(Re)insurers

Suitable for conventional and alternative (re)insurance practitioners.

Capital Markets

Suitable for asset managers investing in, or looking to invest in, ILS.

Public Officials

Suitable for public officials looking to transfer sovereign risk more efficiently.

Make More Informed Decisions With The Knowledge Of Insurance-Linked Securities

Boost your career

Whether you are new to ILS or you are an experienced industry practitioner, this course will teach you the fundamentals of Insurance-Linked Securities. The course covers the foundations of ILS, their pricing, and application in real life.

Our Vision
Our Mission
Renowned issue

The gap between economic and insured losses is wide

The protection gap, the difference between economic and insured losses, is a damning reflection on both the (re)insurance market and those responsible for managing risk.

$ 0 bn

Economic losses from natural disasters in 2021

$ 0 bn

Were insured with a disproportionate share coming from developed markets.

$ 0 bn

A 62% Protection Gap – rising to 95% in developing countries

Professional development
education

The course

Our course is 100% online. When you sign up, you will have access to the Moodle learning portal of SB BSU,

allowing you to learn at your own pace, wherever you are in the world.

Online

6 weeks

£ 960 (750*)

* Last cohort for that price starts 1st August 2022

Insurance-Linked Securities post-graduate programme will equip you with the knowledge and develop the skills necessary to work within the ever-evolving world of Alternative Risk Transfer (ART).

You will undertake a programme that takes a theoretical and practical approach to Insurance-Linked Securities (ILS), looking at what they are, how they are used, and the role they play in narrowing the gap between economic and insured losses.

Moreover, you will learn how this uncorrelated asset class offers diversification and Environmental, Social, and Corporate Governance (ESG) benefits to institutional investors. A particular focus will be placed on how ILS are used to transfer risk related to natural disasters and climate-related weather events along the Belt and Road Initiative (BRI).

LONDON - MAY, 2017: Lloyds of London building
Curriculum
FOR the

The Course

  • Course start date: 15th March 2022
  • Duration: 6 weeks, 100% online
  • Commitment: 6-8 hours per week
  • Fee: GBP 750
  • Inform you on how to use ILS in theory and practice
  • Develop a better understanding of when and why ILS are more suitable than traditional methods of risk transfer
  • Critically evaluate investment projects and opportunities relating to ILS
  • Speak the international language of ILS
  • Why Risk Transfer is so Important

  • Introduction to Insurance-Linked Securities

  • ILS Peak perils presentation; Catastrophe Bonds; Case study;

  • Legal issues in ILS (Guest speaker)

  • Reading a Reinsurance Tower; Basis Risk between Trigger Types; Bond Spreads; Bond Pricing Fundamentals;

  • Industry Loss and Industry Loss Warranties (ILW)

  • How ILS are used today: Marketplace overview; ILS in investor portfolio (Guest speaker)

  • ILS Fund Managers’ Perspective (Guest speaker)

  • Pricing: Bottom-up perspective; Top-down perspective; Relative Value (RV); Live demo of ILS Pricing Model

  • ILS for (re)insurers: Traditional credit risk; Credit risk for (re)insurers; Collateralization; Diversified source of capital; Accessing new territories; Reinsurance tower;

  • Sovereign Disaster Risk Management: Insurance penetration data; CCRIF; The Pacific Alliance; 
    Pandemic Emergency Financing Facility (PEF); Africa Risk Capacity (ARC); Guest speaker;

  • Parametric Cat Bonds for ECIS. ILS case as BRI transit infrastructure protection (Guest speaker)

  • ILS & ESG

  • Qualifying Exam, comprising 50 multiple choice questions to be answered within 3 hours time.

  • Kirill Savrassov & Toby Pughe FCII – co-lecturers
  • Industry leading experts as guest speakers from both the private and public sector at the end of each module.
    To learn more go to Faculty Page

This course is entirely online.

Modules are released weekly and can be undertaken in your own time, wherever you are in the world. This interactive course has been designed for busy professionals and students alike.

When you sign up, you will have access to our learning portal, and you’ll be able to work at your own pace, whenever and wherever you like.

Upon successful completion of the program, you’ll receive a formal academic Certificate of professional qualification upgrade as proof of your knowledge of the subject and a «Cert ILS» (Certified ILS Specialist) designation to underline your ILS knowledge commitments.

Also, if required, students will receive 1,5 academic course credit towards their European Credit Transfer System (ECTS) points.

The ECTS helps students transfer credits from one higher education institution to another, with participating countries including the United Kingdom, Germany, Spain, France and many more.

Look forward
to see you

the Fundamentals of Insurance-Linked Securities post-graduate course

Formal diploma AND "Certified ILS Specialist" designation
on successful course completion

Next group to start in early august 2022
Time left to join:
Days
Hours
Minutes
Following group to start in mid september 2022
Time left to join:
Days
Hours
Minutes
To enroll or ask questions
Geography
and occupation

of our participants

Testimonials
from our alumnis and partners

What They Say

Industry Cases
examples

Recent Parametric Payouts

Phillipines 2021
The government of the Philippines has drawn $80 million to help in the recovery from super typhoon Rai (Odette) from the World Bank supported catastrophe contingent line-of-credit it has in place through a Catastrophe-Deferred Drawdown Option arrangement, dubbed the CAT-DDO 4.
Click Here
Tonga 2022
The Pacific Island nation of Tonga will receive a US $8 million payout disbursement from a World Bank arranged catastrophe contingent line of credit, under a Catastrophe-Deferred Drawdown Option, or CAT-DDO.
Click Here
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I have recently been calling for more and better catastrophe-triggered instruments, easier access to flexible finance and increased support for regional adaptation and financing

António Guterres, UN Secretary General @ IDF Summit 2021

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