Postgraduate Diploma in Policy Auditing and Exposure Management
Online 800-hour Postgraduate Diploma in Policy Auditing and Exposure Management. 8 modules covering Ley 50/1980 de Contrato de Seguro (art. 30, proportional rule), Directive 2009/138/EC (Solvency II) and advanced Excel. Assigned tutor and open enrolment.
Postgraduate Diploma in Policy Auditing and Exposure Management — 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: £746 (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
Characterise the exposure of a policy portfolio.
Plan and carry out policy audits.
Detect situations of underinsurance and overinsurance.
Identify accumulations and catastrophic exposures.
Design exposure management tools.
Relate exposure to regulatory and capital requirements.
Automate exposure analytics.
Who it's for
- Policy auditor looking to specialise in Policy Auditing and Exposure Management.
- Exposure analyst looking to specialise in Policy Auditing and Exposure Management.
- Portfolio manager looking to specialise in Policy Auditing and Exposure Management.
- Underwriting technician looking to specialise in Policy Auditing and Exposure Management.
- Accumulation analyst looking to specialise in Policy Auditing and Exposure Management.
- Internal insurance auditor looking to specialise in Policy Auditing and Exposure Management.
- Engineering or science graduates looking to enter insurance companies.
What you'll work with
- Ley 50/1980 de Contrato de Seguro (art. 30, proportional rule)
- Directive 2009/138/EC (Solvency II)
- Delegated Regulation (EU) 2015/35
- ISO 19011 (auditing of management systems)
- ISO 31000 (risk management)
- IFRS 17 (insurance contracts)
- Ley 20/2015 (LOSSEAR)
8 modules · 800 h
1.1Concept of risk exposure1.2Exposure units by line of business1.3Sum insured and value at risk1.4Accumulation of exposures1.5Geographic concentration of risk1.6Exposure in civil liability1.7Quality of exposure data1.8Portfolio management systems1.9Risk appetite and limits1.10Case study: exposure profile of a home insurance portfolio
2.1Objectives of policy auditing2.2Statistical sampling of policies2.3Review of underwriting2.4Verification of premiums and rates2.5Checking of issued cover2.6Control of contractual documentation2.7Auditing fleet and corporate policies2.8Review of endorsements and supplements2.9Audit report2.10Practical: sampling and review of policies
3.1Proportional rule and real value3.2Underinsurance in property damage3.3Overinsurance and its consequences3.4Valuation of buildings3.5Valuation of stock3.6Replacement value clauses3.7Updating of sums insured3.8Analytical detection of underinsurance3.9Communication to the policyholder3.10Laboratory: detecting underinsurance with cadastral data
4.1Identification of accumulations4.2Exposure maps with GIS4.3CRESTA accumulation zones4.4Catastrophe scenarios4.5Catastrophe models and their use4.6Exposure to climate risks4.7Limits by zone4.8Flood risk4.9Exposure to seismic risk4.10Practical: accumulation map in QGIS
5.1Underwriting policies5.2Capacity limits5.3Reinsurance and cession5.4Diversification strategies5.5Risk selection5.6Risk inspections5.7Rate adjustments5.8Underwriting windows5.9Monitoring of exposures5.10Case study: rebalancing a concentrated portfolio
6.1Solvency II and underwriting capital6.2Catastrophe module of the standard formula6.3ORSA and risk assessment6.4Reporting to the supervisor6.5The role of internal audit6.6Key functions in Solvency II6.7Exposure data requirements6.8ACORD data standards6.9Emerging underwriting risks6.10Workshop: simplified calculation of catastrophe capital
7.1Exposure dashboards7.2External risk data7.3Geocoding of policies7.4Automation of controls7.5Anomaly detection in underwriting7.6Automated valuation models7.7Integration with reinsurers7.8BI tools7.9Data quality7.10Practical: exposure dashboard
8.1Portfolio selection8.2Audit plan8.3Policy sampling8.4Underinsurance analysis8.5Accumulation analysis8.6Capital assessment8.7Proposed measures8.8Monitoring plan8.9Report and presentation8.10Final review with the tutor
How you'll learn
100% online training on the SEIUM campus, with downloadable material, recorded classes and an assigned technical tutor. There are no fixed timetables: students progress at their own pace within the enrolment period, which makes it possible to combine the programme with work.
Each module combines theory, guided reading of the original standard and applied exercises. The working software is advanced Excel, Python (pandas), Power BI, Verisk Touchstone, QGIS, in free, academic or evaluation versions. The case work covers real audit procedures on a sample of property policies, detection of underinsurance through replacement valuations, and accumulation analysis by zone. 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.
Characterise the exposure of a policy portfolio.
Plan and carry out policy audits.
Detect situations of underinsurance and overinsurance.
Identify accumulations and catastrophic exposures.
Design exposure management tools.
Where this takes you
Requirements
- Prior technical training or professional experience in the sector. No university degree is required.
- Internet connection and a computer capable of running the programme’s 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, spread over 6 to 8 months. That is an average of 10 to 15 hours per week, compatible with a full-time job.
You work with advanced Excel, Python (pandas), Power BI, Verisk Touchstone, QGIS. Free, academic or evaluation versions are used, and the tutor indicates the free alternative where one exists.
An SEIUM in-house diploma on passing the continuous assessment and the final integrative project. This 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. Check the credit transfer policy when you enrol.
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