Course in Catastrophe Funds and Climate Reinsurance
300-hour online course in catastrophe funds and climate reinsurance. 6 modules covering Royal Legislative Decree 7/2004 (Statute of the Insurance Compensation Consortium), Royal Decree 300/2004 (Regulation on extraordinary risk insurance) and Oasis LMF. Assigned tutor and open enrolment.
Course in Catastrophe Funds and Climate Reinsurance — studying from Singapore
Singapore is a major insurance and reinsurance hub in Asia, regulated by the Monetary Authority of Singapore. Engineering skills support risk modelling, catastrophe analysis, data analytics and actuarial work for insurers and reinsurers. The sector draws on data science and quantitative methods, with demand from insurers, brokers and risk consultancies. The city's financial ecosystem makes it a common base for global risk and actuarial teams.
Fees for Singapore: S$639 (Singapore dollar), with instalments and employer sponsorship available.
Relevant bodies in Singapore
Typical roles
Questions from Singapore
Will this qualification be recognised by professional bodies in Singapore?
SEIUM's qualifications are private, not official state degrees, and are not accredited by any national body. In Singapore, actuarial work is linked to the Singapore Actuarial Society, and insurance is regulated by the Monetary Authority of Singapore. Recognition of a private qualification is decided by employers or the relevant body, so confirm with them directly before you enrol.
How might this training be used by employers in Singapore?
Singapore's insurance, banking and risk functions employ people with analytical and data skills. An engineering-based risk and data programme may complement such roles, but it does not guarantee a position or a specific career outcome. Employers usually weigh professional exams, experience and demonstrated analytical ability, so your final project and work history will matter as much as the qualification title.
Can I study this alongside a full-time job, and can my employer help fund it?
Because the course is fully online and taught in English, you can study from Singapore without travelling, and no student visa is needed for online study. The workload is substantial, so plan carefully around your job. Fees can be paid in instalments, and employer sponsorship is possible; many Singapore companies support job-relevant study, so discuss it with your manager.
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 financing mechanisms for catastrophe risk.
Design the structure of a catastrophe fund or pool.
Determine capitalisation and reinsurance transfer strategies.
Model losses and set technical premiums for a scheme.
Plan the operation of the fund in the event of a disaster.
Compare the Spanish Consortium with other international schemes.
Propose a climate reinsurance scheme for a real case.
Who it's for
- Catastrophe risk analyst who wants to specialise in catastrophe funds and climate reinsurance.
- Catastrophe fund manager who wants to specialise in catastrophe funds and climate reinsurance.
- Non-life actuary who wants to specialise in catastrophe funds and climate reinsurance.
- Disaster risk financing specialist who wants to specialise in catastrophe funds and climate reinsurance.
- Consultant to multilateral organisations who wants to specialise in catastrophe funds and climate reinsurance.
- Catastrophe modeller who wants to specialise in catastrophe funds and climate reinsurance.
- Engineering or science graduates seeking to enter reinsurance.
What you'll work with
- Royal Legislative Decree 7/2004 (Statute of the Insurance Compensation Consortium)
- Royal Decree 300/2004 (Regulation on extraordinary risk insurance)
- Sendai Framework for Disaster Risk Reduction 2015-2030
- Directive 2009/138/EC (Solvency II)
- Delegated Regulation (EU) 2015/35 (catastrophe risk)
- Regulation (EC) 2012/2002 (EU Solidarity Fund)
- IFRS 17
6 modules · 300 h
1.1Why a country or region creates a fund1.2Protection gap and how it is measured1.3Public, private and mixed models1.4Well-known national schemes1.5Regional funds across countries1.6The role of reinsurance in the scheme1.7Sector vocabulary and acronyms1.8Coverage and equity objectives1.9Financial sustainability of the fund1.10Exercise: comparing two national schemes
2.1Covered perils and their definition2.2Compulsory versus voluntary participation2.3Premium collection base and its equity2.4Single or risk-differentiated premium2.5Limits, deductibles and caps2.6Relationship with private insurance2.7Governance and independence of the fund2.8Transparency and accountability2.9Periodic review of the design2.10Practice: designing a national scheme
3.1Building up reserves over time3.2Reserve capacity against an event3.3Reinsurance of the fund and its structure3.4Sovereign catastrophe bonds3.5Contingent credit lines3.6State guarantees3.7Cost of each layer of financing3.8Optimising the structure3.9Stress testing the fund3.10Practice: designing the financial structure
4.1Catastrophe models for the scheme4.2Estimating expected loss4.3Loss exceedance curves4.4The effect of climate change4.5Uncertainty and prudence margins4.6Technical price versus political price4.7Cross-subsidy and the debate around it4.8Prevention incentives in the price4.9Periodic review of the model4.10Practice: calculating the technical premium
5.1Collection and management of funds5.2Loss adjustment and payment after an event5.3Coordination with private insurers5.4Logistics of a mass claim event5.5Prevention financed by the fund5.6Communication with the public5.7Supervision and audit of the fund5.8Performance indicators5.9Lessons after a major event5.10Practice: fund activation protocol
6.1Choice of country or region6.2Analysis of the protection gap6.3Design of the proposed scheme6.4Financing and reinsurance structure6.5Modelling and technical premium6.6Governance and transparency6.7Activation and payment protocol6.8Monitoring indicators6.9Scheme report6.10Project defence
How you'll learn
Fully 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 study with work.
Each module combines theory, guided reading of the original standard and applied exercises. The working software is Oasis LMF, Verisk Touchstone, Moody’s RMS, R, in free, academic or evaluation versions. Case studies are based on real procedures for designing catastrophe pool schemes, event and fund depletion simulations, and comparison of international public schemes. 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 financing mechanisms for catastrophe risk.
Design the structure of a catastrophe fund or pool.
Determine capitalisation and reinsurance transfer strategies.
Model losses and set technical premiums for a scheme.
Plan the operation of the fund in the event of a disaster.
Where this takes you
Requirements
- No prior degree is required.
- Internet connection and a computer capable of running the programme’s software.
- Sufficient command 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 totals 300 hours, spread over 3 to 5 months. That is an average of 10 to 15 hours per week, compatible with a full-time job.
The course works with Oasis LMF, Verisk Touchstone, Moody’s RMS, R. Free, academic or evaluation versions are used, and the tutor indicates a free alternative where one exists.
A SEIUM 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 are credited towards the advanced programme. Please check the credit transfer policy when you enrol.
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