In only 6 months, you will learn how to manage risk in the insurance industry" 

Why Study at TECH?

TECH is the world's largest 100% online business school. It is an elite business school, with a model based on the highest academic standards. A world-class centre for intensive managerial skills training.   

TECH is a university at the forefront of technology, and puts all its resources at the student's disposal to help them achieve entrepreneurial success"

At TECH Global University

Innovation

The university offers an online learning model that combines the latest educational technology with the most rigorous teaching methods. A unique method with the highest international recognition that will provide students with the keys to develop in a rapidly-evolving world, where innovation must be every entrepreneur’s focus.

"Microsoft Europe Success Story", for integrating the innovative, interactive multi-video system.  

The Highest Standards

Admissions criteria at TECH are not economic. Students don't need to make a large investment to study at this university. However, in order to obtain a qualification from TECH, the student's intelligence and ability will be tested to their limits. The institution's academic standards are exceptionally high...  

95% of TECH students successfully complete their studies.

Networking

Professionals from countries all over the world attend TECH, allowing students to establish a large network of contacts that may prove useful to them in the future.  

100,000+ executives trained each year, 200+ different nationalities.

Empowerment

Students will grow hand in hand with the best companies and highly regarded and influential professionals. TECH has developed strategic partnerships and a valuable network of contacts with major economic players in 7 continents.  

500+ collaborative agreements with leading companies.

Talent

This program is a unique initiative to allow students to showcase their talent in the business world. An opportunity that will allow them to voice their concerns and share their business vision. 

After completing this program, TECH helps students show the world their talent. 

Multicultural Context

While studying at TECH, students will enjoy a unique experience. Study in a multicultural context. In a program with a global vision, through which students can learn about the operating methods in different parts of the world, and gather the latest information that best adapts to their business idea. 

TECH students represent more than 200 different nationalities.   

Learn with the best

In the classroom, TECH teaching staff discuss how they have achieved success in their companies, working in a real, lively, and dynamic context. Teachers who are fully committed to offering a quality specialization that will allow students to advance in their career and stand out in the business world. 

Teachers representing 20 different nationalities. 

TECH strives for excellence and, to this end, boasts a series of characteristics that make this university unique:   

Analysis

TECH explores the student’s critical side, their ability to question things, their problem-solving skills, as well as their interpersonal skills.  

Academic Excellence

TECH offers students the best online learning methodology. The university combines the Relearning method (a postgraduate learning methodology with the highest international rating) with the Case Study. A complex balance between tradition and state-of-the-art, within the context of the most demanding academic itinerary.  

TECH is the world’s largest online university. It currently boasts a portfolio of more than 10,000 university postgraduate programs. And in today's new economy, volume + technology = a ground-breaking price. This way, TECH ensures that studying is not as expensive for students as it would be at another university.  

At TECH, you will have access to the most rigorous and up-to-date case studies in the academic community”

The syllabus provided by this Postgraduate diploma covers a wide range of relevant topics in the field of insurance. In this regard, innovative content is presented, ranging from the fundamentals of insurance and risk to financial and Solvency reporting aspects. In this way, the business professional will have the certainty of receiving the latest tools to become an expert in the field.

You will delve into the requirements for a risk to be insurable and how to classify them"

Syllabus

This program will offer a content that will address various aspects related to insurance and hazard management, as well as the respective regulations. Likewise, the professional will focus on the analysis of the insurable peril, its classification, and risk surveillance. In addition, they will explore the distribution between insurers, addressing reinsurance and coinsurance.

The student will also be able to examine Solvency in detail, including its definition process, comparison with Solvency, scope of application, and structuring. Aspects related to operational risk, credit risk, and BSCR calculation will also be explored.
With this in mind, TECH has rigorously developed this Postgraduate diploma in Solvency in order to provide business professionals with the tools and knowledge necessary to work in the insurance industry. In this way, you will be a reference in the subject and will be able to take giant steps in your work performance.

To achieve this, we present a program under a 100% online modality, which will give the students total freedom of access to a virtual library where they will find a diversity of multimedia resources. In addition, it will allow students to coordinate their daily activities with their learning activities since they will not be subject to a fixed schedule. This methodology, added to the implementation of Relearning, will allow the student to understand concepts in a faster and more effective way.

This Postgraduate diploma takes place over 6 months and is divided into 3 modules:

Module 1. Insurance and Risk
Module 2. Composition of the economic balance sheet under the Solvency rules
Module 3. Solvency: prudent management of the insurance business

Where, When and How is it Taught?

TECH offers the possibility of developing this Executive Postgraduate diploma in Solvency completely online. Over the course of 6 months, you will be able to access all the contents of this program at any time, allowing you to self-manage your study time. 

Module 1. Insurance and Risk

1.1. Risk and its role in the insurance Activity

1.1.1. Risk Contextualization
1.1.2. Risk in Insurance Activity
1.1.3. Risk behaviors

1.2. Insurable Risk

1.2.1. Conditions for a Risk to be Insurable
1.2.2. Risk Classification
1.2.3. Risk Selection and Surveillance

1.3. Risk Distribution among insurance companies

1.3.1. Risk Distribution
1.3.2. Reinsurance
1.3.3. Coinsurance

1.4. Insurance Activity

1.4.1. Cycle of the Insurance Activity
1.4.2. Elements of the Insurance Activity
1.4.3. Profit or Profit Margin in the Insurance Business

1.5. The Insurance Industry and the Control of its Activity

1.5.1. Economic and social function of insurance
1.5.2. Control of the Insurance Activity
1.5.3. Control Objectives

1.6. Evolution of Solvency Regulations

1.6.1. Concept of Solvency. Importance in the Insurance Sector
1.6.2. Developments in Community legislation
1.6.3. Solvency Regulations in Third Countries

1.7. Solvency and Risk

1.7.1. Quantitative Risk Assessment
1.7.2. Qualitative Risk Assessment
1.7.3. Information and Market Transparency

1.8. Risk management as a key element in insurance companies

1.8.1. Risk Management Systems
1.8.2. Risk Management Process
1.8.3. Risk Management in the Insurance Activity. Relevance

1.9. Risk Management and its Role in Digital Transformation

1.9.1. Digital Transformation. Contextualization
1.9.2. Digital Transformation in the Insurance Activity
1.9.3. Digital Transformation and Risk Management

1.10. Emerging Risks in the Insurance Activity

1.10.1. Cyber risks
1.10.2. ESG Risks
1.10.3. Other emerging risks

Module 2. Composition of the economic balance sheet under the Solvency Regulation 

2.1. Solvency

2.1.1. Solvency definition process
2.1.2. Solvency I vs. solvency comparison
2.1.3. Scope of Application
2.1.4. Solvency structuring
2.1.5. Solvency transition measures
2.1.6. Revision of solvency regulations

2.2. Economic balance: Assets

2.2.1. Asset Valuation (NF13)
2.2.2. Intangible assets
2.2.3. Financial and operating leases
2.2.4. Tangible assets
2.2.5. Inversions
2.2.6. Matching adjustment and replicant Portfolio

2.3. Economic balance: Liabilities

2.3.1. Technical Provisions Separation by LOB
2.3.2. Liability calculation: as a whole vs best estimate
2.3.3. Calculation of the present value of provisions

2.4. Economic balance: Net Assets

2.4.1. Valuation of net worth Basic own funds
2.4.2. Valuation of net worth Supplementary own funds
2.4.3. Quality of own funds, Equity Tier
2.4.4. Minimum Capital Requirement (MCR)
2.4.5. Risk map. Standard formula vs. internal/partial model

2.5. Life underwriting risk

2.5.1. Underwriting risk in life insurance
2.5.2. Underwriting risk in death insurance
2.5.3. Underwriting risk in health insurance (life insurance techniques)

2.6. Market Risks

2.6.1. Market Risk
2.6.2. Interest Rate Risk
2.6.3. Equity Risk
2.6.4. Real estate risk
2.6.5. Spread risk
2.6.6. Concentration risk
2.6.7. Currency risk

2.7. Non-life underwriting risk

2.7.1. Non-life underwriting risk: Premium and reserve; fall and catastrophe
2.7.2. Underwriting risk in health insurance (non-life techniques)
2.7.3. USP Own parameters

2.8. Operational risk, credit risk, and BSCR calculation

2.8.1. Operational risk
2.8.2. Methods for calculating operational risk
2.8.3. Introduction to Credit Risk
2.8.4. Methods for calculating operational risk
2.8.5. Global Risk Aggregation Matrix BSCR

2.9. SCR between groups: financial situation

2.9.1. Participating entity
2.9.2. Related entity
2.9.3. Groups subject to monitoring
2.9.4. Consolidation methods and calculation of the group's solvency

2.10. New regulations: IFRS 17

2.10.1. Nf 17
2.10.2. BBA Method 
2.10.3. VFA Method 
2.10.4. PAA Method 
2.10.5. Transition

Module 3. Solvency: Private Management of the Insurance Activity

3.1. Governance and Risk Management System

3.1.1. Aptitude and honorability
3.1.2. Conflicts of Interest
3.1.3. Risk Management System

3.2. Own Risk and Solvency Assessment (ORSA)

3.2.1. ORSA Process
3.2.2. Significant risks: Stress testing and scenario analysis
3.2.3. Description and contents of the ORSA report

3.3. Risk Appetite and Tolerance

3.3.1. Considerations for determining risk appetite
3.3.2. Methodology
3.3.3. Reference Frameworks

3.4. Internal Control and Internal Audit

3.4.1. Internal control system
3.4.2. Internal Auditing Function
3.4.3. Risk map

3.5. Actuarial Function

3.5.1. Organizational Structure
3.5.2. Lines of defense
3.5.3. Scope of actuarial function

3.6. Financial and Solvency Report

3.6.1. Governance System
3.6.2. Risk Profile
3.6.3. Valuation for solvency and capital management purposes

3.7. Periodic monitoring report

3.7.1. Scope
3.7.2. Objectives
3.7.3. Expected future risks

3.8. Reporting Models Quantitative - Quarterly

3.8.1. Information required for monitoring
3.8.2. Taxonomy
3.8.3. Periodicity

3.9. Reporting Models Quantitative - annual

3.9.1. Information required for monitoring
3.9.2. Taxonomy
3.9.3. Periodicity

3.10. Internal Models. Other Considerations

3.10.1. Internal Models
3.10.2. Captive Companies
3.10.3. Review of EU insurance regulations

With the Relearning method, you will , reduce the hours of study and strengthen your understanding in the long term"