Master’s in Compliance, Solvency & International Regulation Engineering
Online master's programme of 1,900 hours in Compliance, Solvency & International Regulation Engineering, structured in 12 modules covering insurance regulatory architecture, the three pillars of Solvency II, compliance, market conduct, operational resilience, accounting and reporting, comparative international regulation, sustainability, supervision and corporate governance, with an assigned technical tutor.
Master’s in Compliance, Solvency & International Regulation Engineering — studying from Ireland
Ireland is an established international hub for insurance, reinsurance and captive insurance, with Dublin hosting a large concentration of insurers, brokers and actuarial functions. The Central Bank of Ireland regulates insurance undertakings and the sector's solvency and conduct requirements. Engineers and analysts in this area work on risk modelling, catastrophe analysis, pricing and data-driven underwriting, often combining technical, statistical and regulatory expertise. Professional qualifications and standards are maintained by the Society of Actuaries in Ireland and related bodies.
Fees for Ireland: €7,920 (Euro), with instalments and employer sponsorship available.
Relevant bodies in Ireland
Typical roles
Questions from Ireland
Which professional bodies in Ireland relate to this area, and is this qualification recognised by them?
In Ireland, actuarial work is associated with the Society of Actuaries in Ireland, and risk and data professionals may also look to bodies such as the Institute of Banking. SEIUM's qualifications are private and not accredited by any national body, so they do not confer membership or exemptions from these bodies. Confirm any exemption policies directly with the relevant institute before enrolling.
How is training like this typically viewed by employers in Ireland's insurance and risk sector?
Insurers and financial firms in Ireland generally value recognised professional qualifications most highly. A private online qualification is judged on its content and on your demonstrated skills, including your final project. Employers decide whether it is relevant to a given role, so it is best used to support existing experience rather than as a standalone credential.
What is the practical workload and language requirement for studying this online?
Programmes are taught entirely in English and delivered 100% online, so you can study from anywhere in Ireland or abroad. Workload depends on the programme length: specialist courses are 300 hours, postgraduate diplomas 800 hours and master's programmes 1,900 hours. Each student has an assigned technical tutor, and fees can be paid in instalments.
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
Understand the international regulatory architecture of insurance.
Apply the three pillars of Solvency II.
Implement regulatory compliance management systems.
Oversee market conduct and product governance.
Comply with DORA, the AI Act and data protection rules.
Prepare accounting and regulatory information under IFRS 17.
Compare solvency regimes across jurisdictions.
Who it's for
- Regulatory compliance officers in insurers and reinsurers.
- Solvency analysts.
- Risk managers.
- Internal auditors in insurance.
- Regulatory consultants.
- Regulatory reporting managers.
- Engineering or science graduates aiming to join insurers.
What you'll work with
- Directive 2009/138/EC (Solvency II)
- Delegated Regulation (EU) 2015/35 (Solvency II implementing rules)
- IFRS 17 (insurance contracts)
- Law 20/2015 (Spanish Law on the regulation, supervision and solvency of insurers, LOSSEAR)
- Directive (EU) 2016/97 (Insurance Distribution Directive, IDD)
- Regulation (EU) 2022/2554 (Digital Operational Resilience Act, DORA)
- ISO 37301:2021 (compliance management systems)
- Law 10/2010 (Spanish anti-money laundering and counter-terrorist financing law)
- Tagetik (Wolters Kluwer)
- SAS Solvency II
- Moody's RiskIntegrity
- Power BI
- Python
12 modules · 1900 h
1.1Objectives of insurance regulation1.2IAIS and the Insurance Core Principles1.3European System of Financial Supervision1.4EIOPA and its role1.5National authorities and the DGSFP1.6The Lamfalussy legislative process1.7Regulatory and implementing technical standards1.8Guidelines and recommendations1.9Group supervision1.10Case study: regulatory map of a European insurance group
2.1Economic balance sheet2.2Technical provisions: best estimate2.3Risk margin2.4Own funds and tiers2.5SCR standard formula2.6Market and underwriting risk modules2.7Minimum capital requirement2.8Long-term guarantee measures2.9Internal models2.10Practical exercise: simplified SCR calculation
3.1System of governance3.2Key functions3.3Fit and proper requirements3.4ORSA3.5Remuneration policy3.6Outsourcing3.7SFCR report3.8RSR report3.9Quantitative reporting templates (QRT)3.10Case study: structure of an ORSA report
4.1The compliance function4.2Compliance risk map4.3Compliance management systems according to ISO 373014.4Criminal compliance and UNE 196014.5Anti-money laundering4.6International sanctions4.7Anti-bribery according to ISO 370014.8Whistleblowing channel and Law 2/20234.9Compliance training and culture4.10Workshop: compliance risk map
5.1Insurance Distribution Directive5.2Product oversight and governance5.3Insurance product information document5.4Insurance-based investment products5.5Conflicts of interest5.6Fair pricing practices5.7Complaints handling5.8Vulnerable customers5.9Conduct supervision5.10Practical exercise: review of a product's governance
6.1DORA Regulation6.2ICT risk management6.3ICT incident reporting6.4Resilience testing6.5Critical ICT third-party providers6.6Cloud outsourcing6.7The AI Act and insurance6.8Data protection6.9Model risk6.10Case study: DORA compliance plan
7.1IFRS 17: general model7.2Contractual service margin7.3Premium allocation approach7.4Variable fee approach7.5Transition to IFRS 177.6IFRS 9 in insurers7.7Reconciliation between IFRS 17 and Solvency II7.8Spanish chart of accounts for insurers7.9External audit7.10Lab: calculating the contractual service margin
8.1The UK regime after Brexit8.2Risk-based supervision in the USA8.3NAIC risk-based capital8.4Bermuda and its solvency regime8.5Switzerland and the SST8.6Asia-Pacific: capital regimes8.7Latin America and the adaptation of Solvency II8.8IAIS Insurance Capital Standard8.9Equivalence and mutual recognition8.10Practical exercise: comparing SCR, RBC and SST
9.1SFDR Regulation9.2EU Taxonomy9.3CSRD and ESRS standards9.4Sustainability risks in Solvency II9.5Sustainability preferences under the IDD9.6Climate stress tests9.7Transition plans9.8Greenwashing9.9Supervision of climate risks9.10Case study: climate integration in the ORSA
10.1Supervisory review process10.2On-site inspections10.3Requirements and measures10.4Penalty regime10.5Recovery plans10.6Resolution of insurers10.7Insurance guarantee schemes10.8Dialogue with the supervisor10.9Lessons from inspections10.10Workshop: preparing for a supervisory inspection
11.1The board of directors in insurers11.2Audit and risk committees11.3Directors' liability11.4Three lines of defence11.5Internal audit11.6Risk appetite11.7Culture and ethics11.8Reporting to the board11.9Board evaluation11.10Practical exercise: risk appetite framework
12.1Selection of the entity or regulatory problem12.2Analysis of the applicable framework12.3Compliance diagnosis12.4Impact quantification12.5Improvement proposals12.6Implementation plan12.7International comparative analysis12.8Conclusions12.9Master's Thesis report12.10Master's Thesis: defence before a panel
How you'll learn
100% online training on the SEIUM campus, with downloadable material, recorded classes and an assigned technical tutor. No fixed timetables: you progress at your own pace within the intake, so you can combine it with your job.
Each module combines theory, guided reading of the original standard and applied exercises. The working software is Tagetik (Wolters Kluwer), SAS Solvency II, Moody's RiskIntegrity, Power BI and Python, in free, academic or evaluation versions. Testing is studied through real procedures: SCR calculation with the standard formula, preparation of ORSA and SFCR reports and compliance diagnosis of an insurer. Assessment is continuous by module, plus the final Master's Thesis.
Standards covered: Directive 2009/138/EC (Solvency II), Delegated Regulation (EU) 2015/35, IFRS 17, Law 20/2015 (LOSSEAR), Directive (EU) 2016/97 (IDD), Regulation (EU) 2022/2554 (DORA), ISO 37301:2021 and Law 10/2010.
Build it end to end
Your final project follows the real engineering workflow, step by step, reviewed by your tutor.
Where this takes you
Requirements
- A university degree in engineering, science or architecture, or equivalent demonstrable professional experience.
- An internet connection and a computer capable of running the programme's software.
- English sufficient to read technical standards.
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 1,900 hours over 12–14 months. You set your own pace within each intake, and your tutor helps you plan the workload around your job.
You work with Tagetik (Wolters Kluwer), SAS Solvency II, Moody's RiskIntegrity, Power BI and Python, using free, academic or evaluation versions. Your tutor indicates the free alternative wherever one exists.
A SEIUM Institute diploma, awarded on passing the continuous assessment and the Master's Thesis. It is SEIUM's own qualification, not an official state degree; its recognition depends on the programme completed and the regulations of each country.
Yes. Modules passed in a course or postgraduate diploma in the same area are recognised in the higher programme. Ask about the recognition policy when you enrol.
A university degree in engineering, science or architecture (or equivalent professional experience), a computer able to run the programme's software and English sufficient to read technical standards.
Start dates are set by SEIUM's faculty for each intake. Our admissions team will confirm the next available date when you apply.
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