Course in Insurance and Risk in Resilient Cities
Online 300-Hour Course in Insurance and Risk in Resilient Cities. 6 Modules Covering Royal Legislative Decree 7/2004, The Legal Statute of the Insurance Compensation Consortium, Royal Decree 300/2004, The Regulation on Extraordinary Risk Insurance, and Climate. Assigned tutor and open enrollment.
Course in Insurance and Risk in Resilient Cities — studying from South Africa
Civil engineering is central to South Africa's infrastructure, from roads and water systems to rail and urban development. Transnet's freight rail network, the Gautrain system in Gauteng and metropolitan projects in Cape Town, Durban and Johannesburg create steady demand for engineers. Large contractors and consultancies, along with public agencies such as the South African National Roads Agency Limited, employ specialists in structures, transport and urban systems. Smart city initiatives increasingly combine civil works with digital monitoring and sustainable design.
Fees for South Africa: 14,600 R (South African rand), with instalments and employer sponsorship available.
Relevant bodies in South Africa
Typical roles
Questions from South Africa
How is the final project chosen?
You complete a capstone project that can be linked to a real problem in your current or intended field. Your technical tutor guides you through scope, methodology and delivery.
Can I pay my fees in rand?
Yes. Fees for South African learners are shown in South African rand (ZAR), and instalment plans are available. Some learners also arrange employer sponsorship.
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 insurance operates in the face of catastrophic risks.
Interpret exceedance curves and expected losses.
Design a city's risk financing strategy.
Evaluate parametric instruments and catastrophe bonds.
Analyse the role of the insurance compensation consortium.
Use insurance as an incentive for prevention.
Assess the economic value of retention and transfer alternatives.
Who it's for
- Risk and insurance manager looking to specialise in Insurance and Risk in Resilient Cities.
- Catastrophe modelling analyst looking to specialise in Insurance and Risk in Resilient Cities.
- Risk financing consultant looking to specialise in Insurance and Risk in Resilient Cities.
- Property risk underwriter looking to specialise in Insurance and Risk in Resilient Cities.
- Public claims management officer looking to specialise in Insurance and Risk in Resilient Cities.
- Climate risk analyst looking to specialise in Insurance and Risk in Resilient Cities.
- Graduates in engineering or sciences seeking to enter the insurance and reinsurance sector.
What you'll work with
- Royal Legislative Decree 7/2004, Legal Statute of the Insurance Compensation Consortium
- Royal Decree 300/2004, Regulation on Extraordinary Risk Insurance
- Law 50/1980 on Insurance Contracts
- Directive 2009/138/EC Solvency II
- LAW 20/2015 on the organization, supervision and solution
- Directive (EU) 2022/2464 on Corporate Sustainability Reporting (CSRD)
- Law 9/2017 on Public Sector Contracts
6 modules · 300 h
1.1Principles of the Insurance Contract1.2Insurable and uninsurable risks1.3Extraordinary risks and their cover in Spain1.4Insurance Compensation Consortium1.5Insurance Protection Gap1.6Property damage, civil liability and loss of profits insurance1.7Reinsurance and International Markets1.8Police for public bodies1.9Claims from the 2024 DANA Event1.10Case Study: Damage Cover After an Urban Flood
2.1Structure of a catastrophe model2.2Hazard, vulnerability and financial modules2.3Exceedance probability (EP) curves2.4Average annual loss and return periods2.5Probable maximum loss (PML)2.6Flood, earthquake and wind models2.7Primary and secondary uncertainty2.8Open models: Oasis LMF and CLIMADA2.9Climate scenarios in modelling2.10Laboratory: EP curve for a municipal portfolio with CLIMADA
3.1Inventory and valuation of public assets3.2Identification of financial exposures3.3Retention, transfer and mitigation3.4Municipal insurance programmes3.5Deductibles and self-insurance funds3.6Public procurement of insurance3.7Claims management in public administration3.8Patrimonial liability and claims3.9Risks for concessionaires and contractors3.10Workshop: financial exposure map of a city council
4.1Parametric insurance and trigger indices4.2Catastrophe bonds and their structure4.3Basis risk in parametric cover4.4Regional risk pools: CCRIF and ARC4.5Contingent credit lines4.6Resilience bonds and premium reduction4.7Nature-based solutions insurance4.8Solvency II and catastrophe risk capital4.9Climate-related disclosure: TCFD and CSRD4.10Case study: designing a parametric rainfall insurance product
5.1Risk-based premiums and the economic signal5.2Prevention measures recognised by insurers5.3Building back better after a loss5.4Claims data for urban planning5.5Public-private collaboration on climate risks5.6Lessons from Flood Re and the NFIP5.7Affordability and equity in cover5.8Insurance education for citizens5.9Risk of uninsurability due to climate change5.10Case study: prevention incentives in a flood-prone neighbourhood
6.1Selection of the city or portfolio6.2Inventory of exposures6.3Modelling expected losses6.4Analysis of current cover6.5Proposal for a risk financing strategy6.6Design of an innovative instrument6.7Incentivised prevention measures6.8Comparative economic valuation6.9Report and presentation6.10Final 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 course with work.
Each module combines theory, guided reading of the original standard and applied exercises. The working software is CLIMADA, Oasis LMF, R, QGIS, Microsoft Excel, in free, academic or evaluation versions. Assignments are based on real catastrophe loss modelling procedures for a municipal portfolio, the design of a parametric insurance product for extreme rainfall, and analysis of a city's risk transfer strategy. 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 how insurance operates in the face of catastrophic risks.
Interpret exceedance curves and expected losses.
Design a city's risk financing strategy.
Evaluate parametric instruments and catastrophe bonds.
Analyse the role of the Consorcio de Compensación de Seguros.
Where this takes you
Requirements
- No prior degree is 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 totals 300 hours, spread over 3 to 5 months. That is between 10 and 15 hours per week on average, compatible with a full-time job.
You will work with CLIMADA, Oasis LMF, R, QGIS, Microsoft Excel. Free, academic or evaluation versions are used, and the tutor indicates the free alternative where one exists.
A SEIUM Institute diploma upon passing the continuous assessment and the integrative project. This 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 higher-level programme. Please check the credit recognition policy when you enrol.
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