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Master’s in Insurance for Energy and Grid Projects Engineering (Construction/Operational All Risks)

Online master's programme of 1,900 hours in Insurance Engineering for Energy and Grid Projects (Construction/Operational All Risks). 12 modules covering energy project risk, CAR/EAR and OAR insurance, renewable and grid risk engineering, natural catastrophes, contracts, loss estimation, claims, market and reinsurance and the energy transition, with an assigned technical tutor.

Duration1900 h
ModeOnline
LanguageEnglish
Start datesSet by the faculty
AwardSEIUM Institute diploma
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Learning outcomes

What you will be able to do

01

Analyse the technical risks of energy and grid projects.

02

Design CAR/EAR and OAR programmes for energy projects.

03

Assess the specific risks of renewable and storage technologies.

04

Estimate maximum losses and business interruption losses.

05

Allocate risks in EPC, O&M and financing contracts.

06

Manage material damage and machinery breakdown claims.

07

Evaluate the emerging risks of the energy transition.

Profile

Who it's for

  • Energy underwriters covering construction and operational risks.
  • Energy risk engineers surveying renewable plants and grid assets.
  • Energy loss adjusters handling damage and breakdown claims.
  • Utility risk managers responsible for insurance programmes.
  • Construction insurance brokers placing CAR/EAR and OAR programmes.
  • Insurance due diligence analysts advising lenders and investors.
  • Engineering or science graduates aiming to enter the renewable energy sector.
Standards & tools

What you'll work with

  • FIDIC Silver Book (EPC/turnkey contract conditions)
  • ISO 31000:2018 (risk management guidelines)
  • IEC 61400-1 (wind turbines: design requirements)
  • IEC 61215 (photovoltaic modules: design qualification)
  • NFPA 855 (installation of stationary energy storage systems)
  • Law 50/1980 (Spanish Insurance Contract Act)
  • Regulation (EU) 2020/852 (EU Taxonomy for sustainable activities)
  • Royal Decree 337/2014 (Spanish high-voltage installations regulation)
  • Moody's RMS
  • @RISK
  • PVsyst
  • WindPRO
  • Python
Syllabus

12 modules · 1900 h

  1. 1.1Life cycle of an energy project
  2. 1.2Onshore and offshore wind farms
  3. 1.3Photovoltaic plants
  4. 1.4Battery storage
  5. 1.5Green hydrogen and electrolysers
  6. 1.6Combined cycle power plants
  7. 1.7Electricity transmission and distribution grids
  8. 1.8Substations and transformers
  9. 1.9EPC and O&M contracts
  10. 1.10Case study: risk matrix for a photovoltaic project
  1. 2.1Structure of the CAR/EAR policy
  2. 2.2Material damage to the works
  3. 2.3Cross liability
  4. 2.4Maintenance period
  5. 2.5LEG design defect clauses
  6. 2.6Testing and commissioning
  7. 2.7Transit of equipment to site
  8. 2.8Delay in start-up (DSU)
  9. 2.9Sums insured and sub-limits
  10. 2.10Practical exercise: analysis of an EAR policy wording
  1. 3.1Material damage in operation
  2. 3.2Machinery breakdown
  3. 3.3Business interruption
  4. 3.4Time deductibles
  5. 3.5Serial defects
  6. 3.6Manufacturer's warranties
  7. 3.7Natural hazards at facilities
  8. 3.8Replacement value
  9. 3.9Interruption of third-party supply
  10. 3.10Case study: breakdown claim on a wind turbine
  1. 4.1Blade and gearbox failures
  2. 4.2Fires in wind turbines
  3. 4.3Hot spots and degradation in panels
  4. 4.4Fires in battery systems
  5. 4.5Offshore foundation risks
  6. 4.6Subsea cables
  7. 4.7Inverters and power electronics
  8. 4.8Lightning and overvoltage
  9. 4.9Predictive maintenance
  10. 4.10Workshop: risk survey of a wind farm
  1. 5.1Architecture of the electricity grid
  2. 5.2Power transformer failures
  3. 5.3Substation fires
  4. 5.4Overhead lines and weather risks
  5. 5.5Wildfires caused by power lines
  6. 5.6Supply interruptions
  7. 5.7Cyber risk in smart grids
  8. 5.8Grid operator's liability
  9. 5.9Resilience plans
  10. 5.10Practical exercise: analysis of transformer failures
  1. 6.1Seismic hazard at project sites
  2. 6.2Extreme wind and hurricanes
  3. 6.3Hail at photovoltaic plants
  4. 6.4Flooding and drainage
  5. 6.5Wildfires
  6. 6.6Catastrophe models for energy
  7. 6.7Risk accumulations
  8. 6.8Catastrophe sub-limits
  9. 6.9Climate change and adaptation
  10. 6.10Case study: hail exposure of a solar plant
  1. 7.1FIDIC contracts
  2. 7.2Contractor's and owner's responsibilities
  3. 7.3Insurance required under contracts
  4. 7.4Guarantees and bonds
  5. 7.5Force majeure clauses
  6. 7.6Liquidated damages for delay
  7. 7.7Power purchase agreements (PPA)
  8. 7.8Project finance and lenders
  9. 7.9Insurance due diligence
  10. 7.10Practical exercise: risk allocation matrix for an EPC contract
  1. 8.1Maximum loss scenarios
  2. 8.2PML and EML estimation
  3. 8.3Business interruption and repair times
  4. 8.4Availability of critical spares
  5. 8.5Reliability models
  6. 8.6Monte Carlo simulation
  7. 8.7Dependency analysis
  8. 8.8Valuation of business interruption losses
  9. 8.9Documentation for underwriters
  10. 8.10Lab: loss simulation for a substation
  1. 9.1Notification and first measures
  2. 9.2Specialist energy loss adjusters
  3. 9.3Root cause analysis
  4. 9.4Repair versus replacement
  5. 9.5Business interruption claims
  6. 9.6Recoveries against manufacturers
  7. 9.7Disputes over design defects
  8. 9.8Serial losses
  9. 9.9Lessons learned
  10. 9.10Case study: battery fire claim
  1. 10.1The energy insurance market
  2. 10.2Capacity and market leaders
  3. 10.3Facultative reinsurance of projects
  4. 10.4Captives in energy companies
  5. 10.5International coinsurance
  6. 10.6Global programmes
  7. 10.7The renewables market cycle
  8. 10.8Production guarantee insurance
  9. 10.9Parametric wind and solar solutions
  10. 10.10Practical exercise: structuring a reinsurance programme
  1. 11.1Floating offshore wind
  2. 11.2Hydrogen and its value chain
  3. 11.3Carbon capture and storage
  4. 11.4Small modular reactors: regulatory framework
  5. 11.5Prototype technologies and technology risk
  6. 11.6Repowering of facilities
  7. 11.7Hybrid plants
  8. 11.8The EU Taxonomy and green finance
  9. 11.9ESG risks in projects
  10. 11.10Workshop: assessment of a green hydrogen project
  1. 12.1Selection of the energy project
  2. 12.2Technical and contractual description
  3. 12.3Risk identification
  4. 12.4Estimation of maximum losses
  5. 12.5Design of the CAR/OAR programme
  6. 12.6Market and reinsurance analysis
  7. 12.7Prevention measures
  8. 12.8Conclusions
  9. 12.9Master's Thesis report
  10. 12.10Master's Thesis: defence before a panel
Methodology, software & labs

How you'll learn

100% online training on the SEIUM campus, with downloadable materials, recorded classes and an assigned technical tutor. There are no fixed timetables: you progress at your own pace within each intake, so the programme is compatible with work.

Each module combines theory, guided reading of the original standard and applied exercises. The working software is Moody's RMS, @RISK, PVsyst, WindPRO and Python, in free, academic or evaluation versions. Exercises are based on real procedures: estimating maximum losses in renewable projects, analysing CAR/EAR and OAR policy wordings, and managing machinery breakdown claims. Assessment is continuous by module, plus the final Master's Thesis.

Standards covered: FIDIC contracts (Silver Book EPC/Turnkey), ISO 31000:2018, IEC 61400-1, IEC 61215, NFPA 855, Law 50/1980 on Insurance Contracts, Regulation (EU) 2020/852 (Taxonomy) and Royal Decree 337/2014 on high-voltage electrical installations.

Assigned technical tutor:every module ends with a deliverable that your tutor marks individually.
Standards-based learning:guided reading of FIDIC contracts, ISO 31000, IEC 61400-1, IEC 61215 and NFPA 855 applied to real cases, not as a theoretical annex.
Industry software:Moody's RMS, @RISK, PVsyst, WindPRO and Python, in free, academic or evaluation versions.
Master's Thesis with defence:a complete CAR/OAR insurance programme for a real energy project, with risk identification, maximum loss estimation and reinsurance analysis, defended before a panel.
Flexible format:100% online, no fixed timetables, compatible with full-time work.
Capstone project

Build it end to end

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

Project risk matrix
Build the risk matrix for a renewable energy project from its technical and contractual description.
Contract risk allocation
Allocate risks in an EPC contract and review the required insurance.
Maximum loss estimation
Estimate PML and business interruption losses with Monte Carlo simulation.
Programme and reinsurance
Design the CAR/OAR programme and structure its reinsurance.
Master's Thesis
Develop a full insurance programme for a real energy project, defended before a panel.
Career opportunities

Where this takes you

Energy underwriterEnergy risk engineerEnergy loss adjusterUtility risk managerConstruction insurance brokerInsurance due diligence analyst
Admissions & scholarships

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.

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FAQ

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 Moody's RMS, @RISK, PVsyst, WindPRO 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, plus 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.

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