Diploma in Reinsurance Models for Multimodal Transport
Online postgraduate diploma of 800 hours in Reinsurance Models for Multimodal Transport: 8 modules covering reinsurance fundamentals, multimodal transport risks, proportional and non-proportional treaties, modelling and pricing, accumulation and catastrophe management, and contract strategy, with an assigned technical tutor.
Diploma in Reinsurance Models for Multimodal Transport — studying from the United Kingdom
Off-road, special vehicles and heavy machinery are important to the United Kingdom's manufacturing and agriculture sectors. Companies in the Midlands, the North East and Scotland produce construction equipment, agricultural machinery, specialist vehicles and mining equipment. JCB, headquartered in Staffordshire, is a prominent example, alongside many specialist suppliers. Engineers work on hydraulics, powertrain, chassis and control systems, meeting regulatory and safety requirements for working machines.
Fees for the United Kingdom: £746 (Pound sterling), with instalments and employer sponsorship available.
Relevant bodies in the United Kingdom
Typical roles
Questions from the United Kingdom
Are there UK professional bodies that recognise off-road and specialist vehicle engineering training?
Relevant UK bodies include the Institution of Mechanical Engineers, the Institute of the Motor Industry and the Institution of Agricultural Engineers. Recognition for membership usually depends on accredited qualifications and experience. SEIUM's courses are private and not accredited by any national body, so the relevant institution would decide independently whether to accept any of the training.
Will UK employers in construction, agriculture or specialist vehicles value this qualification?
Employers in these sectors often prioritise practical skills, machinery experience and familiarity with safety standards. A private online qualification may strengthen an application where it evidences specialist knowledge, particularly through a final project, but its value is decided by each employer. Ask prospective employers how they regard such training.
Can I study alongside work in the UK, and how are fees handled?
Programmes are fully online, taught in English and fit around work schedules, with an assigned technical tutor for guidance. Study ranges from 300 to 1,900 hours depending on the programme. Fees are payable in instalments, and employer sponsorship is possible. No visa is needed because you study from within the UK.
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 how reinsurance works.
Analyse the risks of multimodal transport.
Design proportional reinsurance treaties.
Design non-proportional reinsurance structures.
Model and price transport risks.
Manage accumulations and catastrophes.
Optimise and place reinsurance programmes.
Who it's for
- Reinsurance underwriters.
- Non-life actuaries.
- Catastrophe analysts.
- Reinsurance brokers.
- Transport portfolio managers at insurers.
- Marine risk analysts.
- Engineering or science graduates looking to enter reinsurance.
What you'll work with
- Directive 2009/138/EC (Solvency II)
- Delegated Regulation (EU) 2015/35 (Solvency II implementing rules)
- Institute Cargo Clauses (A), (B) and (C) (cargo insurance cover)
- UNCTAD/ICC Rules (multimodal transport documents)
- 2008 Rotterdam Rules (carriage of goods wholly or partly by sea)
- IFRS 17 (insurance contracts)
- Spanish Law 50/1980 (insurance contracts)
- R
- Python
- Verisk Touchstone
- Moody's RMS
- Microsoft Excel
8 modules
1.1Functions of reinsurance1.2Facultative and treaty reinsurance1.3The global reinsurance market1.4Lloyd's and professional reinsurers1.5Cedant, reinsurer and broker1.6Capacity and capital1.7The market cycle1.8Reinsurance and Solvency II1.9Reinsurance contract terminology1.10Case study: reinsurance structure of a transport insurer
2.1Multimodal chains: sea, road, rail and air2.2Door-to-door cargo insurance2.3Liability of the multimodal transport operator2.4Rotterdam Rules and UNCTAD/ICC Rules2.5Accumulation in ports and warehouses2.6Natural catastrophe risks2.7Political and war risks2.8Project cargo2.9Hull and carrier liability2.10Practical exercise: accumulation map of a cargo portfolio
3.1Quota share treaties3.2Surplus treaties3.3Reinsurance commissions3.4Profit commission3.5Line limits3.6Cession of premiums and claims3.7Advantages for the cedant3.8Effect on solvency3.9Application to cargo portfolios3.10Workshop: designing a surplus treaty
4.1Per-risk excess of loss4.2Per-event excess of loss4.3Stop loss treaties4.4Retention and capacity4.5Reinstatements and their cost4.6Hours clauses4.7Annual aggregate limits4.8Layer pricing4.9Application to port accumulations4.10Practical exercise: XL structure for a transport portfolio
5.1Claims experience analysis5.2Claims development and triangulation5.3Frequency and severity models5.4Pareto and lognormal distributions5.5The burning cost method5.6Exposure rating models5.7Catastrophe models5.8Aggregate loss simulation5.9Capital load in pricing5.10Lab: pricing an XL layer in R
6.1Identifying accumulations6.2Geolocated exposure data6.3Hurricane and windstorm models6.4Flooding in ports6.5Lessons from major port losses6.6Realistic disaster scenarios6.7Underwriting limits6.8Catastrophe reinsurance6.9Exposure monitoring6.10Case study: explosion scenario in a port
7.1Drafting the slip and wording7.2Follow-the-fortunes clauses7.3Claims cooperation clauses7.4Settlement with reinsurers7.5Disputes and arbitration7.6Reinsurer credit risk7.7Alternatives: catastrophe bonds and parametric cover7.8Optimising the structure7.9Renewal strategy7.10Workshop: comparing alternative structures
8.1Selecting the portfolio8.2Exposure analysis8.3Loss modelling8.4Designing the proportional layer8.5Non-proportional design8.6Pricing the programme8.7Placement strategy8.8Conclusions and areas for improvement8.9Report and presentation8.10Final project: final review with the tutor
How you'll learn
Training is 100% online on SEIUM's campus, with downloadable material, recorded classes and an assigned technical tutor. There are no fixed timetables: you progress at your own pace within each intake, so the programme fits around your job.
Each module combines theory, guided reading of the original standard and applied exercises. The working software is R, Python, Verisk Touchstone, Moody's RMS and Microsoft Excel, in free, academic or evaluation versions. Exercises are based on real procedures for pricing an excess-of-loss layer, analysing port accumulations and simulating aggregate losses. Assessment is continuous by module, plus the final capstone project.
Standards covered: Directive 2009/138/EC Solvency II, Delegated Regulation (EU) 2015/35, Institute Cargo Clauses (A), (B) and (C), UNCTAD/ICC Rules for Multimodal Transport Documents, 2008 Rotterdam Rules, IFRS 17, Spanish Insurance Contract Act 50/1980.
Build it end to end
Your final project follows the real engineering workflow, step by step, reviewed by your tutor.
Where this takes you
Requirements
- Prior technical training or professional experience in the sector. No university degree is required.
- Internet connection and a computer able to run the programme software.
- English sufficient to read technical standards.
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 800 hours over 6–8 months. You set your own pace within each intake, and your tutor helps you plan the workload around your job.
You work with R, Python, Verisk Touchstone, Moody's RMS and Microsoft Excel, using free, academic or evaluation versions. Your tutor indicates the free alternative wherever one exists.
A SEIUM Institute diploma, awarded on passing the continuous assessment and the final project. It is SEIUM's own qualification, not an official state degree; its recognition depends on the programme completed and the regulations of each country.
Yes. Modules passed are recognised in a higher programme in the same area (postgraduate diploma or master's). Ask about the recognition policy when you enrol.
Prior technical training or professional experience in the sector (no university degree required), a computer able to run the programme software and English sufficient to read technical standards.
Start dates are set by SEIUM's faculty for each intake. Our admissions team will confirm the next available date when you apply.
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