Course in Insurance Transparency and International Reporting
Online 300-hour course in insurance transparency and international reporting. 6 modules covering IFRS 17 (insurance contracts), Directive 2009/138/EC (Solvency II: SFCR and RSR) and Workiva. Assigned tutor and open enrolment.
Course in Insurance Transparency and International Reporting — studying from the United Kingdom
Insurance and risk analysis are important sectors in the United Kingdom, with London's market, the City of London and Edinburgh's financial services hub employing large numbers of actuaries, risk analysts and data specialists. Engineering knowledge is increasingly valuable in assessing risk for vehicles, infrastructure, energy and emerging technologies. Insurers and reinsurers use modelling, catastrophe analysis and telematics data. Regulation by the Prudential Regulation Authority and the Financial Conduct Authority shapes professional practice in this area.
Fees for the United Kingdom: £664 (Pound sterling), with instalments and employer sponsorship available.
Relevant bodies in the United Kingdom
Typical roles
Questions from the United Kingdom
Which UK bodies relate to actuarial and risk qualifications, and does SEIUM's training count towards their exams?
In the UK, actuarial professional status is governed by the Institute and Faculty of Actuaries, which runs its own examinations and accreditation. SEIUM's training is not accredited by the IFoA or any national body, and it does not confer exemptions from those exams unless the IFoA itself decides so. Confirm exemption policies directly with the IFoA before enrolling.
Do UK insurers and risk firms hire people with private online engineering or data qualifications?
UK insurers and risk consultancies recruit on the basis of skills, experience and recognised credentials. A private qualification may support an application where it demonstrates applied data or risk modelling, but employers decide its value case by case. Practical project work often carries more weight, so present your final project clearly on your CV and in interviews.
How much study time is needed, and can I pay for it in instalments while working in the UK?
Programmes range from 300 hours for specialist courses to 1,900 hours for master's programmes, all delivered online in English. You are assigned a technical tutor for support. Fees are payable in instalments, and employer sponsorship is possible. Plan weekly study hours realistically, as the total hours are substantial for a part-time learner.
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
Understand the objectives and users of an insurance undertaking's reporting.
Interpret financial statements under IFRS 17 and IFRS 9.
Prepare the main contents of the SFCR report and the quantitative templates.
Reconcile accounting figures with those of the Solvency II balance sheet.
Prepare sustainability information in line with CSRD and ESRS.
Design controls and governance for the reporting process.
Communicate the financial and risk position transparently to different audiences.
Who it's for
- Financial reporting technician in insurance who wishes to specialise in Insurance transparency and international reporting.
- Solvency II regulatory reporting analyst who wishes to specialise in Insurance transparency and international reporting.
- Sustainability information specialist who wishes to specialise in Insurance transparency and international reporting.
- Auditor of insurance undertakings who wishes to specialise in Insurance transparency and international reporting.
- Insurance company controller who wishes to specialise in Insurance transparency and international reporting.
- Supervisory relations manager who wishes to specialise in Insurance transparency and international reporting.
- Graduates in engineering or sciences seeking to enter insurance companies.
What you'll work with
- IFRS 17 (insurance contracts)
- Directive 2009/138/EC (Solvency II: SFCR and RSR)
- Directive (EU) 2022/2464 (CSRD)
- IFRS 9 (financial instruments)
- IFRS S1 and IFRS S2 (ISSB, sustainability and climate-related information)
- Delegated Regulation (EU) 2023/2772 (ESRS standards)
- Regulation (EU) 2020/852 (taxonomy)
6 modules · 300 h
1.1For whom reporting is prepared: supervisor, market and customer1.2Types of reporting and their purpose1.3Financial and non-financial information1.4International financial reporting framework1.5Solvency and financial condition reporting1.6Information for the public and the market1.7Sector vocabulary and acronyms1.8Data quality and its governance1.9Common reporting errors1.10Exercise: inventory of an undertaking's reports
2.1International standard on insurance contracts2.2Measurement of contracts and their models2.3Contractual service margin2.4Presentation of results and comparability2.5Transition and restatement2.6Interaction with financial instruments standards2.7Judgements and estimates to be disclosed2.8Audit of financial statements2.9Communication to the market2.10Practice: critical reading of a financial statement
3.1Quantitative solvency requirements3.2Periodic reporting templates3.3Own risk and solvency assessment report3.4Report to the supervisor and the public3.5Reporting calendar and deadlines3.6Data quality and validation3.7Interaction between prudential and accounting reporting3.8Group supervision3.9Common supervisory findings3.10Practice: structure of a report to the supervisor
4.1European sustainability reporting legislation4.2Reporting standards and double materiality4.3Taxonomy and associated metrics4.4Disclosure for financial products4.5Required data and how to obtain it4.6Independent assurance4.7Risk of unfounded claims4.8Integration with financial reporting4.9Information governance4.10Practice: index of a sustainability report
5.1Responsibilities and internal controls5.2Data traceability back to source5.3Automation of the reporting process5.4Reconciliations between reports5.5Error management and restatements5.6Relationship with internal and external audit5.7Team training5.8Reporting quality indicators5.9Continuous improvement of the process5.10Practice: control plan for the reporting process
6.1Choice of undertaking and scope6.2Inventory of reporting obligations6.3Diagnosis of the current process6.4Design of controls and traceability6.5Automation plan6.6Verification and audit plan6.7Quality indicators6.8Implementation plan6.9Project report6.10Project defence
How you'll learn
100% online training on the SEIUM campus, with downloadable material, recorded classes and an assigned technical tutor. 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 Workiva, CCH Tagetik, Arelle (XBRL), advanced Excel, Power BI, in free, academic or evaluation versions. Case studies are based on real procedures for preparing a report on financial and solvency position, reconciliation between IFRS 17 statements and the Solvency II economic balance sheet, and review of a sustainability report under ESRS. Assessment is continuous, module 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.
Understand the objectives and users of an insurance undertaking's reporting.
Interpret financial statements under IFRS 17 and IFRS 9.
Prepare the main contents of the SFCR report and the quantitative templates.
Reconcile accounting figures with those of the Solvency II balance sheet.
Prepare sustainability information in line with CSRD and ESRS.
Where this takes you
Requirements
- No prior degree required.
- Internet connection and a computer capable of running the programme's software.
- Sufficient 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 course works with Workiva, CCH Tagetik, Arelle (XBRL), advanced Excel and Power BI. Free, academic or evaluation versions are used, and the tutor indicates the free alternative where one exists.
A SEIUM own diploma on passing the continuous assessment and the integrative 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 advanced programme. Please consult the credit transfer policy when you enrol.
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