Course in Innovation in Parametric Mobility Products
Online 300 h course in innovation in parametric mobility products. 6 modules covering Ley 50/1980 de Contrato de Seguro, Delegated Regulation (EU) 2017/2358 (product governance) and Python (FastAPI). Assigned tutor and open enrolment.
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
Identify opportunities for parametric products in mobility.
Select reliable transport indices and data sources.
Design the cover, the trigger and the payout amount.
Price the product and manage accumulation risk.
Automate issuance and payment through integrations.
Meet product governance and distribution requirements.
Present the launch of a parametric mobility product.
Who it's for
- Parametric insurance product manager who wants to specialise in Innovation in parametric mobility products.
- Product actuary who wants to specialise in Innovation in parametric mobility products.
- Integrations engineer who wants to specialise in Innovation in parametric mobility products.
- Mobility partnerships manager who wants to specialise in Innovation in parametric mobility products.
- Transport data analyst who wants to specialise in Innovation in parametric mobility products.
- Embedded distribution manager who wants to specialise in Innovation in parametric mobility products.
- Graduates in engineering or sciences who want to enter travel and mobility insurance.
What you'll work with
- Ley 50/1980 de Contrato de Seguro
- Delegated Regulation (EU) 2017/2358 (product governance)
- Directive (EU) 2016/97 on insurance distribution (IDD)
- Regulation (EU) 2023/2854 (Data Act)
- Regulation (EU) 2016/679 (GDPR)
- IAIS Application Paper on Index-Based Insurance (2018)
6 modules · 300 h
1.1What mobility insurance problems a parametric product solves1.2Fast payments and reduced management costs1.3Suitable risks: delay, cancellation, weather and service interruption1.4Unsuitable risks and why1.5Complement versus replacement of classic insurance1.6Customer expectations and designing the promise1.7Players: insurer, platform, data provider and distributor1.8Legal fit and insurable interest1.9Existing experiences in the market1.10Workshop: selecting a mobility risk for a parametric product
2.1Punctuality data for flights, trains and buses2.2Traffic and journey time data2.3Weather applied to mobility: rain, snow and wind2.4Fleet availability and service interruptions2.5Vehicle and mobility app data2.6Required temporal and spatial resolution2.7Index verifiability and calculation agent2.8Provider dependency and contingency plan2.9Risk of index manipulation2.10Practice: defining a delay index
3.1Activation threshold and payout level3.2Single, staged or proportional payment3.3Per-trip micro-covers and period covers3.4Integration at the point of trip purchase3.5Per-trip premium and aggregate premium3.6Basis risk and its communication to the customer3.7Plain language: what is paid and what is not3.8Preventing misunderstanding and complaints3.9Accessibility and responsible selling3.10Practice: designing a per-trip micro-cover
4.1Modelling the index distribution4.2Pure premium and loadings for a high-frequency product4.3Correlation between events: one delay affects many policyholders4.4Accumulation by airport, route or city4.5Portfolio simulation and aggregate loss4.6Reinsurance and capacity for mass-market products4.7Adverse selection in last-minute purchases4.8Profitability tracking by route and by period4.9Dynamic price adjustment and its limits4.10Practice: pricing a delay portfolio
5.1Technical architecture: contracting, calculation and payment5.2Automated payment without customer intervention5.3Integration with travel platforms and digital wallets5.4Traceability of the calculation and payment audit5.5Managing discrepancies and the complaints channel5.6Performance during mass-event peaks5.7Security and fraud prevention5.8Measuring the customer experience5.9Technology costs and break-even point5.10Practice: designing the technical flow of a parametric product
6.1Regulatory fit of the product and approval of terms6.2Product governance and monitoring6.3Pre-contractual information and index transparency6.4Embedded distribution and distributor responsibility6.5Data protection in embedded products6.6Business model and revenue sharing with the platform6.7Product success indicators6.8Scaling to new markets and transport modes6.9Common mistakes in mobility parametric products6.10Final project: a complete parametric mobility product
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 the course with work.
Each module combines theory, guided reading of the original standard and applied exercises. The working software is Python (FastAPI), AWS Lambda, Power BI, Postman, in free, academic or evaluation versions. Tests are studied using real design procedures for flight or train delay products, payment automation via API and proofs of concept with mobility data. Assessment is continuous per 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.
Identify opportunities for parametric products in mobility.
Select reliable transport indices and data sources.
Design the cover, the trigger and the payout amount.
Price the product and manage accumulation risk.
Automate issuance and payment through integrations.
Where this takes you
Requirements
- No prior degree is required.
- An 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 is 300 hours in total, spread over 3 to 5 months. That means an average of 10 to 15 hours per week, compatible with a full-time job.
You work with Python (FastAPI), AWS Lambda, Power BI, Postman. Free, academic or evaluation versions are used, and the tutor indicates the open-source alternative where one exists.
A SEIUM diploma of your own on passing the continuous assessment and the integrative project. It is in-house 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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