Course in Claims Cost Reduction Strategies
Online 300-hour course in claims cost reduction strategies. 6 modules covering the Spanish Insurance Contract Law 50/1980 (art. 43, subrogation), Law 35/2015 (valuation scale for damages in road traffic accidents) and GT Motive. Assigned tutor and open enrolment.
Course in Claims Cost Reduction Strategies — studying from Malta
Insurance is one of Malta's established financial sectors, with a regulatory framework that has attracted captive insurers, reinsurers and specialist underwriters. This creates demand for professionals who can model risk, analyse claims data and support actuarial functions. Engineers with statistical skills are valued in pricing, reserving and risk management. Employers include licensed insurers, brokers, consultancies and the regulator itself, where quantitative and technical expertise is increasingly important.
Fees for Malta: €546 (Euro), with instalments and employer sponsorship available.
Relevant bodies in Malta
Typical roles
Questions from Malta
Which professional bodies in Malta relate to insurance, risk and actuarial work, and does SEIUM's qualification fit?
SEIUM Institute's qualifications are private qualifications, not official Maltese state degrees, and they are not accredited by any national body. In Malta, insurance and financial services are supervised by the Malta Financial Services Authority, and professional actuarial qualifications are set by international bodies that Maltese firms commonly follow. Whether SEIUM's training is recognised is for employers or the relevant body to decide.
What roles in Malta might this training support in insurance or risk management?
Malta has a significant insurance, reinsurance and financial services sector, and firms there employ people in risk analysis, data and modelling roles. Whether a private engineering-focused qualification counts for a given role depends on the employer's requirements and the qualifications they already expect. Reviewing current job descriptions in Malta and asking employers directly will show how your training would be viewed.
How much time does this need each week, and what language level is required?
Master's programmes total 1,900 hours, postgraduate diplomas 800 hours and specialist courses 300 hours, delivered fully online. Spread over the programme length, this suits people working full-time if they set a steady weekly schedule. Teaching is in English, so you should be comfortable reading and writing technical English. Fees can be paid in instalments, and employer sponsorship is possible.
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
Break down the claim cost into its direct and indirect components.
Identify savings levers in claims handling without disadvantaging the policyholder.
Design and manage a network of suppliers and contracted garages.
Apply fraud detection and recovery techniques to reduce claims frequency.
Measure the impact of measures using cost and quality indicators.
Balance cost reduction with sustainability and reputation.
Develop an integrating project with a cost reduction plan.
Who it's for
- Claims cost manager who wants to specialise in Claims Cost Reduction Strategies.
- Supplier network manager who wants to specialise in Claims Cost Reduction Strategies.
- Claims frequency analyst who wants to specialise in Claims Cost Reduction Strategies.
- Recoveries manager who wants to specialise in Claims Cost Reduction Strategies.
- Operational efficiency consultant in insurance who wants to specialise in Claims Cost Reduction Strategies.
- Fraud investigator who wants to specialise in Claims Cost Reduction Strategies.
- Engineering or science graduates seeking to join insurance companies.
What you'll work with
- Law 50/1980 on Insurance Contracts (art. 43, subrogation)
- Law 35/2015 (valuation scale for damages in road traffic accidents)
- Royal Legislative Decree 8/2004 (civil liability and motor vehicle insurance)
- CICOS Agreement (Unespa)
- ISO 13053-1 (Six Sigma)
- IFRS 17 (insurance contracts)
6 modules · 300 h
1.1Cost of the indemnity and its breakdown1.2Management and handling costs1.3Assessment and supplier costs1.4Indirect cost: delays, complaints and staff turnover1.5Cost leakage and its causes1.6Differences by line of business and by type of claim1.7Relationship between cost and quality of service1.8Sector vocabulary and acronyms1.9Benchmark indicators for the area1.10Exercise: breaking down the average cost of a claim
2.1Triage and appropriate allocation of the file2.2Consistent assessment criteria2.3Automation of simple files2.4Reducing steps and reopenings2.5Managing lead time and the queue2.6Preventing judgement errors2.7Handling complex files through specialists2.8Control of technical reserves2.9Training and calibration of the team2.10Practice: redesigning the triage for a line of business
3.1Network of garages and professionals3.2Price and service agreements3.3Repair versus replacement3.4Alternative and refurbished parts3.5Repair quality control3.6Managing repair times3.7Replacement vehicle and its cost3.8Auditing supplier invoices3.9Balancing cost and satisfaction3.10Practice: supplier network policy
4.1Fraud warning indicators4.2Detection models and their validation4.3Fraud investigation and evidence4.4Treating the honest customer during investigation4.5Recovery from third-party liable parties4.6Agreements between entities4.7Subrogation and its management4.8Salvage recovery4.9Recovery indicators4.10Practice: protocol for managing an alert
5.1Cost and quality dashboard5.2Analysis of deviations by cause5.3Prioritising initiatives by impact5.4Controlled trials of process changes5.5The risk of cutting costs at the expense of service5.6Communicating changes to the team5.7Market comparison5.8Reporting to management5.9Sustainability of savings over time5.10Practice: prioritised portfolio of initiatives
6.1Choice of line of business and scope6.2Breakdown of the current cost6.3Diagnosis of cost leakage6.4Prioritised portfolio of initiatives6.5Design of the main initiative6.6Testing and measurement plan6.7Service quality safeguards6.8Implementation plan6.9Project 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 timetable: students progress at their own pace within the intake, which makes it possible to combine it with work.
Each module combines theory, guided reading of the original standard and applied exercises. The working software is GT Motive, Audatex, Python (pandas), advanced Excel, Power BI, in free, academic or evaluation versions. Tests are studied on real procedures for analysing the composition of the average claim cost, assessing contracted repair networks, recovery campaigns and fraud detection. Assessment is continuous by module plus the final capstone project.
Build it end to end
Your final project follows the real engineering workflow, step by step, reviewed by your tutor.
Break down the claim cost into its direct and indirect components.
Identify savings levers in claims handling without disadvantaging the policyholder.
Design and manage a network of suppliers and contracted garages.
Apply fraud detection and recovery techniques to reduce claims frequency.
Measure the impact of measures using cost and quality indicators.
Where this takes you
Requirements
- No prior qualification is required.
- Internet connection and a computer capable of running the programme's software.
- Sufficient level of Spanish to follow technical regulatory reading.
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 comprises 300 hours in total, spread over 3 to 5 months. That is an average of 10 to 15 hours per week, compatible with a full-time job.
You work with GT Motive, Audatex, Python (pandas), advanced Excel and Power BI. Free, academic or evaluation versions are used, and the tutor indicates the open-source alternative where one exists.
An SEIUM own diploma on passing the continuous assessment and the capstone project. It 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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