Course on Water Risk Mitigation in Urban Insurance
Online 300-hour course on water risk mitigation in urban insurance. 6 modules covering Directive 2007/60/EC (assessment and management of flood risks), Royal Decree 903/2010 (flood risks) and HEC-RAS. Tutor assigned and enrolment open.
Course on Water Risk Mitigation in Urban Insurance — studying from New Zealand
New Zealand's insurance and financial services sector is concentrated in Auckland and Wellington, with a strong focus on general insurance, life insurance and risk management. Natural hazard risk, particularly from earthquakes, is a major consideration, and the Earthquake Commission provides residential natural disaster cover. Actuarial and risk data professionals work for insurers, reinsurers, regulators and consultancies, with oversight from the Reserve Bank of New Zealand and the Financial Markets Authority.
Fees for New Zealand: NZ$887 (New Zealand dollar), with instalments and employer sponsorship available.
Relevant bodies in New Zealand
Typical roles
Questions from New Zealand
Which New Zealand bodies recognise actuarial and risk qualifications?
The Actuarial Society of New Zealand and the New Zealand Institute of Actuaries work alongside international bodies such as the Institute and Faculty of Actuaries. Membership and professional credentials in these fields are set by those bodies, not by private providers. SEIUM's qualifications are private and not accredited by any national body, so their standing depends on how your employer or the relevant body assesses them.
Do insurers and financial firms in New Zealand hire people with data and risk skills?
New Zealand's insurance, banking and government sectors do employ people in risk, pricing and data analysis, and the Reserve Bank and insurers both draw on these skills. Hiring usually depends on demonstrated technical ability and professional credentials. A SEIUM qualification can support your application, but whether it is valued is up to each employer.
How is the programme delivered and paid for?
The programme is 100% online and taught in English, so no student visa is needed to study from New Zealand. You are assigned a technical tutor and complete a final project. Fees are payable in instalments, and employer sponsorship is possible. Time commitment varies by programme, from 300 hours for specialist courses to 1,900 hours for master's programmes.
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
Characterise pluvial and fluvial water risk in urban environments.
Assess hazard, exposure and vulnerability using hydraulic models.
Interpret flood planning and official mapping.
Explain the role of the Consorcio in flood insurance coverage.
Propose prevention measures and sustainable urban drainage.
Integrate mitigation into product and tariff design.
Draw up a mitigation plan for an urban area.
Who it's for
- Flood risk analyst looking to specialise in Water Risk Mitigation in Urban Insurance.
- Urban hydraulic engineer looking to specialise in Water Risk Mitigation in Urban Insurance.
- Property risk underwriter looking to specialise in Water Risk Mitigation in Urban Insurance.
- Damage prevention technician looking to specialise in Water Risk Mitigation in Urban Insurance.
- Climate adaptation consultant looking to specialise in Water Risk Mitigation in Urban Insurance.
- Water damage loss adjuster looking to specialise in Water Risk Mitigation in Urban Insurance.
- Graduates in engineering or science seeking to enter insurance companies.
What you'll work with
- Directive 2007/60/EC (Assessment and Management of Flood Risks)
- Royal Decree 903/2010 (Flood Risks)
- Royal Legislative Decree 7/2004
- Royal Decree 300/2004 (Regulation on Extraordinary Risk Insurance)
- Technical Building Code, DB HS 5 (Wastewater Drainage)
- UNE-EN 752 (Drainage and Sewer Systems)
- Law 7/2021 on Climate Change and Energy Transition
6 modules · 300 h
1.1Fluvial, pluvial and coastal flooding1.2Urban drainage and its saturation1.3Soil sealing1.4Subsidence and its interaction with water1.5Pipe bursts and their damage1.6Climate change and trends1.7Sector vocabulary and acronyms1.8Available hazard mapping1.9Urban exposure and vulnerability1.10Exercise: characterising the risk of an area
2.1Rainfall data and return periods2.2Hydrological and hydraulic models2.3Damage models and vulnerability curves2.4Mapping of flood-prone areas2.5Climate change scenarios2.6Portfolio accumulation in an area2.7Model uncertainty2.8Validation with historical events2.9Using the model in underwriting2.10Practice: analysing the exposure of a portfolio
3.1Hydrological and flood planning3.2Land use restrictions3.3Building regulations in flood zones3.4Works and discharge permits3.5Administrative liability3.6Consorcios and compensation systems3.7Compulsory or public insurance depending on the country3.8Buyer information obligations3.9Penalty regime3.10Practice: obligations map for a municipality
4.1Green infrastructure and sustainable drainage4.2Defence works and their maintenance4.3Protection of buildings and ground floors4.4Protection of critical infrastructure4.5Early warning systems4.6Municipal emergency plans4.7Training and risk culture4.8Relocation and its difficulties4.9Cost and benefit of measures4.10Practice: portfolio of measures for an area
5.1Water damage cover5.2Exclusions and their interpretation5.3Pricing according to exposure5.4Incentives for the policyholder's prevention5.5Managing a mass claim5.6Loss adjustment after a flood5.7Accumulation and catastrophe reinsurance5.8Protection gap and insurability5.9Public-private collaboration5.10Practice: designing a product with prevention
6.1Choosing the urban area6.2Characterising water risk6.3Exposure and damage analysis6.4Map of legal obligations6.5Portfolio of adaptation measures6.6Design of the insurance product6.7Event management plan6.8Monitoring indicators6.9Study report6.10Defence of the work
How you'll learn
100 % online training on the SEIUM campus, with downloadable material, recorded classes and a dedicated technical tutor. There are no fixed timetables: 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 HEC-RAS, Iber, EPA SWMM, InfoWorks ICM, QGIS, in free, academic or evaluation versions. Tests are studied using real urban flood hydraulic modelling procedures, analysis of hazard maps and evaluation of sustainable drainage measures. Assessment is continuous by module plus the final integrating project.
Build it end to end
Your final project follows the real engineering workflow, step by step, reviewed by your tutor.
Characterise pluvial and fluvial water risk in urban environments.
Assess hazard, exposure and vulnerability using hydraulic models.
Interpret flood planning and official mapping.
Explain the role of the Consorcio in flood insurance coverage.
Propose prevention measures and sustainable urban drainage.
Where this takes you
Requirements
- No prior qualification required.
- Internet connection and a computer capable of running the programme's software.
- Sufficient Spanish to follow technical regulations.
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 total hours spread over 3 to 5 months. That is an average of 10 to 15 hours per week, compatible with full-time work.
The programme uses HEC-RAS, Iber, EPA SWMM, InfoWorks ICM and QGIS. 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 integrating 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. Check the recognition policy when you enrol.
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