Master'sInsurance, Risk & Actuarial Data Applications open

Master’s in Risk Management in Ports, Rail and Airports Engineering

Online master's programme of 1,900 hours in Risk Management Engineering for Ports, Railways and Airports. 12 modules covering critical transport infrastructure, enterprise risk management, port, rail and airport risks, quantitative risk techniques, resilience and continuity, cybersecurity, asset management, risk transfer and governance, with an assigned technical tutor.

Duration1900 h
ModeOnline
LanguageEnglish
Start datesSet by the faculty
AwardSEIUM Institute diploma

Master’s in Risk Management in Ports, Rail and Airports Engineering — 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$12,400 (Canadian dollar), with instalments and employer sponsorship available.

Relevant bodies in Canada

  • Office of the Superintendent of Financial Institutions (OSFI)
  • Canadian Institute of Actuaries (CIA)
  • Financial Services Regulatory Authority of Ontario (FSRA)
  • Insurance Bureau of Canada (IBC)

Typical roles

  • Actuarial Analyst
  • Risk Analyst
  • Data Scientist – Insurance
  • Reserving Analyst

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.

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Learning outcomes

What you will be able to do

01

Analyse the risks of ports, railways and airports.

02

Implement enterprise risk management systems.

03

Apply quantitative risk assessment techniques.

04

Design resilience and business continuity plans.

05

Assess cybersecurity risks in operational systems.

06

Optimise risk-based asset management.

07

Structure risk transfer through insurance.

Profile

Who it's for

  • Infrastructure risk managers at port authorities, rail infrastructure managers and airport operators.
  • Railway safety managers responsible for safety management systems.
  • Business continuity analysts working on critical transport services.
  • RAMS engineers assessing reliability, availability and safety.
  • Port security managers applying the ISPS Code.
  • Resilience consultants advising infrastructure operators.
  • Engineering or science graduates aiming to work for port authorities.
Standards & tools

What you'll work with

  • ISO 31000:2018 (risk management guidelines)
  • ISO 22301:2019 (business continuity management systems)
  • Directive (EU) 2022/2557 (resilience of critical entities)
  • Law 8/2011 (Spanish critical infrastructure protection act)
  • Directive (EU) 2016/798 (railway safety)
  • Implementing Regulation (EU) 402/2013 (common safety method for risk assessment)
  • ISPS Code (security of ships and port facilities)
  • Regulation (EU) 139/2014 (requirements for aerodromes)
  • Isograph Reliability Workbench
  • Active Risk Manager
  • @RISK
  • GeNIe
  • Power BI
Syllabus

12 modules · 1900 h

  1. 1.1Ports, railways and airports as systems
  2. 1.2Interdependencies between infrastructures
  3. 1.3Law 8/2011 on the protection of critical infrastructure
  4. 1.4Directive (EU) 2022/2557 on the resilience of critical entities
  5. 1.5Governance models and concessions
  6. 1.6Public and private stakeholders
  7. 1.7Critical assets and essential services
  8. 1.8Operational performance indicators
  9. 1.9History of major incidents
  10. 1.10Case study: interdependency map of a logistics hub
  1. 2.1The ISO 31000 framework
  2. 2.2The COSO ERM framework
  3. 2.3Risk appetite and tolerance
  4. 2.4Risk identification
  5. 2.5Analysis and evaluation
  6. 2.6Treatment and controls
  7. 2.7Risk register
  8. 2.8Key risk indicators
  9. 2.9Integration with strategy
  10. 2.10Workshop: risk register for a port authority
  1. 3.1Berthing and mooring operations
  2. 3.2Container handling equipment
  3. 3.3Dry bulk and liquid bulk terminals
  4. 3.4Dangerous goods in port
  5. 3.5The ISPS Code for port security
  6. 3.6Fires and explosions at terminals
  7. 3.7Marine pollution
  8. 3.8Weather and wave risks
  9. 3.9Port self-protection plan
  10. 3.10Practical exercise: risk analysis of a container terminal
  1. 4.1The railway system: track, power and signalling
  2. 4.2Directive (EU) 2016/798 on railway safety
  3. 4.3Railway safety management system
  4. 4.4Derailments and collisions
  5. 4.5Level crossings
  6. 4.6Railway tunnels
  7. 4.7ERTMS/ETCS and signalling risks
  8. 4.8Rolling stock and maintenance
  9. 4.9Common safety method for risk assessment
  10. 4.10Case study: assessment of a change under the CSM
  1. 5.1Aerodrome certification
  2. 5.2Safety management system
  3. 5.3Risks in the movement area
  4. 5.4Civil aviation security
  5. 5.5Wildlife and bird strike hazard
  6. 5.6Fuel and storage depots
  7. 5.7Airport emergency management
  8. 5.8Works at operational airports
  9. 5.9Coordination with air navigation services
  10. 5.10Practical exercise: risk assessment of apron works
  1. 6.1Fault tree analysis
  2. 6.2Event trees
  3. 6.3Bow-tie analysis
  4. 6.4RAMS analysis
  5. 6.5Asset reliability models
  6. 6.6Monte Carlo simulation
  7. 6.7Bayesian networks
  8. 6.8Consequence analysis
  9. 6.9Risk acceptability criteria
  10. 6.10Lab: fault tree of a signalling system
  1. 7.1Business continuity according to ISO 22301
  2. 7.2Business impact analysis
  3. 7.3Recovery plans
  4. 7.4Climate resilience of infrastructure
  5. 7.5Prolonged disruption scenarios
  6. 7.6Redundancies and alternative routes
  7. 7.7Exercises and drills
  8. 7.8Crisis communication
  9. 7.9Lessons learned from major events
  10. 7.10Case study: business continuity plan for a port
  1. 8.1OT systems in transport
  2. 8.2The NIS2 Directive
  3. 8.3The Spanish National Security Framework (ENS)
  4. 8.4Physical security and perimeters
  5. 8.5Cyber attacks on transport operators
  6. 8.6Identity and access management
  7. 8.7Protection of signalling systems
  8. 8.8Incident response
  9. 8.9Coordination with authorities
  10. 8.10Practical exercise: cyber risk assessment of a terminal
  1. 9.1Asset management according to ISO 55001
  2. 9.2Asset life cycle
  3. 9.3Criticality and prioritisation
  4. 9.4Risk-based maintenance
  5. 9.5Inspections and monitoring
  6. 9.6Digital twins of infrastructure
  7. 9.7Investment planning
  8. 9.8Condition indicators
  9. 9.9BIM data in operation
  10. 9.10Workshop: criticality matrix for railway assets
  1. 10.1Infrastructure insurance programmes
  2. 10.2Material damage and business interruption
  3. 10.3Operators' liability
  4. 10.4Construction insurance for expansions
  5. 10.5Concession contracts and required insurance
  6. 10.6Captives of infrastructure groups
  7. 10.7Self-insurance and deductibles
  8. 10.8Reinsurance of large risks
  9. 10.9Management of significant claims
  10. 10.10Case study: insurance programme for an airport
  1. 11.1Senior management responsibilities
  2. 11.2Safety audits
  3. 11.3Inspections by competent authorities
  4. 11.4Accident investigation
  5. 11.5Just safety culture
  6. 11.6Occurrence reporting
  7. 11.7Risk committees
  8. 11.8Integrated risk reporting
  9. 11.9Indicators for senior management
  10. 11.10Practical exercise: risk report for the board
  1. 12.1Selection of the infrastructure
  2. 12.2Regulatory and organisational context
  3. 12.3Risk identification
  4. 12.4Quantitative assessment
  5. 12.5Treatment plan
  6. 12.6Continuity plan
  7. 12.7Transfer strategy
  8. 12.8Conclusions
  9. 12.9Master's Thesis report
  10. 12.10Master's Thesis: defence before a panel
Methodology, software & labs

How you'll learn

100% online training on the SEIUM campus, with downloadable materials, recorded classes and an assigned technical tutor. There are no fixed timetables: you progress at your own pace within each intake, so the programme is compatible with work.

Each module combines theory, guided reading of the original standard and applied exercises. The working software is Isograph Reliability Workbench, Active Risk Manager, @RISK, GeNIe and Power BI, in free, academic or evaluation versions. Exercises are based on real procedures: quantitative risk assessment of transport infrastructure, design of business continuity plans, and asset criticality analysis. Assessment is continuous by module, plus the final Master's Thesis.

Standards covered: ISO 31000:2018, ISO 22301:2019, Directive (EU) 2022/2557 on the resilience of critical entities, Law 8/2011 on critical infrastructure protection, Directive (EU) 2016/798 on railway safety, Implementing Regulation (EU) 402/2013 on the common safety method, the ISPS Code and Regulation (EU) 139/2014 on aerodromes.

Assigned technical tutor:every module ends with a deliverable that your tutor marks individually.
Standards-based learning:guided reading of ISO 31000, ISO 22301, the CER Directive and the railway common safety method applied to real cases, not as a theoretical annex.
Industry software:Isograph Reliability Workbench, Active Risk Manager, @RISK, GeNIe and Power BI, in free, academic or evaluation versions.
Master's Thesis with defence:a complete risk management, continuity and risk transfer plan for a real port, railway or airport infrastructure, defended before a panel.
Flexible format:100% online, no fixed timetables, compatible with full-time work.
Capstone project

Build it end to end

Your final project follows the real engineering workflow, step by step, reviewed by your tutor.

Interdependency mapping
Map the interdependencies and critical assets of a transport hub.
Risk register
Build the risk register and key risk indicators for an infrastructure operator.
Quantitative assessment
Assess risks with fault trees, bow-ties and Monte Carlo simulation.
Continuity and transfer
Design a business continuity plan and an insurance programme.
Master's Thesis
Deliver a full risk treatment, continuity and transfer strategy for a real infrastructure, defended before a panel.
Career opportunities

Where this takes you

Infrastructure risk managerRailway safety managerBusiness continuity analystRAMS engineerPort security managerResilience consultant
Admissions & scholarships

Requirements

  • University degree in engineering, science or architecture, or equivalent demonstrable professional experience.
  • 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.

FAQ

Frequently asked questions

The programme totals 1,900 hours over 12–14 months. You set your own pace within each intake, and your tutor helps you plan the workload around your job.

You work with Isograph Reliability Workbench, Active Risk Manager, @RISK, GeNIe and 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 Master's Thesis. 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 in a course or postgraduate diploma in the same area are recognised in the higher programme. Ask about the recognition policy when you enrol.

A university degree in engineering, science or architecture, or equivalent professional experience, plus a suitable computer 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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