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Course in Solvency Assessment in Emerging Markets

Online 300-hour course in solvency assessment in emerging markets. 6 modules covering IAIS Insurance Core Principles (ICP), IAIS ComFrame and advanced Excel. 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 components of solvency of an insurance undertaking.

02

Compare risk-based prudential frameworks across different jurisdictions.

03

Identify risks specific to emerging markets.

04

Apply quantitative and qualitative solvency assessment techniques.

05

Design stress tests covering currency, sovereign and liquidity risks.

06

Propose mitigation and monitoring measures.

07

Prepare a solvency report for an insurer in an emerging market.

Profile

Who it's for

  • International solvency analyst who wants to specialise in Solvency Assessment in Emerging Markets.
  • Country risk analyst who wants to specialise in Solvency Assessment in Emerging Markets.
  • International insurance expansion manager who wants to specialise in Solvency Assessment in Emerging Markets.
  • Insurance supervisor who wants to specialise in Solvency Assessment in Emerging Markets.
  • Credit rating analyst who wants to specialise in Solvency Assessment in Emerging Markets.
  • Risk management consultant who wants to specialise in Solvency Assessment in Emerging Markets.
  • Engineering or science graduates looking to join international insurance groups.
Standards & tools

What you'll work with

  • IAIS Insurance Core Principles (ICP)
  • IAIS ComFrame
  • IAIS Insurance Capital Standard (ICS)
  • Directive 2009/138/EC (Solvency II), equivalence regime
  • Solvency Assessment and Management (SAM, South Africa)
  • C-ROSS (China)
  • Insurance and Surety Institutions Law (Mexico)
Syllabus

6 modules · 300 h

  1. 1.1What it means to be solvent in insurance
  2. 1.2Technical provisions and their nature
  3. 1.3Own funds and their classification
  4. 1.4Solvency Capital Requirement
  5. 1.5Minimum Capital Requirement and the intervention ladder
  6. 1.6Risks that consume capital
  7. 1.7Sector vocabulary and acronyms
  8. 1.8Difference between solvency and profitability
  9. 1.9The role of the supervisor
  10. 1.10Exercise: reading a solvency report
  1. 2.1The European framework and its three pillars
  2. 2.2Risk-based frameworks in other markets
  3. 2.3Factor-based regimes
  4. 2.4Differences in the valuation of liabilities
  5. 2.5Treatment of reinsurance
  6. 2.6Equivalence between regimes
  7. 2.7Supervision of cross-border groups
  8. 2.8International convergence trends
  9. 2.9Sources of information by market
  10. 2.10Practice: comparing two regimes
  1. 3.1Data quality and availability
  2. 3.2Macroeconomic volatility and inflation
  3. 3.3Currency and interest rate risk
  4. 3.4Sovereign and local asset risk
  5. 3.5Exposure to natural catastrophes
  6. 3.6Market capacity and reinsurance
  7. 3.7Supervisory maturity and practice
  8. 3.8Political and regulatory change risk
  9. 3.9Informality and insurance penetration
  10. 3.10Practice: analysing a specific market
  1. 4.1Analysis of financial statements
  2. 4.2Solvency and liquidity indicators
  3. 4.3Adequacy of technical provisions
  4. 4.4Asset quality and concentration
  5. 4.5Analysis of the reinsurance programme
  6. 4.6Stress testing and scenarios
  7. 4.7Projections and sensitivity
  8. 4.8External ratings and how to read them
  9. 4.9Early warning signals
  10. 4.10Practice: solvency assessment of an undertaking
  1. 5.1Using the assessment in business decisions
  2. 5.2Selecting partners and reinsurers
  3. 5.3Mitigation through structure and guarantees
  4. 5.4Contractual solvency requirements
  5. 5.5Periodic monitoring and triggers
  6. 5.6Contingency plan for deterioration
  7. 5.7Internal communication of the assessment
  8. 5.8Documentation and traceability
  9. 5.9Limitations of the analysis
  10. 5.10Practice: recommendation report
  1. 6.1Choosing the market and the undertaking
  2. 6.2Analysis of the applicable prudential framework
  3. 6.3Financial and solvency assessment
  4. 6.4Stress tests and scenarios
  5. 6.5Identification of key risks
  6. 6.6Proposed mitigation measures
  7. 6.7Monitoring plan
  8. 6.8Reasoned recommendation
  9. 6.9Analysis 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. There are no fixed timetables: students progress at their own pace within the intake, which makes it possible to combine the programme with work.

Each module combines theory, guided reading of the original standard and applied exercises. The working software is advanced Excel, R, S&P Capital IQ, Power BI, in free, academic or evaluation versions. Tests are studied using real procedures for comparative analysis of prudential frameworks, stress tests with macroeconomic scenarios, and assessment of emerging market undertakings. Assessment is continuous, per module, plus the final integrative project.

Accredited laboratories(EN ISO/IEC 17025) with rotor test 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 a track record in training, , eVTOL/UAM and flight test.
Flexible format(hybrid/online), international cohorts and support from SEIUM Career Services.
Ethics and safety:a safety-by-design approach, with cyber-OT, DIH and compliance as its pillars.
Capstone project

Build it end to end

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

Choosing the market and the undertaking

Explain the components of solvency of an insurance undertaking.

Analysis of the applicable prudential framework

Compare risk-based prudential frameworks across different jurisdictions.

Financial and solvency assessment

Identify risks specific to emerging markets.

Stress tests and scenarios

Apply quantitative and qualitative solvency assessment techniques.

Identification of key risks

Design stress tests covering currency, sovereign and liquidity risks.

Career opportunities

Where this takes you

International solvency analystCountry risk analystInternational insurance expansion managerInsurance supervisorCredit rating analystRisk management consultant
Admissions & scholarships

Requirements

  • No prior degree is 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 consists of 300 hours in total, spread over 3 to 5 months. That is between 10 and 15 hours a week on average, compatible with full-time work.

The programme works with advanced Excel, R, S&P Capital IQ and Power BI. Free, academic or evaluation versions are used, and the tutor indicates the free alternative where one exists.

A SEIUM diploma upon 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 are credited towards the higher-level programme. Check the recognition policy when you enrol.

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