.
- Contract certainty managers who want to specialise in Reinsurance Contract Models.
- Reinsurance dispute managers who want to specialise in Reinsurance Contract Models.
- Engineering or science graduates looking to enter the reinsurance sector.
What you'll work with
- Principles of Reinsurance Contract Law (PRICL)
- Ley 50/1980 (Contrato de Seguro, arts. 77 a 79)
- Market Reform Contract (MRC)
- Reglamento (CE) 593/2008 (Roma I)
- Ley 60/2003 (Arbitraje)
- Reglas de arbitraje de ARIAS UK
6 modules · 300 h
1.1Parties and their identification1.2Subject matter and scope of cover1.3Period and basis of cover1.4Territory and classes included1.5Limits, priorities and shares1.6Premiums, commissions and their payment1.7Information obligations1.8Sector vocabulary and acronyms1.9Annexes and supplementary documents1.10Exercise: identify the parties to a contract
2.1Quota share treaty2.2Surplus treaty2.3Excess of loss treaty2.4Excess of loss ratio treaty2.5Facultative contracts and their documentation2.6Facultative obligatory contracts2.7Multi-year programmes2.8Class-specific contracts2.9Market models and their use2.10Practice: compare two treaty models
3.1Definition of sinister and event3.2Luck tracking clause3.3Claims in progress3.4Serious Claims Warning Clause3.5Error and omission clause3.6Record Inspection Clause3.7Insolvency clause3.8Sanctions Clause3.9Arbitration and applicable law3.10Practice: Write a set of clauses
4.1Negotiation Preparation4.2Usually negotiated points4.3Adaptation to the client's portfolio4.4SPECIAL CLAUSES AND YOUR RISK4.5Coherence between program treaties4.6Coverage gaps between layers4.7Legal review of the contract4.8Signature and shares4.9Modification management4.10Practice: Detect a cover gap
5.1Entry into force and coverage period5.2Claims management under the Treaty5.3Accounts and payments5.4Renewal and renegotiation5.5Rescission and its effects5.6Portfolio pending after termination5.7Interpretation disputes5.8Arbitration and its development5.9Archive and conservation5.10Practice: Analysis of an interpretation dispute
6.1Choice of portfolio and structure6.2Drafting of the complete contract6.3Clauses adapted to the case6.4Program consistency review6.5Identification of legal risks6.6Negotiation plan6.7Management procedure and accounts6.8Strategy in the face of disputes6.9Contract memory6.10Defense of work
How you'll learn
A 100% online programme on the SEIUM campus, with downloadable material, recorded classes and an assigned technical tutor. There are no fixed timetables: students progress at their own pace within the intake, which allows the course to be combined with work.
Each module combines theory, guided reading of the original standard and applied exercises. The working software is Whitespace, Microsoft Word (version control), advanced Excel, Sapiens Reinsurance, in free, academic or evaluation versions. Practicals are based on real procedures for drafting treaty wordings, simulated renewal negotiations, and analysis of disputes and arbitrations. Assessment is continuous by module, plus a final integrative project.
Build it end to end
Your final project follows the real engineering workflow, step by step, reviewed by your tutor.
Analyse the structure and elements of a reinsurance contract.
Compare the main treaty models.
Interpret common clauses such as loss occurrence, follow the fortunes and arbitration.
Adapt a wording to the needs of the cedant and the reinsurer.
Negotiate terms when the contract is renewed.
Where this takes you
Requirements
- No prior qualification 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 between 10 and 15 hours a week on average, compatible with a full-time job.
The course uses Whitespace, Microsoft Word (version control), advanced Excel and Sapiens Reinsurance. Free, academic or evaluation versions are used, and the tutor will indicate the free alternative where one exists.
An own-award diploma from SEIUM Institute upon passing the continuous assessment and the integrative project. It is institute-specific 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. Check the credit transfer policy when you enrol.
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