Dr. Marina AlcoverAcademic director focused on measurable results and operational excellence in maritime education. Integrates IMO/STCW regulations and ISO 21001/9001 f
Masters · 1600 h · 11 modules
Master's in Marine Insurance and Risk Management
This program offers comprehensive training for professionals seeking to lead in the complex world of marine insurance. You will learn to assess and manage risks in maritime transport, from hull and machinery coverage to civil…
Duration1600 h
FormatOnline
Starts4 January
Places20 / 20
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Programme overview
What is the Master’s in Marine Insurance and Risk Management?
The Master in Marine Insurance and Risk Management
This program offers comprehensive training for professionals seeking to lead in the complex world of marine insurance. You will learn to assess and manage risks in maritime transport, from hull and machinery coverage to civil liability and protection and indemnity (P&I). You will master international legislation, claims analysis, and prevention strategies to optimize risk management and profitability.
Differentiating Advantages
- Practical Approach: Real-world cases and simulations to apply your knowledge.
- Industry Experts: Professors with extensive experience in insurance companies, brokerages, and maritime consultancies.
- Networking: Contacts with key professionals in the sector at a national and international level.
- Global Perspective: Analysis of the marine insurance market and emerging trends.
- Flexibility: Online format compatible with your professional development.
Programme type
Master's Degree
Study mode
Online
Duration
1,600 hours
Modules
11
Start date
08-12-2026
Programme highlights
- Comprehensive Maritime Risk Analysis: Master the assessment and management of specific risks in the maritime sector, including cargo, vessels, and liabilities.
- In-Depth Marine Insurance: Gain a detailed understanding of the different types of policies, clauses, and coverages, optimizing the protection of assets and interests.
- International Legal and Regulatory Framework: Acquire expert knowledge of international maritime law, conventions, and applicable regulations.
- Claims and Claims Management: Develop practical skills for the efficient management of maritime claims, from investigation to settlement.
- Development of Prevention Strategies: Learn to implement proactive strategies for risk prevention and loss minimization in the maritime sector. Maritime.
- Apply a practical and specialized approach to boost your career in the dynamic world of marine insurance and risk management.
Curriculum
Programme Structure
The programme is structured in 11 modules, listed below in order of study.
01
Fundamentals of Maritime Insurance, Risk Architecture and Legal and Technical Bases of Insurance in International Maritime Trade
- Maritime insurance concept and differences between maritime insurance, logistics coverage, property protection and financial transfer of risk
- Historical evolution of maritime insurance from the first commercial practices to the contemporary schemes of specialised global coverage
- Technical and legal principles of the maritime insurance contract: insurable interest, maximum good faith, compensation, causality and subrogation
- Relationship between navigation, transport, international trade, financing and insurance in the contemporary maritime economy
- Main actors of the maritime insurance ecosystem: shipowners, charterers, shippers, insurers, reinsurers, brokers, experts and clubs
- Differences between hull policies, merchandise, civil liability, protection and compensation and complementary coverage of the maritime field
- Maritime risk concept and exposure analysis linked to ship, cargo, route, climate, ports, crew and geopolitical context
- Relationship between transport contract, charter contract, insurance contract and assignment of responsibilities between the parties
- Strategic role of risk management in the structuring of efficient, sustainable and defensible maritime insurance programmes
- Systemic approach of the Master’s as integration of maritime law, insurance technique, naval operation, claims management and risk modelling
02
International legal framework, maritime contracts and regulatory structure applicable to insurance and risk management in sea operations
- Fundamentals of international maritime law and its relationship with contracts for transport, insurance and resolution of cross-border disputes
- Normative sources of maritime insurance: national legislation, international agreements, uniform rules, type clauses and specialised jurisprudence
- Maritime Insurance Contract and Essential Training, Validity, Scope, Suspensive Conditions and Reciprocal Obligations
- Relationship between bill of lading, charter party, logistics contracts and insurance policies in the distribution of maritime risk
- Legal regime of the responsibility of the carrier, the shipowner and other relevant operators in the maritime transport chain
- Applicable law, competent jurisdiction, maritime arbitration and dispute settlement mechanisms in claims and insurance disputes
- Contract clauses that impact insured risk: exonerations, limitations, exclusions, warranties, statements and aggravation of risk
- Interaction between maritime safety regulations, pollution prevention and civil liability in the configuration of insurance coverage
- Documentary obligations, information duties and legal consequences of reluctance, omission or inaccurate declaration of risk
- Construction of a solid legal basis to design, interpret and manage maritime insurance and controversies associated with operational and equity risk
03
Types of marine insurance, policies, coverage and design of insurance programmes for ships, cargo and complex naval operations
- Structure and operation of the hull and machinery insurance and its role in the protection of the ship and its essential systems
- Coverage of goods transported by sea and differences between modalities per trip, floating, open and continuous logistics programmes
- Maritime liability insurance and its application to collisions, damage to third parties, contamination, injuries and operational obligations
- Protection and compensation through P&I clubs and differences between this mutual model and traditional commercial insurance
- War coverages, strikes, terrorism, piracy, kidnapping, political risks and extraordinary events on high exposure routes
- Shipbuilding insurance, repair, shipyards, sea trials, trailer, offshore and specialised maritime activities
- Complementary extensions and coverages for freight loss, delays, gross breakdown, salvage charges and extraordinary expenses
- Criteria for Structure Multi-Country, Multi-Country or Multi-Modal Insurance Programs in Ship Groups and Global Operators
- Integration between operational profile, geographic exposure, claims history and insurance appetite in coverage design
- Construction of maritime insurance schemes adapted to the technical, economic and contractual complexity of contemporary naval and logistics operations
04
Maritime Subscription, Risk Assessment, Technical Pricing and Actuarial Analysis Applied to Naval Operations and Sea Transportation
- Fundamentals of maritime underwriting and differences between technical subscription, business evaluation and strategic structuring of insurance programmes
- Critical variables in the maritime risk subscription: type of ship, age, flag, classification, route, cargo, crew and operational management
- Exposure analysis of hull, machinery, navigation systems, maintenance history and technical performance of the insured asset
- Cargo risk assessment according to the nature of the merchandise, packaging, stowage, thermal chain, sensitivity and vulnerability to damage
- Pricing Factors in Maritime Insurance: Expected Frequency, Potential Severity, Accumulation, Volatility, Reinsurance Market, and Global Context
- Use of statistical information, historical accidents, sectoral benchmarking and expert criteria in the determination of premiums and conditions
- Technical adjustment of deductibles, sublimits, warranties, franchises and special clauses to align coverage and risk control
- Modelling of major loss scenarios and catastrophic exposure analysis in maritime corridors, ports and geopolitically sensitive areas
- Integration between subscription, prevention, risk engineering and business strategy to build sustainable and profitable portfolios
- Construction of advanced maritime risk assessment and pricing capabilities with balance between competitiveness, technical solvency and adequate protection
05
Comprehensive management of maritime risks, operational analysis and loss prevention in navigation, ports, terminals and ocean logistics
- Fundamentals of maritime risk management and its relationship with operational safety, insurability and business continuity
- Identification of threats in navigation, manoeuvreing, docking, loading, unloading, storage, transit and complex port operations
- Risks associated with adverse weather, sea state, fog, ice, cyclones, extreme waves and abrupt changes in navigation conditions
- Operational exposure to collisions, dry-docking, contact with infrastructure, machine failures, human errors and loss of government of the ship
- Cargo hazards: wet, cross contamination, breakage, theft, warm-up, stowage displacement and loss of logistic integrity
- Port and terminal risk management including fire, explosion, spills, equipment failure, congestion and critical interruption events
- Maritime cybersecurity, navigation systems vulnerability, cargo control, electronic documentation and digitized logistics chains
- Loss prevention through inspections, surveys, audits, improvement of procedures, training and verification of operational controls
- Integration between risk analysis, HSE management, ISM, maritime compliance and risk transfer or retention decisions
- Construction of comprehensive maritime risk management programmes aimed at reducing accidents, improving insurability and strengthening operational resilience
06
Maritime Claims, Breakdowns, Expertise, Loss Adjustment and Technical and Legal Resolution of Insurance Claims
- Fundamentals of maritime claims management and complete sequence from the occurrence of the event to the technical and economic closure of the file
- Notification of claims, preservation of evidence, early intervention and coordination between shipowner, insurer, broker, surveyor and specialised experts
- Particular breakdown, gross breakdown and legal and technical criteria for its declaration, analysis, distribution and recovery of costs
- Maritime rescue, debris removal, emergency assistance and insurance treatment of expenses and compensation derived
- Technical expertise of damage to hull, machinery, cargo, terminals, handling equipment and auxiliary systems affected by the accident
- Loss adjustment, damage quantification, causal analysis and coverage determination according to policy conditions and proven facts
- Management of complex claims for contamination, collision, total loss, consequential damages, operational interruption and liability controversy
- Negotiation between insurers, insurers, reinsurers, responsible third parties and authorities in high complexity maritime claims
- Litigation and arbitration in maritime claims and use of expert reports, documentary evidence and contractual analysis as a defence support
- Construction of maritime claims management systems oriented to speed, traceability, technical rigor and efficient recovery of losses
07
Maritime civil liability, P&I, pollution, environmental safeguard and management of events with great impact in the naval sector
- Fundamentals of maritime civil liability and its relationship with damages to people, property, infrastructure and marine environment
- Structure and operation of P&I clubs and coverage of responsibilities not absorbed by traditional hull and cargo insurance
- Responsibility regime for collision, boarding, damage to port facilities, trailers, anchors and failed manoeuvres
- Liability for marine contamination by hydrocarbons, harmful substances, residues and other contaminant releases derived from the ship's operation
- Regime applicable to injuries, illness, death, repatriation and labour claims linked to maritime crew and personnel
- Liability for damage to cargo, delay, document loss and indirect affectations within transport chains and multimodal contracts
- Limitation of liability of the shipowner and legal defence mechanisms against large claims
- Reputational, technical and legal crisis management in maritime events with high environmental, social or political impact
- Interaction between insurance, P&I, authorities, clearing funds and affected parties in large-scale claims
- Construction of coverage and defence strategies for complex maritime responsibilities with strong environmental and public exposure
08
Maritime reinsurance, international markets, advanced risk transfer and financial sustainability of insurance portfolios
- Fundamentals of reinsurance applied to the maritime business and its role in the dispersion of severe exposures and international accumulation
- Differences between proportional, non-proportional, optional reinsurance and treaties applied to maritime branches and associated responsibilities
- Structure of international markets for maritime insurance and reinsurance and technical and commercial dynamics between insurers, brokers and backtracks
- Management of catastrophic accumulations linked to ports, maritime corridors, fleets, energy terminals and climate or geopolitical events
- Construction of reinsurance programmes for maritime portfolios with balance between solvency, capital efficiency and stability of the technical result
- Alternative risk transfer models and their potential application in contexts of high volatility or extreme maritime events
- Evaluation of the impact of the hard or soft market, of the global accident rate and of the reinsurer appetite on conditions of maritime coverage
- Relationship between primary subscription, portfolio management, engineering surveys and reinsurance structure in the sustainability of the insurance business
- Systemic risk, climate change, logistic congestion and geopolitical exposure as critical variables in the maritime insurance financial strategy
- Construction of advanced maritime risk transfer models that strengthen financial resilience and severe loss responsiveness
09
Innovation, digitization, advanced analytics and sustainability in maritime insurance and contemporary ocean risk management
- Digital transformation of the maritime insurance sector and evolution of the processes of subscription, claims and portfolio management through data and automation
- Use of telematics, AIS, embarked sensors, maritime IoT and satellite data for risk monitoring and dynamic exposure modelling
- Advanced analytics, artificial intelligence and machine learning applied to pricing, fraud detection, loss prevention and triage of maritime claims
- Smart Contracts, electronic documentation, blockchain and digital traceability in maritime contracts, policies and insurance claims
- Integration between digital twins, predictive maintenance and assessment of insurability of complex ships, terminals and maritime assets
- Emerging risks linked to autonomous ships, cyberthreats, offshore energies, alternative fuels and hyperdigitized logistics chains
- Climate change, meteorological intensification and reconfiguration of maritime risk maps under new global environmental conditions
- ESG, Sustainability and Responsible Underwriting Criteria in Maritime Portfolios with growing environmental, social and regulatory impact
- Innovation in products, services and prevention models to meet new demands of the insured maritime sector
- Construction of strategic visions for more predictive, digital, resilient and aligned with the sustainable development of the ocean economy
10
Insurance for ships under construction, offshore and special risks
- shipbuilding risk insurance
- Repair ship insurance
- Offshore Energy Insurance
- Insurance of offshore wind farms
- Port and terminal insurance
- War insurance and political risks
- Freight loss and rental insurance
- Yacht and pleasure boat insurance
- Captive and self-insurance in Shipping Companies
- Design of a special insurance program
11
Master’s Final Project in Marine Insurance and Risk Management
- Definition of the case study: ship, fleet, logistics operation, port terminal, maritime corridor or insurance portfolio object of the project
- Comprehensive diagnosis of the operational, contractual, legal and risk exposure context of the selected case
- Identification and prioritisation of maritime, port, environmental, logistical, cyber and financial threats relevant to the analysed system
- Design of the insurance programme with definition of coverages, limits, deductibles, exclusions and complementary risk transfer schemes
- Preparation of the Preventive Management Model with proposals for operational control, Engineering Survey, monitoring and improvement of insurability
- Development of the Claims Management Strategy, Incident Response, Initial Expertise and Coordination between Parties involved
- Evaluation of civil liability, P&I exposure, environmental impacts and legal or contractual defence mechanisms applicable to the case
- Construction of the economic scheme and reinsurer with analysis of technical, financial and accumulation of the proposed solution
- Drafting of the comprehensive technical report with legal, operational, actuarial, preventive and strategic justification of the developed project
- Presentation and defence of the final project with global validation of the Maritime Insurance Proposal and Elabourated Risk Management
Workload
Study Time and Workload
1600 hours of study, online and at your own pace. Move the slider to the hours a week you can really put in.
Hours a week8
Weeks to finish—
You finish around—
Who it is for
Insurance professionals (underwriters, adjusters, brokers) seeking to specialize in the complexity of marine risks.Maritime lawyers and consultants wishing to deepen their understanding of maritime legislation, case law, and claims management.Logistics, transportation, and international trade managers who need to understand and mitigate the risks associated with maritime freight transport.Ex
Faculty
Academic direction and faculty
The teaching team at Navalis: working professionals who deliver and oversee the institute's programmes.
Eng. Diego Cifuentes
Cap. Javier Abaroa (MCA)
Dr. Pau Ferrer
Dr. Nuria Llobregat
Eng. Javier Bañuls
Eng. Sofía Marquina
Eng. Tomás Riera
Verified reviews
Student Reviews
Reviews collected and verified by Opynio, not written by us.
Outcomes
Learning Outcomes
- 01Assessing and mitigating risks in maritime operations
- 02Manage marine insurance claims efficiently
- 03Optimize the comprehensive management of the maritime supply chain
- 04Designing tailored insurance strategies for maritime projects
- 05Mastering the legal and regulatory framework of the marine insurance sector
- 06Leading the digital transformation in the marine insurance sector
Careers
Career Opportunities
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02Marine Insurance Underwriter: Risk assessment, pricing, and policy management for vessels, cargo, and civil liability.
03Marine Claims Manager: Investigation and processing of claims related to maritime incidents, damage, collisions, and losses.
04Marine Insurance Broker: Intermediation between insurers and clients, advice on insurance procurement, and management of insurance programs.
05Marine Risk Management Consultant: Identification, analysis, and assessment of risks in maritime operations, development of mitigation plans, and crisis management.
06Marine Insurance Adjuster: Inspection and assessment of damage to vessels and cargo, determination of causes, and valuation of losses.
07Marine Insurance Compliance Officer: Ensuring compliance with applicable regulations and laws in the marine insurance sector.
08Marine Reinsurance Manager: Negotiating and managing reinsurance contracts to protect marine insurers.
09Risk Analyst in Financial Institutions: Evaluating risks related to the financing of ships and maritime projects.
Questions
Entry Requirements
Insurance and maritime risk management.
Yes. The itinerary includes ECDIS/Radar-ARPA/BRM with harbor, ocean, fog, storm, and SAR scenarios.
Online with live sessions; hybrid option for simulator/practical placements through agreements.
It focuses primarily on maritime transport, although it may address aspects of other modes of transport related to logistics and international trade in the context of supply chains.
Recommended functional SMCP. We offer support materials for standard phraseology.
Yes, with a relevant degree or experience in maritime/port operations. The admissions interview will confirm suitability.
Optional (3–6 months) through Companies & Collaborations and the Alumni Network.
Simulator practice (rubrics), defeat plans, SOPs, checklists, micro-tests and applied TFM.
A degree from Navalis Magna Institute + operational portfolio (tracks, SOPs, reports and KPIs) useful for audits and employment.
Online admissions
Admissions Process
No waiting for a phone call. If your documents are complete, you can pay in the same session.
Entry requirements
```htmlAcademic/Professional Profile:Bachelor's Degree in Economics, Law, Business Administration, Engineering or related field; or proven professional experience in the insurance, maritime, or risk management sector.Language proficiency:English (level B2) recommended for accessing technical documentation and specialized literature.Documentation:Updated CV, copy of degree, academic transcript (if applicable), ID/Passport, cover letter highlighting interest in maritime insurance and risk management.Technical requirements (for online):Computer with camera/microphone, stable
Questions?
Frequently Asked Questions
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