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Course in Diversification Strategies in Reinsurance

Online 300 h course in diversification strategies in reinsurance. 6 modules covering Directive 2009/138/EC (Solvency II), Delegated Regulation (EU) 2015/35 and Igloo (WTW). Assigned tutor and open enrolment.

Duration300 h
ModeOnline
LanguageEnglish
Start datesSet by the faculty
AwardSEIUM Institute certificate
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Learning outcomes

What you will be able to do

01

Explain the role of diversification in the reinsurer's business model.

02

Analyse the geographic and line-of-business concentration of a portfolio.

03

Design expansion strategies into new lines, markets and clients.

04

Assess the effect of diversification on capital, retrocession and results.

05

Define risk appetite and strategy governance.

06

Plan execution with monitoring indicators.

07

Develop an integrating project for a diversification plan.

Profile

Who it's for

  • Business development director in reinsurance who wants to specialise in diversification strategies in reinsurance.
  • Reinsurance underwriter who wants to specialise in diversification strategies in reinsurance.
  • Strategic analyst who wants to specialise in diversification strategies in reinsurance.
  • Portfolio actuary who wants to specialise in diversification strategies in reinsurance.
  • Retrocession manager who wants to specialise in diversification strategies in reinsurance.
  • Reinsurance consultant who wants to specialise in diversification strategies in reinsurance.
  • Graduates in engineering or sciences seeking to enter reinsurance.
Standards & tools

What you'll work with

  • Directive 2009/138/EC (Solvency II)
  • Delegated Regulation (EU) 2015/35
  • IAIS Insurance Core Principles
  • Law 20/2015 (LOSSEAR)
  • EIOPA Guidelines on ORSA
  • ISO 31000 (risk management)
Syllabus

6 modules · 300 h

  1. 1.1What diversification adds and what it does not
  2. 1.2Diversification by line, zone and risk type
  3. 1.3Practical limits of diversification
  4. 1.4Effect on earnings volatility
  5. 1.5Effect on required capital
  6. 1.6Cost of entering new markets
  7. 1.7Sector vocabulary and acronyms
  8. 1.8Strategies of the main players
  9. 1.9Market cycle and opportunities
  10. 1.10Exercise: analysing a reinsurer's portfolio
  1. 2.1Composition by line and by region
  2. 2.2Contribution to earnings and volatility
  3. 2.3Internal correlations
  4. 2.4Concentrations and their identification
  5. 2.5Risk-adjusted profitability by segment
  6. 2.6Capital consumption by segment
  7. 2.7Loss-making segments and their treatment
  8. 2.8Data quality for the analysis
  9. 2.9Comparison with the market
  10. 2.10Practice: diagnosing a portfolio
  1. 3.1Entry into new lines
  2. 3.2Entry into new geographies
  3. 3.3Alliances and agreements with cedants
  4. 3.4Portfolio acquisition
  5. 3.5Creation of specialist teams
  6. 3.6Use of brokers to access the market
  7. 3.7Learning curve and initial risk
  8. 3.8Prudent growth pace
  9. 3.9Warning signs of unhealthy growth
  10. 3.10Practice: entry plan for a segment
  1. 4.1Diversification benefit in capital
  2. 4.2Limits of regulatory recognition
  3. 4.3Effect on credit rating
  4. 4.4Interaction with the retrocession programme
  5. 4.5Capital allocation to segments
  6. 4.6Profitability targets by segment
  7. 4.7Stress scenarios for the new portfolio
  8. 4.8Monitoring actual results
  9. 4.9Decision to exit a segment
  10. 4.10Practice: capital analysis of an expansion
  1. 5.1Risk appetite and limits by segment
  2. 5.2Governance of strategic decisions
  3. 5.3Resources, talent and systems
  4. 5.4Disciplined underwriting during growth
  5. 5.5Accumulation control when diversifying
  6. 5.6Monitoring indicators
  7. 5.7Board reporting
  8. 5.8Periodic review of the strategy
  9. 5.9Lessons from failed attempts
  10. 5.10Practice: diversification roadmap
  1. 6.1Selecting the reinsurer and its portfolio
  2. 6.2Diagnosis of concentration and results
  3. 6.3Identification of opportunities
  4. 6.4Prioritised diversification plan
  5. 6.5Capital and retrocession analysis
  6. 6.6System of limits and controls
  7. 6.7Indicators and governance
  8. 6.8Phased roadmap
  9. 6.9Plan report
  10. 6.10Defence of the project
Methodology, software & labs

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: students 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 Igloo (WTW), advanced Excel, Python (pandas), Tableau, in free, academic or evaluation versions. Practical work is based on real procedures for analysing concentration in the current portfolio, assessing new markets and lines, and studying diversification benefit. Assessment is continuous per module plus the final integrating project.

Accreditable laboratories(EN ISO/IEC 17025) with rotor rig, EMC/Lightning pre-compliance, HIL/SIL, vibration/acoustics.
Evidence-driven Master's Thesis:safety case, test plan, compliance dossier and operational limits.
Industry mentoring:lecturers with experience in training, , eVTOL/UAM and flight test.
Flexible mode(hybrid/online), international cohorts and support from SEIUM Career Services.
Ethics and safety:safety-by-design approach, cyber-OT, DIH and compliance as pillars.
Capstone project

Build it end to end

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

Selecting the reinsurer and its portfolio

Explain the role of diversification in the reinsurer's business model.

Concentration and results diagnosis

Analyse the geographic and line-of-business concentration of a portfolio.

Identification of opportunities

Design expansion strategies into new lines, markets and clients.

Prioritised diversification plan

Assess the effect of diversification on capital, retrocession and results.

Capital and retrocession analysis

Define risk appetite and strategy governance.

Career opportunities

Where this takes you

Business development director in reinsuranceReinsurance underwriterStrategic analystPortfolio actuaryRetrocession managerReinsurance consultant
Admissions & scholarships

Requirements

  • No prior degree 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.

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FAQ

Frequently asked questions

The programme totals 300 hours, spread over 3 to 5 months. That is between 10 and 15 hours per week on average, compatible with a full-time job.

The course uses Igloo (WTW), advanced Excel, Python (pandas) and Tableau. Free, academic or evaluation versions are used, and the tutor indicates the free alternative where one exists.

A SEIUM own diploma on passing the continuous assessment and the integrating 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 credited towards the advanced programme. Check the credit transfer policy when you enrol.

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