MSc Insurance and Sustainable Risk Management

Insurance and Sustainable Risk Management is leading the way in shaping the future of the insurance industry. The Masters in Insurance and Sustainable Risk Management from GCU London gives students the skills that insurance professionals of the future will need.

The insurance industry is constantly changing. With advances in technology, an evolving risk landscape and a growing need for new insurance solutions in emerging markets, future insurance graduates will be required to have different skill sets to be able to respond to these challenges.

How will we insure driverless cars? Smart houses or drones? Cyber insurance? How can micro-insurance help to close the insurance gap in emerging markets? The insurance and risk management masters degree provide you with the knowledge and skills needed to adapt to a changing risk landscape as well as current social, economic and political issues, within the context of insurance and risk management.

You will gain in-depth knowledge and understanding in underwriting and claims management, the core functions of the insurance profession. Choose the Masters in Insurance and Sustainable Risk Management and take the next step in developing your technical and soft skills; identifying, forecasting and managing risk and discovering the importance and the thought-provoking nature of the insurance industry.

As a masters student at GCU London, you gain knowledge and develop skills on quantitative modelling and pricing insurance as well as developing leadership skills in managing insurance businesses. Our graduates will become managers in insurance businesses and leaders in their field of expertise.

Glasgow Caledonian University has over 30 years experience in teaching Risk Management and this new masters degree programme expands that knowledge to further specialise in Insurance Management. You will learn from teaching staff who are industry experts with extensive insurance and risk management industry experience.

Based in London, where Lloyds of London started ensuring risks more than 325 years ago from a coffee house, study with GCU London and access industry-led teaching and visits to leading insurance organisations.


Graduate opportunities

Upon successful completion of this masters degree, graduates will go on to a range of different insurance and risk management careers in a wide variety of fields including claims, underwriting, reinsurance, risk analysis and modelling.

There is currently a talent shortage both in the UK and the international insurance industry. With insurance professionals retiring and disruptive technologies and emerging markets changing the industry further, this talent shortage is expected to increase. Consequently, there is an urgent need for technically skilled insurance graduates to fill this gap worldwide.

This programme has been designed with a team of academics and industry professionals to combine the latest theoretical and practical insurance and risk management content.

The programme focuses on contemporary issues such as cyber risk insurance, emerging market risk, micro insurance, insurance for climate change, and Takaful (Islamic) Insurance. This makes the GCU MSc Insurance and Risk Management course unique within the UK.

The programme will also teach you how to become an innovative leader and give you the soft skills necessary to run an insurance business of the future.

Upon completion of the programme, you will have both theoretical and technical knowledge on advanced insurance topics ranging from underwriting and reinsurance to insurance regulations and accounting.

The programme is made up of eight 15 credit modules and a 15,000 words research project worth 60 credits.

  • Underwriting and Claims Management
  • Insurance Automation, Digitalisation and Cyber Security
  • International Insurance Markets, Accounting & Regulations
  • Insurance Solutions for Risk in Emerging Markets
  • Reinsurance, Risk Financing and Securitisation of Insurance Risk
  • Enterprise Risk Analysis & Modelling in Insurance
  • Contemporary Issues in Management & Leadership in Insurance
  • Introduction to Research Methods
  • Research Project

    Study Options

    • 2018/19

    Award

    Mode of study

    Duration

    Start date

    Location

     

    MSc
    Full Time
    16 Months
    Jan 2019
    GCU London
    MSc
    Part Time
    2 - 3 Years
    Jan 2019
    GCU London
    MSc
    Distance Learning
    2 - 3 Years
    Jan 2019
    GCU London
    Award Mode of study Duration Start date Location  
    MSc Full Time 16 Months Jan 2019 GCU London Enquire Apply
    MSc Part Time 2 - 3 Years Jan 2019 GCU London Enquire Apply
    MSc Distance Learning 2 - 3 Years Jan 2019 GCU London Enquire

    Study Options

    • 2019/20

    Award

    Mode of study

    Duration

    Start date

    Location

     

    MSc
    Full Time
    1 Year
    Sep 2019
    GCU London
    MSc
    Part Time
    2 - 3 Years
    Sep 2019
    GCU London
    MSc
    Distance Learning
    2 - 3 Years
    Sep 2019
    GCU London
    Award Mode of study Duration Start date Location  
    MSc Full Time 1 Year Sep 2019 GCU London Enquire Apply
    MSc Part Time 2 - 3 Years Sep 2019 GCU London Enquire Apply
    MSc Distance Learning 2 - 3 Years Sep 2019 GCU London Enquire

    Standard entry requirments

    This course is appropriate for experienced insurance professionals, who want to top up their career with an academic qualification, as well as recent graduates.

    All entry requirements listed here should be used as a guide and represent the minimum required to be considered for entry. Applicants who are made a conditional offer of a place may be asked to achieve more than is stated.

    Typical Entry Requirements

    Entry to the MSc Insurance and Risk management programme will normally be on the basis of a candidate having a United Kingdom (UK) Honours degree or equivalent, normally at grade 2:2 or above in a relevant subject.

    This could be, for example, risk management, insurance, banking, financial services, actuarial studies, business management, business administration, computing, natural disaster management, marketing, economics, finance, accounting, mathematics, health science, engineering, law or any other insurance and risk management related subject.

    English Language

    Academic IELTS score of 6.0 (or equivalent) with no element below 5.5.

    If a student does not meet the English language requirements, they may be eligible for GCU London pre-sessional English programme which is taught at London campus.

    Please note: if you are from a majority English speaking country, you may not be required to provide further proof of your English Language proficiency.

    Additional Information

    Other academic and vocational qualifications

    Each application to GCU is considered on an individual basis. If you do not have the typical academic entry qualifications, but can demonstrate relevant work experience and/or credits from recognised professional bodies, you may be eligible to enter this course via the University's Recognition of Prior Learning scheme.

    International Pathways

    International students who do not meet the academic requirements may be eligible for the Pre-Masters programme at INTO Glasgow at our Glasgow campus. Successful completion of this INTO course with the required grades means guaranteed conditional offer of a place on the degree programme at GCU London.

    If you do not meet the English language requirements, you may be eligible for our pre-sessional English programme which is taught at our London campus.

    Flexible entry - credit transfer and RPL

    Candidates with degrees in other areas should demonstrate involvement in or familiarity with insurance and risk management practice i.e. employment in a relevant role or interest in transferring to this field usually established in personal statement and/or referee recommendations. However, the overriding consideration will be the Programme Leader’s assessment of the student’s ability to undertake the Programme successfully.

    Professional qualifications and advanced entry

    Chartered Insurance Institute’s, London (CII) Advanced Diploma in Insurance and Institute of Risk Management’s, London (IRM) International Diploma in Risk Management can be accepted in lieu of a degree.

    CII, IRM and IoFA (Institute of Faculty of Actuaries) Associates and Fellows with or without work experience may enter into the programme with eligible accreditations or through accelerated route (i.e., Fast Track).

    Candidates entering this validated programme with advanced standing through recognition of prior learning can only claim up to 50% of credits (90 credits).

    Fees are subject to change and published here for guidance only. Fees and refund policy.

    Tuition fees 2019/20

    Home (including Scotland and Europe): £8400
    International (outside Europe): £12980

    Part-time and distance-learning fees can be paid annually or on a module by module basis. For part-time and distance-learning fees starting in September 2019 or January 2020, please make an enquiry today.

    Tuition fees 2018/19

    Home (including Scotland and Europe): £8400
    International (outside Europe): £12600

    View part-time and distance learning fees 2018/19.

    As a student at the University, there are additional fees and costs which may or may not apply to you, but that you should be aware of. View additional costs

    Scholarships

    We provide high-quality education for a fair price; as the University for the Common Good, we are committed to offering accessible higher education for talented students by keeping our tuition fees low and providing a generous scholarship package of over £2.5 million per year.

    If you have any questions or enquiries regarding scholarships available for 2018/19, please feel free to contact the student enquiries team.

    View scholarships

    For new international students, particular care is taken around our induction events which begin on 21 January 2019 to welcome you to the UK and GCU prior to the start of teaching. There will be a whole host of fun and informative activities taking place during this period, including campus tours, city tours and social events where you can meet other international students. Where possible, we encourage you to arrange travel to allow you to arrive in time to enjoy these.

    During the course your will be tested on subject knowledge, independent thought and creativity. This is done through a balance of coursework assessments and class tests and presentations, through individual as well as group work. There are no closed book exams on this programme.