Master'sInsurance, Risk & Actuarial Data Applications open

Master’s in Insurance for Off-Highway, Mining and Construction Engineering

Online master's programme of 1,900 hours in Insurance Engineering for Off-Highway, Mining and Construction. 12 modules covering off-highway machinery, machinery safety, mining and construction risks, machinery, construction and mining insurance, fleet telematics, risk engineering, claims and loss adjustment, and portfolio rating, 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 off-highway machinery.

02

Apply machinery and mining safety regulations.

03

Assess the specific risks of construction sites and mines.

04

Design machinery, construction and mining insurance programmes.

05

Use telematics data to rate risks and prevent losses.

06

Carry out technical loss adjustment of machinery claims.

07

Manage construction and mining insurance portfolios.

Profile

Who it's for

  • Engineering and machinery underwriters covering contractors and plant.
  • Machinery loss adjusters investigating breakdowns, fires and overturns.
  • Construction risk engineers carrying out site surveys.
  • Risk managers at mining companies responsible for insurance programmes.
  • Machinery fleet managers in construction and rental companies.
  • Construction insurance brokers placing project and equipment covers.
  • Engineering or science graduates aiming to enter the construction sector.
Standards & tools

What you'll work with

  • Directive 2006/42/EC (EU Machinery Directive)
  • Regulation (EU) 2023/1230 (EU Machinery Regulation)
  • Royal Decree 1215/1997 (Spanish minimum safety requirements for work equipment)
  • Royal Decree 863/1985 (Spanish General Basic Mining Safety Regulations)
  • Royal Decree 1627/1997 (Spanish health and safety on construction sites)
  • ISO 3471 (earth-moving machinery: roll-over protective structures)
  • ISO 15143-3 (earth-moving machinery telematics data exchange)
  • Law 38/1999 (Spanish Building Act, LOE)
  • Caterpillar VisionLink
  • Python
  • Power BI
  • @RISK
  • Advanced Excel
Syllabus

12 modules · 1900 h

  1. 1.1Types of construction machinery
  2. 1.2Surface and underground mining machinery
  3. 1.3Agricultural and forestry machinery
  4. 1.4Components: engine, hydraulics and undercarriage
  5. 1.5Service life and depreciation
  6. 1.6The machinery rental market
  7. 1.7Manufacturers' telematics
  8. 1.8Electrification of heavy machinery
  9. 1.9Typical loss experience of equipment
  10. 1.10Case study: claims analysis of an excavator fleet
  1. 2.1Machinery Directive 2006/42/EC
  2. 2.2Machinery Regulation (EU) 2023/1230
  3. 2.3ROPS and FOPS structures
  4. 2.4Visibility and person detection
  5. 2.5Control systems and functional safety
  6. 2.6Royal Decree 1215/1997 on work equipment
  7. 2.7Operator training and certification
  8. 2.8Statutory inspections
  9. 2.9Accidents involving mobile machinery
  10. 2.10Workshop: risk assessment of a machine on site
  1. 3.1Mining methods
  2. 3.2Slope stability
  3. 3.3Ventilation and underground atmospheres
  4. 3.4Firedamp and dust explosions: preventive framework
  5. 3.5Mining safety regulations
  6. 3.6Tailings dams and their failure
  7. 3.7Haulage in mines
  8. 3.8Geotechnical risks
  9. 3.9Mine closure and rehabilitation
  10. 3.10Case study: risk analysis of a tailings dam
  1. 4.1Construction phases and associated risks
  2. 4.2Excavations and earthworks
  3. 4.3Cranes and load lifting
  4. 4.4Work at height
  5. 4.5Health and safety coordination
  6. 4.6Civil engineering risks
  7. 4.7Tunnels and underground works
  8. 4.8Weather and natural hazards on site
  9. 4.9Damage to third parties and affected utilities
  10. 4.10Practical exercise: safety plan for earthworks
  1. 5.1Contractors' plant and equipment insurance
  2. 5.2Machinery breakdown
  3. 5.3Overturning and collision damage
  4. 5.4Machinery theft
  5. 5.5Machinery liability
  6. 5.6Registrable machinery and compulsory insurance
  7. 5.7Insurance for rental companies
  8. 5.8Replacement value and actual value
  9. 5.9Deductibles and excesses
  10. 5.10Case study: contractor's equipment policy
  1. 6.1Contractors all risks
  2. 6.2Contractor's liability
  3. 6.3Ten-year latent defects insurance (decenal)
  4. 6.4The Spanish Building Act (LOE)
  5. 6.5Design risks and LEG clauses
  6. 6.6Maintenance and warranty period
  7. 6.7Advance loss of profits
  8. 6.8Coordination with public contracts
  9. 6.9Surety insurance
  10. 6.10Practical exercise: insurance structure for a civil works project
  1. 7.1The mining insurance market
  2. 7.2Material damage to facilities
  3. 7.3Business interruption in mining
  4. 7.4Environmental liability
  5. 7.5Financial guarantees for rehabilitation
  6. 7.6Tailings dam risks and liability
  7. 7.7Insurance for ore transport
  8. 7.8Political risk in international mining
  9. 7.9Global mining programmes
  10. 7.10Case study: insurance programme for a mine
  1. 8.1ISO 15143-3 machinery telematics standard
  2. 8.2Working hours and utilisation
  3. 8.3Fault codes and diagnostics
  4. 8.4Geolocation and geofences
  5. 8.5Detection of misuse
  6. 8.6Theft prevention
  7. 8.7Predictive maintenance
  8. 8.8Usage-based rating
  9. 8.9Integration with management systems
  10. 8.10Lab: analysis of machinery telematics data
  1. 9.1Risk surveys of construction sites and mines
  2. 9.2Fire prevention in machinery
  3. 9.3On-board fire suppression systems
  4. 9.4Security of machinery yards
  5. 9.5Maintenance and loss experience
  6. 9.6Contractor management
  7. 9.7Safety indicators
  8. 9.8Safety culture
  9. 9.9Risk recommendations
  10. 9.10Workshop: risk survey of a machinery yard
  1. 10.1Machinery loss adjustment
  2. 10.2Root cause analysis of breakdowns
  3. 10.3Oil and wear analysis
  4. 10.4Machinery fires
  5. 10.5Overturns and accidents
  6. 10.6Construction site claims
  7. 10.7Theft and recovery
  8. 10.8Recoveries against manufacturers
  9. 10.9Major mining losses
  10. 10.10Practical exercise: loss adjuster's report on a machinery fire
  1. 11.1Exposure: hours, value and machine type
  2. 11.2Frequency and severity models
  3. 11.3Rating of construction projects
  4. 11.4Rating of mining risks
  5. 11.5Accumulations on site
  6. 11.6Contractor's loss experience
  7. 11.7Profitability by segment
  8. 11.8Construction reinsurance
  9. 11.9Dashboards
  10. 11.10Lab: rating a machinery fleet
  1. 12.1Selection of the sector and case
  2. 12.2Technical analysis of the activity
  3. 12.3Risk identification
  4. 12.4Exposure assessment
  5. 12.5Design of the insurance programme
  6. 12.6Preventive measures
  7. 12.7Economic analysis
  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 Caterpillar VisionLink, Python, Power BI, @RISK and advanced Excel, in free, academic or evaluation versions. Exercises are based on real procedures: loss adjustment of breakdowns and fires in heavy machinery, rating machinery fleets with telematics data, and risk surveys of construction sites and mining operations. Assessment is continuous by module, plus the final Master's Thesis.

Standards covered: Machinery Directive 2006/42/EC, Machinery Regulation (EU) 2023/1230, Royal Decree 1215/1997 on work equipment, Royal Decree 863/1985 (General Mining Safety Regulations), Royal Decree 1627/1997 on construction site health and safety, ISO 3471, ISO 15143-3 and Law 38/1999 on Building (LOE).

Assigned technical tutor:every module ends with a deliverable that your tutor marks individually.
Standards-based learning:guided reading of the Machinery Directive and Regulation, Royal Decrees 1215/1997 and 1627/1997, ISO 3471 and ISO 15143-3 applied to real cases, not as a theoretical annex.
Industry software:Caterpillar VisionLink, Python, Power BI, @RISK and advanced Excel, in free, academic or evaluation versions.
Master's Thesis with defence:a complete insurance and prevention programme for a real construction, mining or off-highway activity, with exposure assessment and economic 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.

Activity risk analysis
Analyse the technical risks of a construction, mining or machinery activity.
Site risk survey
Carry out a risk survey of a site or machinery yard with recommendations.
Telematics-based rating
Rate a machinery fleet using telematics and loss data.
Programme design
Design the insurance programme for a mine or civil works project.
Master's Thesis
Develop a full insurance and prevention programme for a real case, defended before a panel.
Career opportunities

Where this takes you

Engineering and machinery underwriterMachinery loss adjusterConstruction risk engineerMining company risk managerMachinery fleet managerConstruction insurance broker
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.

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 Caterpillar VisionLink, Python, Power BI, @RISK and advanced Excel, 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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