Program Modules

Online Units

The PG Cert in Finance, Risk and Insurance consists of nine online/distance learning units leading to 30 (ECTS) credits:

Strategic Management

The course addresses key debates and issues in management and leadership focusing on:

  • Macro environmental influences on business
  • The changing nature of competition
  • The sources and dimensions of competitive advantage
  • Global strategy and the multinational corporation
  • External growth strategies including M&A
  • Organisational decision making
  • Implementing change initiatives


Recommended academic textbooks and journals:

  • Balogun, J. Hope-Hailey, V. Gustafsson, S. (2016) Exploring Strategic Change. 4th ed. Harlow, Pearson.
  • Grant, R. M. (2016) Contemporary Strategy Analysis. 9th ed. Wiley, West Sussex
  • Jeffs, C. (2008) Strategic Management: A Sage Course Companion. London, Sage.
  • Neilson, G. Martin, K.L. Powers, E. (2008). The secrets to successful strategy execution. Harvard Business Review. June 2018.
  • Rummelt, R. P. (2011) The Perils of bad strategy. McKinsey Quarterly. June 2011.
  • Ryall, M.D. (2013) The New Dynamics of Competition. Harvard Business Review. June 2013.

Innovation and Design Thinking

The course addresses key debates and issues in management, innovation and design thinking focusing on:

  • Influences on global innovation
  • Innovation strategy and competitive differentiation
  • Design thinking, creativity and organisational problem solving
  • Managing the innovation process, networks and people
  • Protecting your innovations
  • The value proposition and human-centric design
  • Disruptive strategies and business model innovation


Recommended academic textbooks and journals:

  • Brown, T. (2015) Design for action. Harvard Business Review. September 2015, pp. 56-64.
  • Liedtka, J.M. (2014) Innovative Ways Companies are Using Design Thinking. Strategy & Leadership, Vol. 42, No. 2, pp. 40-45.
  • Martin, B. Hanington, B. (2012) Universal Methods of Design. Rockport, MA.
  • Michel, S. (2014) Capture more value. Harvard Business Review, October 2014.
  • Price, R. Wrigley, C. (2015) Design and a deep customer insight approach to innovation. Journal of International Consumer Marketing.
  • Westland, J. C. (2017) Global Innovation Management. 2nd ed. Palgrave, London.

Insurance Markets and Regulations

The course addresses key debates and issues in insurance and regulations focusing on:

  • Introduction to risk and the role of insurance as a risk transfer mechanism
  • Characteristics and principles of insurance and the demand for insurance
  • Structure of international insurance markets and their participants
  • Forms of insurance including reinsurance

 

Excerpt from recommended academic textbooks:

  • Rejda, G. and McNamara, M. (2017) Principles of Risk Management and Insurance. 13th ed. Harlow, Pearson.
  • Grant, E. (2012) The Social and Economic Value of Insurance. Geneva/Basle, Geneva Association.

Further literature will be provided during the course.

ECA Foundations and Principles

The course addresses key debates and issues in insurance and regulations focusing on:

  • Trade and economic development
  • Government export financing mandates and foundations
  • ECA set-up and policy objectives
  • Key product offerings
  • Rules and regulations
  • Hot ECA topics

 
Literature:     
Literature will be provided during the course.

Structuring Transactions

The course addresses key debates and issues in underwriting and claims focusing on:

  • Fundamentals of corporate transactions
  • Trade finance transactions
  • Medium and long-term export finance transactions
  • Structured and project finance specifics
  • Hot topics

 
Literature:
   
Literature will be provided during the course.

Claims and Recovery

The course addresses key debates and issues in underwriting and and claims focusing on:

  • Fundamentals of claims management
  • Claim Examination Procedures
  • Defaults and materialization of credit risk
  • Disputed transactions
  • Claims Portfolio Management
  • Fundamentals of recovery actions
  • Recovery portfolio management


Literature:   
Literature will be provided during the course.

Underwriting and Portfolio Management

The course addresses key debates and issues in underwriting and and claims focusing on:

  • Credit risk underwriting process and approaches
  • Risk types, Risk assessment and risk mitigation instruments
  • Consideration of international standards
  • Risk classification
  • Portfolio Management

 
Literature:     
Literature will be provided during the course.

Risk Management and Compliance

The course addresses key debates and issues in risk management and foreign trade focusing on:

  • The global risk landscape
  • (Digital) business ecosystems
  • Process management and information systems
  • COSO risk management
  • Business continuity, corporate resilience and compliance

 
Literature:     
Literature will be provided during the course.

Digitalisation: Fintech and Insuretech

The course addresses key debates and issues in global business and the digital agenda focusing on:

  • Fintech business models and use cases (egRegTech, InsureTech)
  • Fintech disruptive potential
  • Fintech Tech - introduction to Blockchain, AI, and big data
  • Fintech Ethics and the role of regulation, identity and security
  • Fintech challengers and challenges - profit and collaboration

 
Literature:     
Literature will be provided during the course.