Masters Degrees (Insurance)

Insurance is a key part of commercial law and practice. It is an enormous industry: in the UK it is second only to banking in terms of the number of employees and the revenues generated. London is one of the world’s leading centres for the industry, and, as well as hosting the head offices of many insurance companies, it is home to the Lloyd’s insurance market.

The LLM in Insurance Law was established by a leading expert in the field, Professor Philip Rawlings, with the aim of filling a significant gap in the current academic and professional training market. The programme will equip you with the knowledge, skills and practical tools needed to gain a thorough understanding of insurance law, practice and regulation.

Queen Mary University of London was the first UK university to offer a specialist LLM in Insurance Law. Insurance law modules have also proved popular among students taking other specialisms.

Insurance Law Institute

The Insurance Law Institute at Queen Mary was established in 2012 as part of the Centre for Commercial Law Studies (CCLS) to support high quality teaching and research in all areas of Insurance Law.

Taught modules

To specialise in this area, you must select 90 credits of modules from this list and do your compulsory dissertation in the field of Insurance Law (45 credits). The additional 45 credits of taught modules can be in this area or can be unrelated and therefore selected from the full list of LLM modules.

All modules are 22.5 credits unless otherwise stated.

Note: Not all of the modules listed will be available in any one year and semesters listed can be subject to change. Any modules not available in the forthcoming academic session will be marked as soon as this information is confirmed by teaching academics.

The updated module list below represents the result of our ongoing modularisation of the LLM which is intended to offer students greater flexibility and choice of module options.

◦ QLLM138 General Principles of Insurance Law (Sem 1)
◦ QLLM139 Insurance Regulation (Sem 2)
◦ QLLM141 Insurance Contracts (Sem 1)
◦ QLLM142 Reinsurance Law (Sem 2)
◦ QLLM155 Principles of Regulation (Sem1)
◦ QLLM156 Introduction to Insurance Regulation (Sem 1) (Not running 2016-17)
◦ QLLM300 / QLLG001 Marine Insurance Law (Sem 1)
◦ QLLM367 International Financial Regulation (sem 2) (Not running 2016-17)
◦ QLLM374 Law and Ethics in Finance (Sem 1) (Not running 2016-17)
◦ QLLM375 Corporate Governance and Responsibility in Finance (Sem 2) (Not running 2016-17)
◦ QLLM378 Securities Regulation (sem 2)

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The MSc in Insurance and Risk Management is a well-established course that explores the multi-faceted world of risk management and reflects the growing interplay between insurance, risk management and financial services. As such, it will equip you with the all-round skills necessary to succeed in a constantly developing business environment.

The programme combines a practical approach with sound theory to create a learning experience that is both challenging and stimulating. You will emerge with a well-regarded and flexible postgraduate degree, solidly positioned to build a successful career in an exciting and increasingly complex business world.

Cass's location, close to the City of London, has enabled us to establish close links with many leading financial organisations. This will help you to access outstanding networking and career opportunities.

Professional examinations

Students have the opportunity to earn substantial exemptions from professional examinations in the field of insurance and risk management, including 205 - 210 credits towards the 290 required for the Chartered Insurance Institute (CII) Advanced Diploma. Exemptions are also given from some examinations of the Institute of Risk Management (IRM).

Visit the website: http://www.cass.city.ac.uk/courses/masters/courses/insurance-and-risk-management/2017

Course detail

The MSc in Insurance & Risk Management starts with two compulsory induction weeks, focused on:

• An introduction to the Cass Careers offering with a focus on key skills and attributes that employers are looking for. The annual MSc Careers Fair at this time also provides the opportunity to meet over 60 companies who are recruiting across many sectors including finance, energy, insurance, real estate, shipping, strategic management and internal auditing.

• a refresher course of basic financial mathematics, statistics, computing and electronic databases.

Format

To satisfy the requirements of the degree course students must complete:

• eight core courses (15 credits each)
and
• five electives (10 credits each)
or
• one elective (10 credits) and a Business Research Project (40 credits)

Assessment

Assessment of modules on the MSc in Insurance & Risk Management, in most cases, is by means of coursework and unseen examination. Coursework may consist of standard essays, individual and group presentations, group reports, classwork, unseen tests and problem sets. Please note that any group work may include an element of peer assessment.

Career opportunities

Our graduates enjoy senior positions across the world in many types of businesses including international insurance, reinsurance and insurance broking firms, Lloyd's of London, leading investment and retail banks, leading accountancy firms, management consultancies, risk management departments of major corporations, regulatory authorities and many other fields.

Some examples of where graduates from the MSc in Insurance and Risk Management class of 2014 are working are:

• Centre Bank of Malaysia – Supervisor
• One Alliance Insurance Services – Intern
• EY – Consultant, Financial Services Risk Advisory
• Kenya Pipeline – Legal Officer.

How to apply

Apply here: http://www.city.ac.uk/study/postgraduate/applying-to-city

Funding

For information on funding, please follow this link: http://www.city.ac.uk/study/postgraduate/funding-and-financial-support

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Start date: 25th September 2017
Application deadline: 25th August 2017

Study the leading university qualification on marine insurance, law, the market and claims. It equips you with the knowledge to better understand the way marine insurance markets function and the terms of the standard covers available.

This Postgraduate Diploma in Marine Insurance will:
• Boost your ability to address, analyse and solve insurance problems
• Look at matters from the perspective of assurers or underwriters
• Advise clients and underwriters on points of principle and policy wordings

On successful completion of the course, students will have:
• An understanding of the principles of Marine Insurance and the commercial context in which they operate;
• The ability to analyse practical problems and a capacity for independent study;
• The ability to apply the knowledge gained to problems that arise in practice

Syllabus:
Module 1 - Principles of marine Insurance Law
Module 2 – Special Categories of Marine Insurance Cover
Module 3 – P&I Clubs and Mutual Insurance
Module 4 – Marine Reinsurance
Module 5 – Claims

Ideal for:
• Maritime and insurance personnel who desire to have a formal academic qualification
• Relative newcomers in either shipping or insurance aspiring to increase their knowledge
• Experienced practitioners needing to deepen their expertise and understanding of the law relating to marine insurance
• Senior ship officers requiring to broaden their professional competence and lay the foundations for future careers ashore

Delivered by online tutored distance learning, this programme allows you to study and gain knowledge without disrupting your normal work

You will have access to all course materials, expert tutorial support and peer networking using our online learning management system.

Ready to apply?
Do not delay your application – you may qualify for an early enrolment discount, and some courses have a maximum number of participants. Our online application form securely accepts payment by credit card in either £, $ or €, or we will invoice you or your employer for payment by bank transfer.

Course Fees:

If paid on or before 02 Jul 2017: £5050 / US$6565
If paid after 02 Jul 2017: £5450 / US$7085

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Summary

Insurance law is a complex and intriguing subject that is fascinating to study and offers a multitude of rewarding career prospects. Insurance Law is in the midst of an unprecedented phase of reform and redevelopment, with long-standing principles being amended by the courts and Parliament. The Law School is home to one of the UK’s leading research centres in this field, contributing to industry and government initiatives on insurance fraud, flood risk and the rise of ‘big data’. The LLM in Insurance Law offers the opportunity to study insurance in depth and to reflect on the interaction of insurance with aspects of personal life, business risk and international trade.

Modules

Compulsory modules: Insurance Law; Marine Insurance

Optional modules: two modules can be chosen from Insurance Law, Marine Insurance, International Commercial Arbitration, International Trade Law, International Marine and European Environmental (Liability) Law

Visit our website for further information.

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In the aftermath of the 2007-2009 financial crisis, most organisations in finance, banking and insurance are undergoing major changes. These organisations are actively seeking postgraduates who are disciplined in these fields. Westminster Business School is one of just a handful of UK universities to offer a Master's degree in Finance, Banking and Insurance, leaving our graduates' skills sought after on the job market.

Studying Finance, Banking and Insurance MSc will enable you to pursue a wide range of careers in the financial services industry and to study further for professional institute exams. This year-long full-time programme is designed for students who want to work in the areas of finance, financial services and banking, investment banking, retail banking, insurance, re-insurance and hedged funds as private client advisors and financial analysis both in the public and private sectors.

Course content

The course is designed to give you an essential understanding of the role and operations of the finance, banks and insurance companies. The course is delivered by highly qualified individuals with extensive research experience and strong industry links. During your studies, you will acquire essential knowledge and skills that will set the foundations for a successful career in the financial services sector, and you will gain access to our ever-growing alumni network which will support your career development following your graduation.

A highlight for many students are the field trips and social events organised throughout the course which provide an opportunity for networking with peers, alumni and industry professionals.

Students on this course benefit from free access to part of the material on the course reading list and an online subscription to Financial Times.

Modules

The following modules are indicative of what you will study on this course.

Core modules
-Compliance and Law in Banking and Insurance
-Global Banking
-Insurance Markets and Operations
-International Risk Management
-Modern Finance
-Research Methods
-Project

Option modules
-Advanced Topics in Insurance
-Banking Risk and Operations
-Financial Derivatives
-Financial Markets and Institutions
-Fixed Income Analysis and Trading
-Forecasting Markets and Risk Modelling
-International Financial Reporting
-Modern Portfolio Management

Accredited internship

All students on our full-time business Masters courses can apply to undertake the PG/MBA Internship Programme Reflective Practitioner Module. This is an 8 week unpaid accredited internship, which can be taken in addition to option modules and will help students to gain invaluable work experience. The internships, which are with London-based organisations, take place during the summer period. To apply, students must submit a completed application form and a copy of their updated CV to the Business Experience Team; the team then shortlist from the applications and conduct group meetings with the applicants.

Ultimately it is up to our internship employers to decide whether they would like to interview the candidate(s) and offer him/her an internship. We have received very positive feedback from both postgraduate students and employers and expect that the internship programme will continue to remain popular amongst our students.

Careers

Our dedicated Career Development Centre is actively working with an ever-expanding network of over 3,000 employers to provide you with exceptional employability support and guidance. As a result we were nominated as finalists for a significant industry award – the NUE Awards Most Improved Commitment to Employability 2016.

We provide our students with work placements and international opportunities to support them in becoming highly employable, globally engaged graduates, and with one million businesses operating within 20 miles of the University of Westminster, over 84% of our students are in work or further study six months after graduation. Our graduates work in a variety of sectors and organisations, from small/medium-sized companies and start-ups to large not-for-profit organisations and corporates.

During your time at Westminster you will be able to use our comprehensive online vacancy service and meet with our experienced careers consultants, providing you with thorough training and support on CV writing, application forms, interview preparation and assessment centres.

In addition to this, you will receive careers support from academic staff and faculty work placement teams, offering targeted course-specific careers advice and assistance in securing a work placement during your time at Westminster.

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The MSc in Risk Management and Insurance offers you a unique blend of insurance, risk management and financial services content. These areas are becoming increasingly interconnected and the prominence of risk management as a specialised profession has continued to grow in a complex and volatile economic environment. Ireland is a key location for insurance and reinsurance services and is establishing itself as a location for research and development in the insurance of emerging industries and technologies.

The MSc in Risk Management and Insurance has been designed to:
Develop students with the technical capacity, objective reasoning and contextual overview for roles within the growth areas of risk management and insurance.
Enable students' comprehension of the prominent risk exposure models used and their regulatory context.
Facilitate the development of specialised technical and analytical skills with a strong appreciation of underpinning assumptions.
Promote the development of self-managed learning skills including time management, prioritisation, critical thinking and reflection

Our future graduates could expect to gain employment in many types of businesses including international insurance, reinsurance and insurance broking firms, risk management departments of major corporations, investment and retail banks, regulatory authorities, climate change planning and many other fields

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Developed in response to the global attention to risk and insurance – particularly from a technological and political view, our MSc Insurance Risk Management course focuses on the relationship between the two disciplines, ensuring you graduate ready to become a leading force in any organisation.

There is an increased demand for directors, risk managers and consultants qualified at postgraduate level, to help appreciate the increasing demand for organisations to implement effective risk reporting systems. With this in mind, our course is designed to enhance your skills and train you to become a qualified, assured director.

What's covered in the course?

This is a part-time course delivered online, with material developed for you to explore and apply the techniques of risk management to the world of insurance.

The course is aligned to the Certificate and Advanced Diploma in Insurance of the Chartered Insurance Institute, which grants students significant exemptions from the Advanced Diploma from the CII. It is also aligned with the International Certificate in Enterprise Risk Management from the Institute of Risk Management.

You’ll be encouraged to share your work experiences and to evaluate real-life case studies, both of which will bring real-life experiences to your studies.

Why Choose Us?

-Earn and learn at the same time
-The course has a strategic focus rather than operational
-You will be taught by an established team with over 20 years’ experience of delivering risk based courses.
-The Centre prides itself on its extremely high pass rates.
-We get to know our students as individuals and support their specific needs, or can signpost them to other areas of the University that can provide additional, complimentary support.
-Our course is delivered with flexible distance learning, so you can fit your studies alongside work and personal commitments.
-We use real live international case studies to facilitate learning and bridge the gap between theory and practice.
-Exceptional value for money

Distance Learning

This course is offered as a distance learning option, enabling you to study at a time that suits you. Delivery of course materials is done through our e-learning platform, Moodle. Supporting materials are made available via email.

If you’re an international student, you can sit your examinations at your British council offices for a fee payable locally of around £100 per examination.We encourage your communication and confidence with active learning methods, such as group work, seminars, debates and quizzes.

You will have in-depth look at risk management and insurance concepts, combining risk and insurance to provide an effective understanding of how both in strategic management and organisation management, as well as a wide range of internal audit techniques. These topics will help you become ingrained in successful audit and business management.

Employability

All assignments are grounded in real working organisations, allowing you to apply your knowledge into a real working environment. The majority of students enrolling on this course will already be in employment, although not necessarily in the area of insurance risk management.

You will be encouraged to use your own organisations in the consideration of topic areas thus increasing their profile within that organisation.

Should this prove difficult the team has a strong track record of working with individual students to provide either case studies and / or internships which can also be utilised.

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Studying an LLM Master of Laws offers unrivalled academic stimulation, the opportunity to deepen your understanding of the law and specialise your knowledge in a particular area, and improved career prospects at the highest level whether that be in practice or academia.

The Exeter LLM is a substantive, rigorous, and genuinely flexible programme of postgraduate study designed for the most ambitious and capable students. Delivered by some of the biggest names in legal research, our LLM allows you to create a bespoke programme of learning addressing your specific academic and professional needs, readying you to fulfil your career ambitions or for doctoral study.

Our faculty is able to teach and supervise an extensive range of international subjects, with particular specialities inspired by our renowned research in the areas of Commercial Law, Public Law, Human Rights Law, and Family Law.

Insurance Law Pathway

Insurance is a key part of commercial law and practice but it is only researched and taught at a few universities. This pathway will allow you to construct a programme that will equip you with the knowledge, skills and practical tools needed to gain a thorough understanding of insurance law, practice and regulation.

The programme is designed for those with a special interest in the wide field of insurance law. While the precise modules available may vary from year to year, typical examples modules for the pathway might include general principles of insurance, consumer insurance, marine insurance, reinsurance, EU motor insurance and financial regulations.

Delivered by some of the world-leading experts in the broad field of international law, it will draw on their professional experience, readying you to fulfil your career ambitions or for doctoral study.

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What is the 'Master of Financial and Actuarial Engineering' all about?

The Master of Financial and Actuarial Engineering programme provides students with up-to-date, sound and advanced financial, actuarial and statistical skills. It is an intensive, advanced, one-year programme for university graduates interested in a career in risk management, financial and/or actuarial engineering within financial institutions. The discipline focuses on the application of quantitative methods to problems involving risk or uncertainty. You will gain an understanding of current and future problems and solutions in insurance and banking and be equipped with fundamental and conceptual knowledge of the mathematical and economic aspects of financial theory and insurance techniques.

The programme provides advanced insights into the actuarial aspects of life insurance, general insurance and risk theory as well as financial mathematics and the inter-relationship and integration of actuarial sciences and finance. The programme draws on over sixty years of experience and international recognition. The research team for risk theory, finance and statistics has a strong research profile and is ranked among the world top in terms of actuarial research productivity. The programme is jointly offered by the Faculty of Business and Economics and the Faculty of Science at KU Leuven, in collaboration with Université Catholique de Louvain.

Objectives

The main goal of the programme is to provide the students with an sound knowledge of finance and actuarial science. They develop the capabilities to understand current and future problems and solutions in the actuarial and financial context. They will be equipped with fundamental and conceptual knowledge of the mathematical and economic aspects of financial theory and insurance techniques. Graduates holding both the degree of Master of Financial and Actuarial Engineering and 'Master in de verzekeringen' (Dutch-language initial master at KU Leuven) are eligible for membership in the professional body of actuaries in Belgium (IA|BE), and the international actuarial professional body (IAA).

At the end of the programme students will:

• be equipped with fundamental and conceptual knowledge of the mathematical and economic aspects of financial theory and insurance techniques;
• have advanced insights in the actuarial aspects of life insurance, general insurance, risk theory as well as in the interrelationship and integration of actuarial sciences and financial mathematics;
• have a strong background in quantitative methods and financial models and will be able to select and apply those methods to problems that involve risk or uncertainty;
• dispose of enhanced analytical, critical, conceptual, problem solving and decision making capabilities and skills;
• have the ability to integrate actuarial, statistical and financial modelling techniques in order to arrive at effective solutions to problems occurring in insurance and financial practice;
• be able to conduct research, not only in an academic context, but also in view of a professional career;
• be able to stay up-to-date with the advances in actuarial sciences by following up and familiarizing with new insights, developments, results and methods;
• be able to communicate and report adequately on financial and actuarial topics.

Career perspectives

The programme addresses the rapidly-changing needs resulting from the accelerating globalisation of the banking and insurance sector. As such, it provides a sound basis for a career in various areas of risk management, financial and actuarial engineering and insurance. Most graduates find employment in insurance companies, whose financial stability depends on actuarial calculations (e.g. premiums, provisions, capital requirements, reinsurance policy).

As an expert in the field of risk and uncertainty, you can also play an important role in banking and finance. The increasing convergence between the insurance and financial markets as well as the use of mathematically based instruments, such as options and futures, offers excellent career prospects. Graduates are well placed to find employment in banks, pension funds, reinsurance companies, consulting and audit companies.

Some graduates go to work in government, for instance in social security or economic affairs departments. Graduates holding both the degree of Master of Financial and Actuarial Engineering and 'Master in de verzekeringen' (Dutch-language initial Master's programme at KU Leuven) are eligible for membership in the professional body of actuaries in Belgium (IA|BE).

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Actuaries evaluate and manage financial risk. They make financial sense of the future for their clients by applying advanced mathematical and statistical techniques to solve complex financial problems.

Qualifying as an actuary is a passport to a wide variety of careers in insurance companies, investments, pensions, health care and banking – not just in the UK, but throughout the world. Kent is one of a very few universities in the UK to teach the subject.

Our MSc in Applied Actuarial Science is fully accredited by the Institute and Faculty of Actuaries; it also provides a fast-track route to qualifying as an actuary, because students who achieve a high enough overall mark in this programme can obtain exemptions from the professional examinations included within their studies.

The MSc is available as a full-time (one-year) or part-time (two-year) programme and is suitable for those who have completed a first degree or postgraduate diploma in Actuarial Science, or those who have studied the majority of the earlier subjects in the Core Technical Stage subjects.

Visit the website https://www.kent.ac.uk/courses/postgraduate/174/applied-actuarial-science

About the School of Mathematics, Statistics and Actuarial Science (SMSAS)

The School has a strong reputation for world-class research and a well-established system of support and training, with a high level of contact between staff and research students. Postgraduate students develop analytical, communication and research skills.

In 2010, the Centre for Actuarial Science, Risk and Investment (CASRI) was set up within SMSAS to reflect the widening scope of the teaching and research of the staff. Areas of research interest include economic capital and risk management for financial services firms, mortality and longevity modelling, longevity indices and markets. Other research topics include genetics and insurance, insurance economics, pensions and corporate reporting.

The Centre includes 13 professionally qualified actuaries with many years’ practical experience in insurance and pensions, and who maintain excellent links with the actuarial profession.

Course structure

The course is based on a ‘core modules plus options’ structure and exemptions can be gained from the following professional examinations in the Core Applications Stage and Specialist Technical Stage: CA1, CA3, ST2, ST4 to ST9. You can also choose the optional Financial Modelling modules, which prepare you for subject CA2 in the Core Applications Stage. Find out more about accreditation for this programme (http://www.kent.ac.uk/casri/Accreditation/index.html) and the Institute and Faculty of Actuaries examinations (http://www.actuaries.org.uk/students/pages/our-exams-explained).

You must take 180 credits in order to pass the MSc. If you take fewer than 180 credits, you may be eligible for the Postgraduate Diploma in Applied Actuarial Science.

Modules

The following modules are indicative of those offered on this programme. This list is based on the current curriculum and may change year to year in response to new curriculum developments and innovation. Most programmes will require you to study a combination of compulsory and optional modules. You may also have the option to take modules from other programmes so that you may customise your programme and explore other subject areas that interest you.

MA909 - Enterprise Risk Management (30 credits)
MA912 - Life Insurance (30 credits)
MA914 - Pensions and Other Benefits (30 credits)
MA915 - Finance and Investment (30 credits)
MA916 - Derivative Securities (30 credits)
MA917 - General Insurance - Reserving and Capital Modelling (30 credits)
MA918 - General Insurance - Premium Rating (30 credits)
MA950 - Prophet (15 credits)
MA951 - Prophet 2 (15 credits)
MA952 - Financial Modelling (15 credits)
MA953 - Communications (15 credits)
MA921 - Actuarial Risk Management 1 (30 credits)
MA922 - Actuarial Risk Management 2 (30 credits)

Assessment

Assessment is usually by a mixture of coursework and examination; exact weightings vary from module to module.

- Accreditation
Students who are considered to have performed sufficiently well in the programme (both in examinations and coursework), as determined by an examiner appointed by the UK Actuarial Profession, will be exempt from subjects CA1, CA3 and the Specialist Technical subjects studied within the programme.

If you fail to achieve a suitable overall standard, you might still be awarded individual module exemptions as recommended by the Profession’s examiner. Please note that individual exemptions are granted based on the final written examinations only.

Programme aims

This programme aims to:

- provide successful students with eligibility for subject exemptions from the Core Application and Specialist Technical series of examinations of the Institute and Faculty of Actuaries. This means obtaining a thorough knowledge of core actuarial applications, developing the ability to apply this knowledge in a practical situation and gaining current knowledge and understanding of the practice of major areas in which actuaries are involved.

- develop your understanding, knowledge and awareness of current problems, much of which is at the forefront of current professional practice.

- ensure you are competent in the use of information technology, and are familiar with computers, together with the relevant software.

Careers

The UK Actuarial Profession

The UK Actuarial Profession is small, but influential and well rewarded. There are more than 6,500 actuaries currently employed in the UK, the majority of whom work in insurance companies and consultancy practices.

Survey results published by the Institute and Faculty of Actuaries (http://www.actuaries.org.uk/becoming-actuary/pages/what-can-actuary-earn) suggest that the average basic salary for a student actuary is £36,842 with pay and bonuses increasingly sharply as you become more experienced. The average basic salary of a Chief Actuary is £209,292.

As an actuary, your work is extremely varied and can include: advising companies on the amount of funds to set aside for employee pension payments; designing new insurance policies and setting premium rates; pricing financial derivatives and working in fund management and quantitative investment research; advising life insurance companies on he distribution of surplus funds; and estimating the effects of possible major disasters, such as earthquakes or hurricanes, and setting premium rates for insurance against such disasters. For more information about the actuarial profession, see http://www.actuaries.org.uk

- Employability support

Helping our students to develop strong employability skills is a key objective within the School and the University. We provide a wide range of services and support to equip you with transferable vocational skills that enable you to secure appropriate professional positions within industry. Within the School we run specialist seminars and provide advice on creating a strong CV, making job applications and successfully attending interviews and assessment centres.

Our graduates have gone on to successful careers in the actuarial, finance, insurance and risk sectors.

Find out how to apply here - https://www.kent.ac.uk/courses/postgraduate/apply/

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Studying an LLM Master of Laws offers unrivalled academic stimulation, the opportunity to deepen your understanding of the law and specialise your knowledge in a particular area, and improved career prospects at the highest level whether that be in practice or academia.

The Exeter LLM is a substantive, rigorous, and genuinely flexible programme of postgraduate study designed for the most ambitious and capable students. Delivered by some of the biggest names in legal research, our LLM allows you to create a bespoke programme of learning addressing your specific academic and professional needs, readying you to fulfil your career ambitions or for doctoral study.

Our faculty is able to teach and supervise an extensive range of international subjects, with particular specialities inspired by our renowned research in the areas of Commercial Law, Public Law, Human Rights Law, and Family Law.

Specialist Pathways

Students can obtain a specialised LLM. Specialisms include International Commercial Law, European Law, Maritime Law, Intellectual Property Law, Insurance Law, International Human Rights Law, and International Law, Conflict and Security.

International Commercial Law

The LLM in International Commercial Law provides a wide range of options. Students may focus on banking and financial law, corporate law or general commercial law. Exeter’s strong links with the legal profession’s top global firms and employers make this LLM a particularly attractive one for students who are looking to go into private practice or to work in banks or financial institutions. This LLM is also an ideal preparation for a career in international business as it covers areas of expertise required to succeed in senior positions in international trading companies. Internships in Europe and further afield, are often advertised to participants in this course, especially those with hard-to-find linguistic or other skills. http://www.exeter.ac.uk/postgraduate/taught/law/masteroflaws/commercial

European Law

This specialism is designed to give students the opportunity to study the constitutional issues which arise from the concept of the European Union, including law making and the relationship between the EU and Member States.

We provide modules which examine the substantive law of the EU and the way in which that law has been implemented in English law. http://www.exeter.ac.uk/postgraduate/taught/law/masteroflaws/european

Maritime Law

The LLM in Maritime Law is designed specifically for students who wish to study shipping and international trade law in detail.

The modules are particularly suited to students who intend to pursue careers in chartering, trade and marine insurance (including Protection and Indemnity Clubs).

English law is widely adopted in other jurisdictions, so a study of English law is particularly important. http://www.exeter.ac.uk/postgraduate/taught/law/masteroflaws/maritime

Intellectual Property Law

The LLM in Intellectual Property allows students to study in depth the substantive areas of law which make up intellectual property such as competition law, copyright, trade mark law, patents and consumer protection.

Much of the law is derived from EU measures, and the modules are taught from both a domestic and EU perspective. http://www.exeter.ac.uk/postgraduate/taught/law/masteroflaws/property

International Human Rights Law

This specialism has been specifically developed to allow you to construct a programme appropriate to private practice or public employment in the field of international human rights law.

http://www.exeter.ac.uk/postgraduate/taught/law/masteroflaws/humanrights

Insurance Law

Insurance is a key part of commercial law and practice but it is only researched and taught at a few universities. This pathway will allow you to construct a programme that will equip you with the knowledge, skills and practical tools needed to gain a thorough understanding of insurance law, practice and regulation.

The programme is designed for those with a special interest in the wide field of insurance law. While the precise modules available may vary from year to year, typical examples modules for the pathway might include general principles of insurance, consumer insurance, marine insurance, reinsurance, EU motor insurance and financial regulations. http://www.exeter.ac.uk/postgraduate/taught/law/masteroflaws/insurance

International Law, Conflict and Security

Designed with the needs of practitioners in mind, the programme will equip you with a comprehensive understanding of international conflict and security law, including the rules relating to the conduct of hostilities, peacetime military deployments, cyber operations and post-conflict governance. Consistent with its hands-on approach, the LLM will develop your professional and personal skills, including through a simulated command post exercise that will test your knowledge and aptitude in a practical setting. http://www.exeter.ac.uk/postgraduate/taught/law/masteroflaws/internationalconflictsecurity

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Actuaries evaluate and manage financial risk. They make financial sense of the future for their clients by applying advanced mathematical and statistical techniques to solve complex financial problems.

Qualifying as an actuary is a passport to a wide variety of careers in insurance companies, investments, pensions, health care and banking – not just in the UK, but throughout the world. Kent is one of a very few universities in the UK to teach the subject.

Our Postgraduate Diploma (PDip) in Actuarial Science, MSc in Applied Actuarial Science and International Master’s are all fully accredited by the Institute and Faculty of Actuaries; they also provide a fast-track route to qualifying as an actuary, because students who achieve a high enough overall mark in these programmes can obtain exemptions from the professional examinations included within their studies.

This PDip in Actuarial Science programme gives you the opportunity to gain exemptions from eight of the Core Technical subjects (CT1 to CT8) of the professional examinations and provides you with a firm foundation for the later subjects. If you perform well enough on this course to obtain the full set of exemptions available, you could reduce your time to qualify as an actuary by three years or more.

Visit the website https://www.kent.ac.uk/courses/postgraduate/1/actuarial-science

Modules

The following modules are indicative of those offered on this programme. This list is based on the current curriculum and may change year to year in response to new curriculum developments and innovation. Most programmes will require you to study a combination of compulsory and optional modules. You may also have the option to take modules from other programmes so that you may customise your programme and explore other subject areas that interest you.

MA319 - Probability and Statistics for Actuarial Science (15 credits)
MA501 - Statistics for Insurance (15 credits)
MA529 - Probability and Statistics for Actuarial Science 2 (15 credits)
MA639 - Time Series Modelling and Simulation (15 credits)
MA816 - Contingencies 1 (15 credits)
MA817 - Contingencies 2 (15 credits)
MA819 - Business Economics (15 credits)
MA820 - Financial Mathematics (15 credits)
MA825 - Survival Models (15 credits)
MA826 - Finance & Financial Reporting (15 credits)
MA835 - Portfolio Theory and Asset Pricing Models (15 credits)
MA836 - Stochastic Processes (15 credits)
MA837 - Mathematics of Financial Derivatives (15 credits)
MA840 - Financial Modelling (15 credits)

Assessment

Assessment is usually by a mixture of coursework and examination; exact weightings vary from module to module.

- Accreditation
Students who are considered to have performed sufficiently well in the programme (both in examinations and coursework), as determined by an examiner appointed by the UK Actuarial Profession, will be exempt from all the CT subjects studied within the programme. If a student fails to achieve a suitable overall standard, they might still be awarded individual module exemptions as recommended by the Profession’s examiner. Please note that individual exemptions are granted based on the final written examinations only.

Programme aims

This programme aims to:

- give you the depth of technical appreciation and skills appropriate to a Master’s level programme in actuarial science

- provide successful students with eligibility for subject exemptions from the Core Technical series of examinations of the actuarial profession. This means obtaining a thorough knowledge and understanding of various core actuarial techniques and gaining current knowledge and understanding of the practice of some of the major areas in which actuaries are involved

- ensure you are competent in the use of information technology, and are familiar with computers, together with the relevant software

- introduce you to an appreciation of recent actuarial developments, and of the links between subject theories and their practical application in industry

- prepare you for employment within the actuarial profession and other financial fields

- provide suitable preparation for students who wish to proceed to the MSc in Applied Actuarial Science.

Research areas

- Genetics and insurance risks

Advances in human genetics, and medical sciences in general, have led to many gene discoveries; a number of single-gene disorders have been successfully identified and studied in detail. Researchers are now increasingly focusing on common multifactorial genetic disorders such as cancer, heart attack and stroke, caused by interaction of genes and environmental factors. It is important for the insurance industry to understand the full implications of these latest developments. First, can an insurer justify charging different premium rates to different risk groups? Second, if insurers are not allowed to discriminate between individuals based on their genes, by regulation or by law, is there a risk of adverse selection?

- Economic capital and financial risk management

Financial services firms are in the business of accepting risks on behalf of their customers. Customers do not always have the time or expertise to handle financial risks on their own, so they pass these on to financial services firms. However, even the most reputable firms can sometimes get it wrong, so it is fundamentally important for all stakeholders that financial services firms hold an appropriate amount of capital calculated on a robust scientific basis, to back the risks they are running. Economic capital can provide answers by specifying a unifying approach to calculating risk-based capital for any firm in the financial services sector.

From a public policy perspective, regulators and governments face the dilemma of whether to regulate against genetic underwriting or to allow market economies to take their own course. On one hand, there is a moral obligation not to discriminate against individuals for their genetic make-up. On the other hand, risk of adverse selection against insurance firms cannot be ruled out altogether. Maintaining an appropriate balance between the two is key.

Careers

- The UK Actuarial Profession

The UK Actuarial Profession is small, but influential and well rewarded. There are more than 6,500 actuaries currently employed in the UK, the majority of whom work in insurance companies and consultancy practices.

Survey results published by the Institute and Faculty of Actuaries suggest that the average basic salary for a student actuary is £36,842 with pay and bonuses increasingly sharply as you become more experienced. The average basic salary of a Chief Actuary is £209,292.

As an actuary, your work is extremely varied and can include: advising companies on the amount of funds to set aside for employee pension payments; designing new insurance policies and setting premium rates; pricing financial derivatives and working in fund management and quantitative investment research; advising life insurance companies on he distribution of surplus funds; and estimating the effects of possible major disasters, such as earthquakes or hurricanes, and setting premium rates for insurance against such disasters. For more information about the actuarial profession, see http://www.actuaries.org.uk

- Employability support

Helping our students to develop strong employability skills is a key objective within the School and the University. We provide a wide range of services and support to equip you with transferable vocational skills that enable you to secure appropriate professional positions within industry. Within the School we run specialist seminars and provide advice on creating a strong CV, making job applications and successfully attending interviews and assessment centres.

Our graduates have gone on to successful careers in the actuarial, finance, insurance and risk sectors.

Professional recognition

Offers exemptions from subjects CT1 to CT8 of the Institute and Faculty of Actuaries professional examinations, with the option to take further subjects for exemption purposes.

Find out how to apply here - https://www.kent.ac.uk/courses/postgraduate/apply/

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MISSION
The Master in Finance, Insurance and Risk Management aims at preparing students for high level careers in investment, private and commercial banking, securities design and trading, risk and asset management, risk management, asset allocation and actuarial sciences with the strong quantitative background in view of the challenges posed by solvency II.
Students are most welcome to join research departments of government agencies and central banks too, in insurance and consulting companies as well as in regulatory agencies. It is a truly international program entirely taught in English. Students receive a II level Master from the University of Torino as well as a Collegio diploma.

PLACEMENT
The placement record for previous graduates is excellent and includes a large variety of firms, banks, and organizations in the financial industry such as:
ADB SpA - AIB Bank - Allianz Bank - Banca IMI - Banca d’Italia - Bancoposta Fondi sgr - BIM - BIP - BNP
Paribas - Banca Aletti - Banco Ambrosiano Veneto - Banca Antonveneta - Banca Centrale Europea -
Banca Leonardo - Banca Profilo - Banca di Roma - Banca Sella - Banca 121 - Capitalia - Citigroup - Cofiri
Commerzbank AG - Compagnia di San Paolo - Crédit Agricole - Deutsche Bank - Enel - ERSEL - Eurizon
European Bank for Reconstruction and Development - Ferrero Spa Finance - Fiat Finance - Fideuram -
Finanziaria Internazionale Securitization Group - Fitch Ratings - Fondiaria SAI - Intesa Sanpaolo - JP Morgan
Luxembourg - KPMG - Mediolanum - Macedonia Ministry of Finance - Money Farm - Monte dei Paschi di Siena
Nextra Sgr - Pioneer Investments PricewaterhouseCoopers - Prometeia - Royal Bank of Scotland - State Street
Bank - Symphonia sgr - TLX SpA - UBI - UBM - UniCredit - VesselsValue.com

FEES AND SCHOLARSHIPS
Annual tuition fees for the Master program are € 15,000. They are comprehensive of course materials, use of the Collegio and University facilities, access to on-campus seminars, access to the Library and online databases of the Collegio and University. Tuition waivers are awarded to applicants according to the admission ranking.

APPLICATION DEADLINE
First deadline: March 15, 2016
Regular applications: June 30, 2016

COURSE PROGRAM
http://www.carloalberto.org/education/master-in-finance-insurance-and-risk-management/courses/

STRENGTHS OF THE PROGRAM
1. A truly international Master’s program taught entirely in English, in a premier research institution.
2. The award of a second level Master degree from the University of Torino.
3. A highly experienced faculty from Italian and foreign universities, alongside the experience of leading finance and banking professionals.
4. Daily contact with the scholars and researchers of the Collegio Carlo Alberto and access to the many scientific activities and events hosted at the Collegio.
5. The availability of a fully equipped computer lab. In addition to the electronic resources offered by the University of Torino and the Collegio Carlo Alberto, students have access to primary proprietary softwares in Finance.
6. On-campus career days, interviews and presentations, internships in major financial companies at the end of the program.
7. The reputation and the extensive network of our Alumni.

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Actuaries evaluate and manage financial risk. They make financial sense of the future for their clients by applying advanced mathematical and statistical techniques to solve complex financial problems.

Qualifying as an actuary is a passport to a wide variety of careers in insurance companies, investments, pensions, health care and banking – not just in the UK, but throughout the world. Kent is one of a very few universities in the UK to teach the subject.

Our International Master’s programme is fully accredited by the Institute and Faculty of Actuaries. It is equivalent to a Graduate Diploma (which covers the subjects taught within the Postgraduate Diploma in Actuarial Science), followed by the MSc in Applied Actuarial Science.

International Students

This programme is for international students with a good first degree who would like to gain exemptions from subjects in the Core Technical, Core Applications and Specialist Technical Stages of the Institute and Faculty of Actuaries’ examinations.

Visit the website https://www.kent.ac.uk/courses/postgraduate/176/international-masters-in-applied-actuarial-science

About the School of Mathematics, Statistics and Actuarial Science (SMSAS)

The School has a strong reputation for world-class research and a well-established system of support and training, with a high level of contact between staff and research students. Postgraduate students develop analytical, communication and research skills.

In 2010, the Centre for Actuarial Science, Risk and Investment (CASRI) (http://www.kent.ac.uk/casri/index.html) was set up within SMSAS to reflect the widening scope of the teaching and research of the staff. Areas of research interest include economic capital and risk management for financial services firms, mortality and longevity modelling, longevity indices and markets. Other research topics include genetics and insurance, insurance economics, pensions and corporate reporting.

The Centre includes 13 professionally qualified actuaries with many years’ practical experience in insurance and pensions, and who maintain excellent links with the actuarial profession.

Programme aims

This programme aims to:

- provide you with eligibility for subject exemptions from the Core Application and Specialist Technical series of examinations of the Institute and Faculty of Actuaries. This means obtaining a thorough knowledge of core actuarial applications, developing the ability to apply this knowledge in a practical situation and gaining current knowledge and understanding of the practice of major areas in which actuaries are involved

- develop your understanding, knowledge and awareness of current problems, much of which is at the forefront of current professional practice

- ensure you are competent in the use of information technology, and are familiar with computers, together with the relevant software.

Careers

The UK Actuarial Profession
The UK Actuarial Profession is small, but influential and well rewarded. There are more than 6,500 actuaries currently employed in the UK, the majority of whom work in insurance companies and consultancy practices.

Survey results published by the Institute and Faculty of Actuaries (http://www.actuaries.org.uk/becoming-actuary/pages/what-can-actuary-earn) suggest that the average basic salary for a student actuary is £36,842 with pay and bonuses increasingly sharply as you become more experienced. The average basic salary of a Chief Actuary is £209,292.

As an actuary, your work is extremely varied and can include: advising companies on the amount of funds to set aside for employee pension payments; designing new insurance policies and setting premium rates; pricing financial derivatives and working in fund management and quantitative investment research; advising life insurance companies on he distribution of surplus funds; and estimating the effects of possible major disasters, such as earthquakes or hurricanes, and setting premium rates for insurance against such disasters. For more information about the actuarial profession, see http://www.actuaries.org.uk

Employability support
Helping our students to develop strong employability skills is a key objective within the School and the University. We provide a wide range of services and support to equip you with transferable vocational skills that enable you to secure appropriate professional positions within industry. Within the School we run specialist seminars and provide advice on creating a strong CV, making job applications and successfully attending interviews and assessment centres.

Our graduates have gone on to successful careers in the actuarial, finance, insurance and risk sectors.

Professional recognition

Fully accredited by the Institute and Faculty of Actuaries. Students who achieve a high enough overall mark can obtain exemptions from the professional examinations included within their studies.

Find out how to apply here - https://www.kent.ac.uk/courses/postgraduate/apply/

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Statistical Sciences involves the study of random phenomena and encompasses a broad range of scientific, industrial, and social processes. As data become ubiquitous and easier to acquire, particularly on a massive scale, models for data are becoming increasingly complex. The past several decades have witnessed a vast impact of statistical methods on virtually every branch of knowledge and empirical investigation.

The Master of Financial Insurance (MFI) is a full-time professional program based on three pillars: statistical methods, financial mathematics, and insurance modelling. This program is appropriate for students with backgrounds in statistics, actuarial science, economics, and mathematics. Students with a quantitative background (such as physics and engineering) and sufficient statistical training are also encouraged to apply.

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