Fundamentals of Transport Reinsurance Course
Online 300-hour course in fundamentals of transport reinsurance. 6 modules covering Directive 2009/138/EC (Solvency II), Law 20/2015 (LOSSEAR) and advanced Excel. Assigned tutor and open enrolment.
Fundamentals of Transport Reinsurance Course — 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: €797 (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 role of reinsurance in transport lines.
Distinguish proportional and non-proportional structures.
Interpret the key clauses of a reinsurance contract.
Analyse portfolio data for reinsurance underwriting.
Calculate cessions and recoveries on transport claims.
Manage reinsurance operations and accounts.
Design a reinsurance programme for a transport portfolio.
Who it's for
- Transport reinsurance technician looking to specialise in Fundamentals of Transport Reinsurance.
- Cargo underwriter looking to specialise in Fundamentals of Transport Reinsurance.
- Ceded reinsurance analyst looking to specialise in Fundamentals of Transport Reinsurance.
- Marine reinsurance broker looking to specialise in Fundamentals of Transport Reinsurance.
- Reinsurance claims manager looking to specialise in Fundamentals of Transport Reinsurance.
- Hull underwriter looking to specialise in Fundamentals of Transport Reinsurance.
- Graduates in engineering or sciences seeking to enter transport insurance.
What you'll work with
- Directive 2009/138/EC (Solvency II)
- Law 20/2015 (LOSSEAR)
- Institute Cargo Clauses 2009
- Institute Time Clauses Hulls 1983
- Law 14/2014 on Maritime Navigation
- Principles of Reinsurance Contract Law (PRICL)
- IFRS 17
6 modules · 300 h
1.1Why transport needs reinsurance1.2Sums insured and line volatility1.3Accumulations by vessel, port and warehouse1.4War risks and their treatment1.5Traditional markets for the line1.6Players: cedant, reinsurer and broker1.7Industry vocabulary and acronyms1.8Market cycle and its effect1.9Sources of information for the line1.10Exercise: risk profile of a cargo portfolio
2.1Quota share for new portfolios2.2Surplus and its use in cargo2.3Per-risk excess of loss2.4Per-event excess of loss2.5Accumulation covers in transit2.6Catastrophe covers for the line2.7Combined programmes2.8Appropriate retention by risk type2.9Reinstatements and their cost2.10Practice: design a structure for a portfolio
3.1Definition of event and of time in transport3.2Warehouse accumulation clauses3.3War and terrorism exclusions3.4Sanctions clauses3.5Claims and notice clause3.6Records inspection clause3.7Errors and omissions3.8Arbitration and governing law3.9Profit sharing3.10Practice: critical review of a wording
4.1Information required by the reinsurer4.2Portfolio statistics and their cleansing4.3Sums insured profile4.4Accumulation data and its quality4.5Large loss experience4.6Presenting the portfolio to the market4.7Pricing the programme4.8Negotiation of terms4.9Placement and panel4.10Practice: renewal dossier
5.1Technical accounts and their reconciliation5.2Reporting large losses5.3Reinsurance recoveries5.4Management of catastrophe claims5.5Coordination with loss adjusters and correspondents5.6Reinsurer credit risk5.7Prudential reporting of the programme5.8Programme indicators5.9Lessons learned after an event5.10Practice: managing a claim under the programme
6.1Choice of transport portfolio6.2Exposure and accumulation analysis6.3Design of the reinsurance programme6.4Proposed wording6.5Market presentation dossier6.6Cost and capital analysis6.7Operations and reconciliation plan6.8Monitoring indicators6.9Programme report6.10Project defence
How you'll learn
100 % online training on the SEIUM campus, with downloadable material, recorded classes and a dedicated 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 Advanced Excel, Sapiens ReinsuranceMaster, Power BI, Aon ReMetrica, in free, academic or evaluation versions. Case studies are based on real procedures for designing quota share and surplus programmes, calculating cessions on cargo claims and drafting reinsurance clauses. Assessment is continuous per 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.
Explain the role of reinsurance in transport lines.
Distinguish proportional and non-proportional structures.
Interpret the key clauses of a reinsurance contract.
Analyse portfolio data for reinsurance underwriting.
Calculate cessions and recoveries on transport claims.
Where this takes you
Requirements
- No prior degree is required.
- Internet connection and a computer capable of running the programme's software.
- Sufficient 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 totals 300 hours, spread over 3 to 5 months. That is between 10 and 15 hours a week on average, compatible with a full-time job.
You work with Advanced Excel, Sapiens ReinsuranceMaster, Power BI and Aon ReMetrica. Free, academic or evaluation versions are used, and the tutor indicates a free alternative where one exists.
A SEIUM diploma upon passing continuous assessment and the capstone project. It is in-house training, not an official Ministry qualification.
Yes. Modules passed in a course or postgraduate diploma in the same area are credited towards the higher programme. Check the credit transfer policy when you enrol.
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