Diploma in Aviation Risk and Aircraft Fleet Insurance
Online postgraduate diploma of 800 hours in aviation risk and aircraft fleet insurance. 8 modules covering fleet exposure, safety regulation, aircraft technical risks, fleet insurance cover, underwriting, loss modelling and operator risk management, with Regulation (EC) 785/2004, Regulation (EU) 2018/1139 and Cirium, with an assigned technical tutor.
Diploma in Aviation Risk and Aircraft Fleet Insurance — studying from Canada
Canada's off-road and heavy machinery sector serves mining, forestry, agriculture and construction, all major contributors to the national economy. Manufacturers and dealers in Ontario, Alberta, Saskatchewan and British Columbia supply equipment for resource extraction and infrastructure. Mining activity in Northern Ontario, Quebec and the territories drives demand for rugged vehicle engineering and maintenance expertise. Engineers work on hydraulics, drivetrains, machine safety and special vehicle design.
Fees for Canada: C$2,790 (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 off-road and special vehicle engineering?
SEIUM's qualifications are private, not official state degrees, and are not accredited nationally in Canada. Professional engineering titles are regulated provincially, and vehicle and equipment safety is governed by standards such as those from the CSA and rules from Transport Canada where applicable. Recognition of a private qualification is decided by employers or the relevant body.
What employers in Canada might value this qualification for special vehicles and machinery?
Employers could include mining, forestry, agricultural, construction and specialist vehicle manufacturers across Canada. Each employer decides how much weight to place on a private qualification, and practical experience is often central in these sectors. The final project can demonstrate applied capability, but it does not guarantee any role.
How can I study this while working in Canada, and how is it funded?
The programme is online and in English, so you can study from anywhere in Canada without a student visa. Choose from 300-hour specialist courses, 800-hour postgraduate diplomas or 1,900-hour master's programmes. Fees are payable in instalments, and employer sponsorship is possible, which some Canadian employers offer for job-relevant training.
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
Assess the risk exposure of an aircraft fleet.
Evaluate the operator's safety performance.
Identify the technical risks of aircraft.
Design hull and liability cover for fleets.
Underwrite and price aviation programmes.
Model frequent and catastrophic losses.
Propose risk management plans for the operator.
Who it's for
- Aviation underwriters at insurers and reinsurers.
- Aviation insurance brokers placing fleet programmes.
- Airline risk managers responsible for the insurance programme.
- Specialty lines actuaries pricing aviation risks.
- Aviation safety analysts working with operational data.
- Insurance managers at aircraft leasing companies.
- Engineering or science graduates looking to move into aviation insurance.
What you'll work with
- Regulation (EC) 785/2004 (insurance requirements for air carriers and operators)
- Regulation (EU) 2018/1139 (common rules in civil aviation and EASA)
- Cape Town Convention 2001 (international interests in aircraft equipment)
- Regulation (EU) 965/2012 (air operations requirements)
- Montreal Convention 1999 (air carrier liability)
- AVN 48B clause (war, hijacking and other perils exclusion)
- Directive 2009/138/EC Solvency II (insurer capital and solvency requirements)
- Cirium
- AMOS (Swiss AviationSoftware)
- Palisade @RISK
- Microsoft Power BI
8 modules
1.1Composition of commercial and regional fleets1.2Hull value and aircraft appraisal1.3Exposure per passenger and per route1.4Operations at complex airports1.5Operating and finance leases1.6Cape Town Convention1.7Business and general aviation1.8Helicopter fleets and aerial work1.9Geopolitical factors and conflict-zone airspace1.10Workshop: risk profile of a fleet
2.1Regulation (EU) 2018/1139 and EASA2.2Regulation (EU) 965/2012 on air operations2.3Safety management systems2.4IATA IOSA audits2.5Flight data monitoring (FDM)2.6Just culture and occurrence reporting2.7Safety performance indicators2.8Continuing airworthiness management2.9EU Air Safety List2.10Practical exercise: assessing an operator's SMS
3.1Engine failures and foreign object damage3.2Landing gear incidents3.3Bird strikes and hail3.4Ground and handling damage3.5Structural ageing and fatigue3.6Airworthiness directives3.7Component reliability3.8Maintenance at Part-145 organisations3.9Technical records management3.10Case study: ground damage during towing
4.1Hull all risks4.2Hull war and allied perils4.3Combined single limit liability4.4Spares and parts in transit4.5Hull deductibles4.6Agreed value and total loss4.7AVN 67 lessor clauses4.8Passenger cover under Regulation 785/20044.9Loss of use and loss of profit4.10Workshop: structure of a fleet programme
5.1Underwriting information5.2Fleet loss experience5.3Rates per passenger and per hull5.4Benchmarking against similar fleets5.5Market capacity and leaders5.6The aviation market cycle5.7Co-insurance and reinsurance5.8Capital and Solvency II5.9Annual programme renewal5.10Practical exercise: quoting a low-cost airline
6.1Accident frequency by flight phase6.2Severity and losses per passenger6.3Large loss distributions6.4Accumulation scenarios at airports6.5War and terrorism losses6.6Stochastic simulation6.7Cirium data and accident databases6.8Model validation6.9Use of models in reinsurance6.10Lab: simulating annual losses for a fleet
7.1Risk management programme7.2Ground damage prevention7.3Route risk management7.4Emergency response plans7.5Management of handling providers7.6Training for crews and technicians7.7Loss ratio indicators7.8Communication with insurers7.9Continuous improvement7.10Case study: ground damage reduction plan
8.1Description of the fleet and operations8.2Exposure analysis8.3Safety assessment8.4Design of cover8.5Loss modelling8.6Pricing proposal8.7Risk management plan8.8Conclusions8.9Report and presentation8.10Final project: final review with the tutor
How you'll learn
100% online training on the SEIUM campus, with downloadable material, recorded classes and an assigned technical tutor. There are no fixed timetables: you progress at your own pace within the intake, so it can be combined with work.
Each module combines theory, guided reading of the original regulations and applied exercises. The working software is Cirium, AMOS by Swiss AviationSoftware, Palisade @RISK and Microsoft Power BI, in free, academic or evaluation versions. Exercises are based on real procedures: risk profile assessment of commercial fleets, modelling of hull and liability losses, and analysis of ground damage during operations. Assessment is continuous by module, plus the final project.
Standards covered: Regulation (EC) 785/2004, Regulation (EU) 2018/1139, Cape Town Convention 2001, Regulation (EU) 965/2012, Montreal Convention 1999, AVN 48B clause, Directive 2009/138/EC (Solvency II).
Build it end to end
Your final project follows the real engineering workflow, step by step, reviewed by your tutor.
Where this takes you
Requirements
- Prior technical training or professional experience in the sector. No university degree is required.
- An internet connection and a computer capable of running the programme software.
- English sufficient to read technical standards.
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 totals 800 hours over 6–8 months. You set your own pace within each intake, and your tutor helps you plan the workload around your job.
You work with Cirium, AMOS by Swiss AviationSoftware, Palisade @RISK and Microsoft Power BI, using free, academic or evaluation versions. Your tutor indicates the free alternative wherever one exists.
A SEIUM Institute diploma, awarded on passing the continuous assessment and the final project. It is SEIUM's own qualification, not an official state degree; its recognition depends on the programme completed and the regulations of each country.
Yes. Modules passed are recognised in a higher programme in the same area (postgraduate diploma or master's). Ask about the recognition policy when you enrol.
Prior technical training or professional experience in the sector (no university degree required), a computer able to run the software, and English sufficient to read technical standards.
Start dates are set by SEIUM's faculty for each intake. Our admissions team will confirm the next available date when you apply.
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