Master’s in Enterprise Risk and Insurance Engineering in Transport & Infrastructure
Online master's programme of 1,900 hours in enterprise risk and insurance engineering for transport and infrastructure: 12 modules covering enterprise risk management, risk quantification, insurance contracts, cargo, hull and liability cover, construction insurance, catastrophe, climate and cyber risk, business continuity, claims and insurance programme management, with an assigned technical tutor.
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
Implement risk management systems based on ISO 31000 and COSO ERM.
Quantify losses using frequency, severity and simulation models.
Apply the legal framework of the insurance contract and carrier liability.
Design insurance programmes for fleets, hulls and infrastructure.
Assess catastrophe, climate and cyber risks.
Prepare business continuity plans in line with ISO 22301.
Optimise risk retention and transfer through captives and reinsurance.
Who it's for
- Risk managers in transport operators and infrastructure owners.
- Transport insurance brokers.
- Engineering risk underwriters.
- Loss adjusters.
- Business continuity managers.
- Catastrophe risk analysts.
- Engineering or science graduates aiming to move into maritime and air transport.
What you'll work with
- ISO 31000:2018 (risk management guidelines)
- Spanish Act 50/1980 (Insurance Contract Act)
- Directive 2009/138/EC (Solvency II) (insurance and reinsurance)
- ISO 22301:2019 (business continuity management systems)
- CMR Convention (international carriage of goods by road)
- Montreal Convention 1999 (international carriage by air)
- Directive (EU) 2022/2555 (NIS2) (cybersecurity across the Union)
- Directive (EU) 2016/97 (insurance distribution)
- Python
- @RISK
- QGIS
- Oasis Loss Modelling Framework
- Microsoft Power BI
12 modules · 1900 h
1.1ISO 31000 principles1.2COSO ERM framework1.3Risk appetite and tolerance1.4Risk taxonomy in transport and infrastructure1.5Risk identification and registers1.6Qualitative and quantitative assessment1.7Three lines model1.8Risk culture in the organisation1.9Risk reporting to the board1.10Case study: risk map of a port operator
2.1Frequency and severity distributions2.2Probable maximum loss2.3Aggregate loss models2.4Monte Carlo loss simulation2.5Extreme value theory2.6Loss scenario analysis2.7Fault trees and event trees2.8Quantifying business interruption2.9Correlation and dependence between risks2.10Lab: aggregate losses with Python
3.1Principles of the insurance contract3.2Spanish Insurance Contract Act 50/19803.3Risk and insurable interest3.4Premiums, deductibles and limits3.5Co-insurance and reinsurance3.6The insurance market and Lloyd's3.7Insurance brokers and agents3.8Insurance Distribution Directive3.9Solvency II and insurance supervision3.10Exercise: analysis of policy terms and conditions
4.1Institute Cargo Clauses4.2Incoterms 2020 and transfer of risk4.3Carrier liability under the CMR4.4Montreal Convention for air cargo4.5Hague-Visby and Rotterdam Rules4.6Spanish Land Transport Act 15/20094.7General average and the York-Antwerp Rules4.8Cargo claims and surveys4.9Insurance for logistics operators and warehouses4.10Case study: claim for damage to a container
5.1Marine hull insurance5.2P&I clubs and shipowner liability5.3Aviation hull insurance5.4Regulation (EC) 785/2004 on air carrier insurance5.5Vehicle fleet insurance5.6Civil liability of rail operators5.7Compulsory passenger insurance5.8Pollution and environmental liability5.9War and terrorism insurance5.10Workshop: insurance programme for a shipping company
6.1Contractors' and erection all risks6.2Third-party liability during construction6.3Ten-year latent defects insurance6.4Property damage during operation6.5Loss of profits and business interruption6.6Machinery breakdown insurance6.7Surety bonds and performance guarantees6.8Owner-controlled insurance programmes6.9Extraordinary risks and the Spanish Insurance Compensation Consortium6.10Case study: insurance for a motorway under construction
7.1Natural hazards affecting infrastructure7.2Flood modelling7.3Earthquakes and structural vulnerability7.4Heatwaves and their effects on tracks7.5Catastrophe models and exceedance curves7.6Catastrophe bonds and alternative risk transfer7.7Index-based parametric insurance7.8Climate adaptation and resilience7.9Climate scenarios and physical risk7.10Lab: flood exposure with GIS
8.1Threats to OT and control systems8.2NIS2 Directive and essential entities8.3Directive (EU) 2022/2557 on critical entities8.4Cyber insurance policies8.5Ransomware and operational continuity8.6Cyber risk quantification with FAIR8.7Cyber underwriting requirements8.8Incident response and notification8.9Digital supply chain risk8.10Case study: cyber risk of an airport
9.1Business continuity systems under ISO 223019.2Business impact analysis9.3Recovery strategies9.4Writing business continuity plans9.5Crisis management and communication9.6Exercises, testing and maintenance9.7Mapping critical dependencies9.8Operational resilience indicators9.9Lessons from major disruptions9.10Exercise: business impact analysis of a terminal
10.1Claims management process10.2Technical surveying of property damage10.3Investigating the causes of losses10.4Loss adjustment and settlement10.5Recoveries and subrogation10.6Insurance fraud detection10.7Insurance litigation and arbitration10.8Management of complex claims10.9Loss indicators and ratios10.10Workshop: adjusting a business interruption loss
11.1Designing a corporate programme11.2Captive insurance and reinsurance11.3Risk retention versus risk transfer11.4Tendering for brokers and insurers11.5Total cost of risk11.6Insurance required in contracts and concessions11.7International insurance programmes11.8Presenting risks to the market11.9Insurance and ESG criteria11.10Case study: optimal retention with a captive
12.1Selection of the organisation or asset12.2Risk identification and assessment12.3Quantification of potential losses12.4Retention and transfer strategy12.5Insurance programme design12.6Continuity and resilience12.7Cost-benefit analysis of the measures12.8Risk management roadmap12.9Master'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. There are no fixed timetables: you progress at your own pace within the intake, so the programme is compatible with work.
Each module combines theory, guided reading of the original regulations and standards, and applied exercises. The working software is Python, @RISK, QGIS, Oasis Loss Modelling Framework and Microsoft Power BI, in free, academic or evaluation versions. Exercises are built on real procedures: loss quantification with simulation, design of an insurance programme and business impact analysis. Assessment is continuous by module, plus the final Master's Thesis.
Standards covered: ISO 31000:2018, Spanish Act 50/1980, Directive 2009/138/EC (Solvency II), ISO 22301:2019, CMR Convention, Montreal Convention 1999, Directive (EU) 2022/2555 (NIS2), Directive (EU) 2016/97.
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
- University degree in engineering, science or architecture, or equivalent demonstrable professional experience.
- Internet connection and a computer capable of running the programme 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 Python, @RISK, QGIS, Oasis Loss Modelling Framework and Microsoft Power BI, 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 suitable computer 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.
Related programmes
Master’s in Urban Mobility and Freight Governance Engineering
Online master's programme of 1,900 hours in urban mobility and freight governance engineering. 12 modules covering urban freight distribution, freight data and modelling, governance, access and…
Master’s in Incubation/Spin-off Engineering from Universities and Technology Centres
Online master's programme of 1,900 hours in incubation and spin-off engineering from universities and technology centres. 12 modules covering academic spin-offs and their legal framework, technology…
Master’s in Commercial, Product & Experience Engineering
Online master's programme of 1,900 hours in commercial, product and experience engineering. 12 modules covering technology marketing, product management, user-centred design, pricing, channels and sales, customer…
More in Business, Management & Technology Policy
All Business, Management & Technology Policy programmes → · How to apply · Fees & financing · Scholarships