Course in Microinsurance Applied to Urban Transport
Online 300-hour course in microinsurance applied to urban transport. 6 modules covering the IAIS Application Paper on Inclusive Insurance (2012), Directive (EU) 2016/97 on insurance distribution (IDD) and Advanced Excel. Assigned tutor and open enrolment.
Course in Microinsurance Applied to Urban Transport — 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
Explain the concept of microinsurance and its fit within urban transport.
Design simple, understandable cover for urban users.
Analyse the unit economics of the product.
Select distribution channels and payment technologies.
Apply customer protection and distribution requirements.
Measure social impact and satisfaction.
Propose a plan for scaling the microinsurance product.
Who it's for
- Microinsurance designer looking to specialise in Microinsurance Applied to Urban Transport.
- Embedded insurance manager looking to specialise in Microinsurance Applied to Urban Transport.
- Financial inclusion analyst looking to specialise in Microinsurance Applied to Urban Transport.
- Mobility product manager looking to specialise in Microinsurance Applied to Urban Transport.
- Distribution partnerships manager looking to specialise in Microinsurance Applied to Urban Transport.
- Social impact analyst looking to specialise in Microinsurance Applied to Urban Transport.
- Engineering or science graduates seeking to enter mobility insurance.
What you'll work with
- IAIS Application Paper on Inclusive Insurance (2012)
- Directive (EU) 2016/97 on insurance distribution (IDD)
- Royal Decree-Law 3/2020 (insurance distribution)
- Delegated Regulation (EU) 2017/2358 (product governance)
- Law 50/1980 on Insurance Contracts
- Directive (EU) 2015/2366 (payment services, PSD2)
- Royal Decree 970/2020 (personal mobility vehicles)
6 modules · 300 h
1.1What defines a microinsurance product: premium, sum insured, simplicity and accessibility1.2The protection gap in urban environments1.3Target groups: delivery riders, self-employed workers and transport users1.4Relevant risks: accident, liability, loss of income and vehicle1.5International experiences and their transfer1.6Difference from low-cost traditional insurance1.7The role of microinsurance in financial inclusion1.8Product sustainability versus its social function1.9Stakeholders: insurer, platform, cooperative and public administration1.10Workshop: identifying a microinsurance need
2.1Radical simplicity: few guarantees and clear conditions2.2Sufficient and affordable sum insured2.3Micro-cover per journey, per working day and per month2.4In-kind benefits and assistance2.5Minimal and understandable exclusions2.6Waiting periods and their justification2.7Plain language and concise documentation2.8Design for people with low financial literacy2.9Comprehension testing with real users2.10Practice: terms of a microinsurance product for delivery riders
3.1Very low premium and cost structure3.2Expected frequency and limited severity3.3Distribution cost as a critical item3.4Claims management cost and its simplification3.5Adverse selection in voluntary membership products3.6Collective grouping as a cost reducer3.7Subsidy, co-payment and blended financing3.8Break-even point and minimum viable volume3.9Sensitivity to actual claims experience3.10Practice: economic model of a microinsurance product
4.1Channels: platforms, cooperatives, retailers and public administration4.2Insurance embedded in a mobility app4.3Enrolment in a few steps and instalment payments4.4Accessible payment methods and recurring payments4.5Policyholder identification and minimum data4.6Communication by messaging and reminders4.7Claims management with simplified proof4.8Fast payment and its effect on trust4.9Technology cost and scalability4.10Practice: enrolment and claims workflow
5.1Regulatory fit of microinsurance and embedded insurance5.2Proportionate pre-contractual information requirements5.3Liability of non-insurer distributors5.4Product governance and oversight5.5Data protection and data minimisation5.6Prevention of inappropriate sales5.7Accessible complaints channel5.8Market conduct supervision5.9Transparency about what the product does not cover5.10Practice: compliance review of a microinsurance product
6.1Measuring the product's social impact6.2Indicators of penetration, usage and renewal6.3Financial education linked to the product6.4Partnerships with public administrations and social organisations6.5Scaling to other cities and groups6.6Evolution of the product based on experience6.7Risk that the product fails to serve those it aims to serve6.8Common errors in microinsurance6.9Success and failure cases6.10Final project: complete urban microinsurance product with its impact plan
How you'll learn
Fully 100 % online training on the SEIUM campus, with downloadable material, recorded classes and an assigned technical tutor. There are no fixed timetables: students progress at their own pace within the intake, which makes it possible to combine the programme with work.
Each module combines theory, guided reading of the original standard and applied exercises. The working software is Advanced Excel, Stripe, Firebase, Power BI, in free, academic or evaluation versions. Case studies cover real procedures for designing micro-cover for e-scooter and bicycle users, economic feasibility analysis and app-based distribution tests. Assessment is continuous by module, plus the final integrative project.
Build it end to end
Your final project follows the real engineering workflow, step by step, reviewed by your tutor.
Explain the concept of microinsurance and its fit within urban transport.
Design simple, understandable cover for urban users.
Analyse the unit economics of the product.
Select distribution channels and payment technologies.
Apply customer protection and distribution requirements.
Where this takes you
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 texts.
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.
The programme uses Advanced Excel, Stripe, Firebase, Power BI. 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. This 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 higher-level programme. Check the credit recognition policy when you enrol.
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