CourseInsurance, Risk & Actuarial Data Applications open

Course in Impact of Climate Change on Transport Insurance

Online course of 300 h on the impact of climate change on transport insurance. 6 modules covering Delegated Regulation (EU) 2021/1256 (sustainability risks in Solvency II), ISO 14090 (adaptation to climate change) and CLIMADA. Assigned tutor and open enrolment.

Duration300 h
ModeOnline
LanguageEnglish
Start datesSet by the faculty
AwardSEIUM Institute certificate

Course in Impact of Climate Change on Transport Insurance — 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: €743 (Euro), with instalments and employer sponsorship available.

Relevant bodies in Malta

  • Malta Financial Services Authority (MFSA)
  • Malta Insurance Association
  • Institute of Financial Services Malta
  • Actuarial Society of Malta

Typical roles

  • Actuarial Analyst
  • Risk Analyst
  • Insurance Data Scientist
  • Reinsurance Analyst

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.

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Learning outcomes

What you will be able to do

01

Explain the effects of climate change on transport supply chains.

02

Identify acute and chronic physical risks to assets and routes.

03

Analyse the transition risks facing the transport sector.

04

Quantify the effect of climate on the claims experience of a portfolio.

05

Apply climate scenarios in stress testing.

06

Propose adaptation and resilience measures for the logistics chain.

07

Prepare a climate risk report for a transport portfolio.

Profile

Who it's for

  • Climate risk analyst in insurance looking to specialise in Impact of Climate Change on Transport Insurance.
  • Transport underwriter looking to specialise in Impact of Climate Change on Transport Insurance.
  • Supply chain risk manager looking to specialise in Impact of Climate Change on Transport Insurance.
  • Emerging risks actuary looking to specialise in Impact of Climate Change on Transport Insurance.
  • Climate adaptation consultant looking to specialise in Impact of Climate Change on Transport Insurance.
  • Sustainability manager looking to specialise in Impact of Climate Change on Transport Insurance.
  • Graduates in engineering or sciences seeking to enter transport insurance.
Standards & tools

What you'll work with

  • Delegated Regulation (EU) 2021/1256 (sustainability risks in Solvency II)
  • ISO 14090 (adaptation to climate change)
  • ISO 14091 (vulnerability and impact assessment)
  • IFRS S2 (climate-related disclosures)
  • ESRS E1 (climate change)
  • Law 7/2021 on Climate Change and Energy Transition
  • Regulation (EU) 2021/1119 (European Climate Law)
Syllabus

6 modules · 300 h

  1. 1.1Exposure of transport infrastructure
  2. 1.2Ports, airports and logistics hubs
  3. 1.3Roads and railways facing extreme events
  4. 1.4Maritime routes and changes in Arctic ice
  5. 1.5Temperature-sensitive cargo
  6. 1.6Disruption and knock-on effects
  7. 1.7Sector vocabulary and acronyms
  8. 1.8Observed trends in claims
  9. 1.9Sources of scientific information
  10. 1.10Exercise: exposure map of a supply chain
  1. 2.1Flooding of logistics hubs
  2. 2.2Extreme wind and infrastructure damage
  3. 2.3Extreme heat and its effect on operations
  4. 2.4Drought and river navigability
  5. 2.5Wildfires and route closures
  6. 2.6Landslides on mountain roads
  7. 2.7Storm surge and swell in port
  8. 2.8Cargo degradation due to temperature
  9. 2.9Accumulation of values in transit
  10. 2.10Practice: route disruption scenario
  1. 3.1Regulation of transport emissions
  2. 3.2Alternative fuels and their deployment
  3. 3.3New technologies and associated risks
  4. 3.4Changes in demand and routes
  5. 3.5Stranded assets in the sector
  6. 3.6Requirements from supply chain customers
  7. 3.7Climate litigation risk
  8. 3.8Effect on the value of insured assets
  9. 3.9New product opportunities
  10. 3.10Practice: transition analysis of an operator
  1. 4.1Review of exposure by line of business
  2. 4.2Adjustment of models and rates
  3. 4.3Review of policy wording
  4. 4.4Accumulation by hub and by corridor
  5. 4.5Reinsurance of the transport portfolio
  6. 4.6Insurability of highly exposed routes
  7. 4.7Loss-prevention requirements for the insured
  8. 4.8Claims monitoring
  9. 4.9Dialogue with operators
  10. 4.10Practice: portfolio review plan
  1. 5.1Diversification of routes and suppliers
  2. 5.2Protection of critical hubs
  3. 5.3Inventories and buffers
  4. 5.4Weather monitoring and alerts
  5. 5.5Logistics contingency plans
  6. 5.6Collaboration with public authorities
  7. 5.7Insurance as an incentive for adaptation
  8. 5.8Measuring the resilience achieved
  9. 5.9Communication to end customers
  10. 5.10Practice: adaptation plan for a supply chain
  1. 6.1Choice of supply chain and its geography
  2. 6.2Analysis of physical and transition risks
  3. 6.3Disruption scenarios
  4. 6.4Effect on the insurance portfolio
  5. 6.5Product review proposal
  6. 6.6Operator adaptation plan
  7. 6.7Monitoring indicators
  8. 6.8Roadmap
  9. 6.9Study report
  10. 6.10Defence of the project
Methodology, software & labs

How you'll learn

Fully 100% online training on the SEIUM campus, with downloadable material, recorded lectures and an assigned technical tutor. No fixed timetable: students progress at their own pace within the intake, which makes it possible to combine study with work.

Each module combines theory, guided reading of the original standard and applied exercises. The working software is CLIMADA, Copernicus Climate Data Store, QGIS, Python (xarray), in free, academic or evaluation versions. Assignments are based on real procedures for climate scenario analysis on logistics routes, climate stress testing of portfolios and vulnerability assessment of infrastructure. Assessment is continuous, module by module, plus the final integrative project.

Accreditable laboratories(EN ISO/IEC 17025) with rotor test rig, EMC/Lightning pre-compliance, HIL/SIL, vibration/acoustics.
Evidence-driven Master's Thesis:safety case, test plan, compliance dossier and operational limits.
Industry mentoring:lecturers with careers in training, , eVTOL/UAM and flight test.
Flexible format(hybrid/online), international cohorts and support from SEIUM Career Services.
Ethics and safety:safety-by-design approach, cyber-OT, DIH and compliance as its pillars.
Capstone project

Build it end to end

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

Choice of supply chain and its geography

Explain the effects of climate change on transport supply chains.

Analysis of physical and transition risks

Identify acute and chronic physical risks to assets and routes.

Disruption scenarios

Analyse the transition risks facing the transport sector.

Effect on the insurance portfolio

Quantify the effect of climate on the claims experience of a portfolio.

Product review proposal

Apply climate scenarios in stress testing.

Career opportunities

Where this takes you

Climate risk analyst in insuranceTransport underwriterSupply chain risk managerEmerging risks actuaryClimate adaptation consultantSustainability manager
Admissions & scholarships

Requirements

  • No prior degree 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.

FAQ

Frequently asked questions

The programme comprises 300 hours in total, spread over 3 to 5 months. That is between 10 and 15 hours per week on average, compatible with a full-time job.

The course uses CLIMADA, Copernicus Climate Data Store, QGIS, Python (xarray). Free, academic or evaluation versions are used, and the tutor indicates the free alternative where one exists.

A SEIUM own diploma upon passing the continuous assessment and the integrative 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 can be credited towards the advanced programme. Please check the credit transfer policy when you enrol.

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