Course on Adapting Insurance Policies to Emerging Climate Risks
Online 300-hour course on adapting insurance policies to emerging climate risks. 6 modules covering Spanish Insurance Contract Law 50/1980, Directive 2009/138/EC (Solvency II) and the Copernicus Climate Data Store. 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 the emerging climate risks that require existing policy wordings to be reviewed.
Review policy wording to detect exclusions, ambiguities and coverage gaps.
Adapt cover, excesses and limits to new climate hazard scenarios.
Define the Boundary between private cover and that of the Insurance Compensation Consortium.
Assess the impact of changes on pricing, the portfolio and the reinsurance programme.
Communicate changes to the client transparently and in line with distribution regulations.
Draft a proposal for adapting a policy to climate risks.
Who it's for
- Insurance product officer wishing to specialise in Adapting policies to emerging climate risks.
- Natural hazards underwriter wishing to specialise in Adapting policies to emerging climate risks.
- Climate risk analyst wishing to specialise in Adapting policies to emerging climate risks.
- Pricing actuary wishing to specialise in Adapting policies to emerging climate risks.
- Sustainability manager at insurers wishing to specialise in Adapting policies to emerging climate risks.
- Reinsurance manager wishing to specialise in Adapting policies to emerging climate risks.
- Engineering or science graduates seeking to enter property and casualty insurance.
What you'll work with
- Law 50/1980 on Insurance Contracts
- Directive 2009/138/EC (Solvency II)
- Royal Legislative Decree 7/2004
- Regulation (EU) 2020/852 (Taxonomy)
- Regulation (EU) 2019/2088 (SFDR)
- Directive (EU) 2022/2464 (CSRD)
- ISO 14091 (Climate Change Adaptation)
6 modules · 300 h
1.1Mismatch between cover and current risks1.2Recent events and lessons from policy wording1.3Ambiguities that generate disputes1.4Silent exposure to climate risks1.5Client and supervisor expectations1.6Applicable product governance1.7Sector vocabulary and acronyms1.8Pace of risk change1.9Coordination with reinsurance1.10Exercise: identifying ambiguities in a policy wording
2.1Definition of the perils covered2.2Flood: definitions and their nuances2.3Wind, hail and their thresholds2.4Drought, heatwave and wildfire2.5Damage from gradual change2.6Wear-and-tear and maintenance exclusions2.7Peril-specific excesses2.8Waiting periods2.9Clear and understandable language2.10Practice: rewriting an ambiguous clause
3.1Sublimits by peril and by location3.2Complementary parametric cover3.3Cover for prevention measures3.4Rebuilding with improvement and its cost3.5Urgent mitigation costs3.6Business interruption from a natural event3.7Ecological transition cover3.8Products for highly exposed clients3.9Alternatives to non-renewal3.10Practice: proposing new cover
4.1Tariff review for climate exposure4.2Territorial segmentation of price4.3Effect on affordability4.4Managing a highly exposed portfolio4.5Required prevention conditions4.6Coordination with the reinsurance programme4.7Accumulation and zonal limits4.8Claims experience monitoring4.9Annual review of assumptions4.10Practice: portfolio review plan
5.1Product governance and its oversight5.2Comprehension testing with clients5.3Clear pre-contractual information5.4Communicating changes to the client5.5Training the distribution network5.6Handling cover-related complaints5.7Relationship with the supervisor5.8Product quality indicators5.9Periodic review of the policy wording5.10Practice: communication plan for a change
6.1Choice of product and market6.2Diagnosis of the current policy wording6.3Climate exposure analysis6.4Proposal for new wording6.5New cover and its price6.6Coordination with reinsurance6.7Communication and training plan6.8Monitoring indicators6.9Project report6.10Project defence
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, making it possible to combine study with work.
Each module combines theory, guided reading of the original standard and applied exercises. The working software is Copernicus Climate Data Store, QGIS, Python (xarray), R, advanced Excel, in free, academic or evaluation versions. Case studies are based on real procedures for reviewing actual policy wordings, workshops on redesigning cover, and climate exposure analysis of a portfolio. Assessment is continuous by module, plus the final integrating project.
Build it end to end
Your final project follows the real engineering workflow, step by step, reviewed by your tutor.
Identify the emerging climate risks that require existing policy wordings to be reviewed.
Review policy wording to detect exclusions, ambiguities and coverage gaps.
Adapt cover, excesses and limits to new climate hazard scenarios.
Define the boundary between private cover and that of the Consorcio de Compensación de Seguros.
Assess the impact of changes on pricing, the portfolio and the reinsurance programme.
Where this takes you
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.
Frequently asked questions
The programme totals 300 hours, spread over 3 to 5 months. That is an average of 10 to 15 hours per week, compatible with a full-time job.
You will work with Copernicus Climate Data Store, QGIS, Python (xarray), R and advanced Excel. Free, academic or evaluation versions are used, and the tutor will indicate the free alternative where one exists.
A SEIUM diploma upon passing continuous assessment and the integrating project. This 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 advanced programme. Check the credit transfer policy when you enrol.
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