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Course in Insurance Transparency and International Reporting

Online 300-hour course in insurance transparency and international reporting. 6 modules covering IFRS 17 (insurance contracts), Directive 2009/138/EC (Solvency II: SFCR and RSR) and Workiva. 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

Understand the objectives and users of an insurance undertaking's reporting.

02

Interpret financial statements under IFRS 17 and IFRS 9.

03

Prepare the main contents of the SFCR report and the quantitative templates.

04

Reconcile accounting figures with those of the Solvency II balance sheet.

05

Prepare sustainability information in line with CSRD and ESRS.

06

Design controls and governance for the reporting process.

07

Communicate the financial and risk position transparently to different audiences.

Profile

Who it's for

  • Financial reporting technician in insurance who wishes to specialise in Insurance transparency and international reporting.
  • Solvency II regulatory reporting analyst who wishes to specialise in Insurance transparency and international reporting.
  • Sustainability information specialist who wishes to specialise in Insurance transparency and international reporting.
  • Auditor of insurance undertakings who wishes to specialise in Insurance transparency and international reporting.
  • Insurance company controller who wishes to specialise in Insurance transparency and international reporting.
  • Supervisory relations manager who wishes to specialise in Insurance transparency and international reporting.
  • Graduates in engineering or sciences seeking to enter insurance companies.
Standards & tools

What you'll work with

  • IFRS 17 (insurance contracts)
  • Directive 2009/138/EC (Solvency II: SFCR and RSR)
  • Directive (EU) 2022/2464 (CSRD)
  • IFRS 9 (financial instruments)
  • IFRS S1 and IFRS S2 (ISSB, sustainability and climate-related information)
  • Delegated Regulation (EU) 2023/2772 (ESRS standards)
  • Regulation (EU) 2020/852 (taxonomy)
Syllabus

6 modules · 300 h

  1. 1.1For whom reporting is prepared: supervisor, market and customer
  2. 1.2Types of reporting and their purpose
  3. 1.3Financial and non-financial information
  4. 1.4International financial reporting framework
  5. 1.5Solvency and financial condition reporting
  6. 1.6Information for the public and the market
  7. 1.7Sector vocabulary and acronyms
  8. 1.8Data quality and its governance
  9. 1.9Common reporting errors
  10. 1.10Exercise: inventory of an undertaking's reports
  1. 2.1International standard on insurance contracts
  2. 2.2Measurement of contracts and their models
  3. 2.3Contractual service margin
  4. 2.4Presentation of results and comparability
  5. 2.5Transition and restatement
  6. 2.6Interaction with financial instruments standards
  7. 2.7Judgements and estimates to be disclosed
  8. 2.8Audit of financial statements
  9. 2.9Communication to the market
  10. 2.10Practice: critical reading of a financial statement
  1. 3.1Quantitative solvency requirements
  2. 3.2Periodic reporting templates
  3. 3.3Own risk and solvency assessment report
  4. 3.4Report to the supervisor and the public
  5. 3.5Reporting calendar and deadlines
  6. 3.6Data quality and validation
  7. 3.7Interaction between prudential and accounting reporting
  8. 3.8Group supervision
  9. 3.9Common supervisory findings
  10. 3.10Practice: structure of a report to the supervisor
  1. 4.1European sustainability reporting legislation
  2. 4.2Reporting standards and double materiality
  3. 4.3Taxonomy and associated metrics
  4. 4.4Disclosure for financial products
  5. 4.5Required data and how to obtain it
  6. 4.6Independent assurance
  7. 4.7Risk of unfounded claims
  8. 4.8Integration with financial reporting
  9. 4.9Information governance
  10. 4.10Practice: index of a sustainability report
  1. 5.1Responsibilities and internal controls
  2. 5.2Data traceability back to source
  3. 5.3Automation of the reporting process
  4. 5.4Reconciliations between reports
  5. 5.5Error management and restatements
  6. 5.6Relationship with internal and external audit
  7. 5.7Team training
  8. 5.8Reporting quality indicators
  9. 5.9Continuous improvement of the process
  10. 5.10Practice: control plan for the reporting process
  1. 6.1Choice of undertaking and scope
  2. 6.2Inventory of reporting obligations
  3. 6.3Diagnosis of the current process
  4. 6.4Design of controls and traceability
  5. 6.5Automation plan
  6. 6.6Verification and audit plan
  7. 6.7Quality indicators
  8. 6.8Implementation plan
  9. 6.9Project report
  10. 6.10Project defence
Methodology, software & labs

How you'll learn

100% online training on the SEIUM campus, with downloadable material, recorded classes and an assigned technical tutor. 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 Workiva, CCH Tagetik, Arelle (XBRL), advanced Excel, Power BI, in free, academic or evaluation versions. Case studies are based on real procedures for preparing a report on financial and solvency position, reconciliation between IFRS 17 statements and the Solvency II economic balance sheet, and review of a sustainability report under ESRS. Assessment is continuous, module by module, plus the final integrative project.

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

Build it end to end

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

Choice of undertaking and scope

Understand the objectives and users of an insurance undertaking's reporting.

Inventory of reporting obligations

Interpret financial statements under IFRS 17 and IFRS 9.

Diagnosis of the current process

Prepare the main contents of the SFCR report and the quantitative templates.

Design of controls and traceability

Reconcile accounting figures with those of the Solvency II balance sheet.

Automation plan

Prepare sustainability information in line with CSRD and ESRS.

Career opportunities

Where this takes you

Financial reporting technician in insuranceSolvency II regulatory reporting analystSustainability information specialistAuditor of insurance undertakingsInsurance company controllerSupervisory relations manager
Admissions & scholarships

Requirements

  • No prior degree 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.

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FAQ

Frequently asked questions

The programme comprises 300 hours in total, spread over 3 to 5 months. That is an average of 10 to 15 hours per week, compatible with a full-time job.

The course works with Workiva, CCH Tagetik, Arelle (XBRL), advanced Excel and Power BI. 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 integrative 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. Please consult the credit transfer policy when you enrol.

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