By taking this Postgraduate diplomayou will obtain the necessary knowledge to stand out in the insurance field" 

Why Study at TECH?

TECH is the world's largest 100% online business school. It is an elite business school, with a model based on the highest academic standards. A world-class center for intensive managerial skills education.   

TECH is a university at the forefront of technology, and puts all its resources at the student's disposal to help them achieve entrepreneurial success"

At TECH Global University

Innovation

The university offers an online learning model that balances the latest educational technology with the most rigorous teaching methods. A unique method with the highest international recognition that will provide students with the keys to develop in a rapidly-evolving world, where innovation must be every entrepreneur’s focus.

"Microsoft Europe Success Story", for integrating the innovative, interactive multi-video system. 

The Highest Standards

Admissions criteria at TECH are not economic. Students don't need to make a large investment to study at this university. However, in order to obtain a qualification from TECH, the student's intelligence and ability will be tested to their limits. The institution's academic standards are exceptionally high...  

95% of TECH students successfully complete their studies.

Networking

Professionals from countries all over the world attend TECH, allowing students to establish a large network of contacts that may prove useful to them in the future.  

100,000+ executives prepared each year, 200+ different nationalities.

Empowerment

Students will grow hand in hand with the best companies and highly regarded and influential professionals. TECH has developed strategic partnerships and a valuable network of contacts with major economic players in 7 continents.  

500+ collaborative agreements with leading companies.

Talent

This program is a unique initiative to allow students to showcase their talent in the business world. An opportunity that will allow them to voice their concerns and share their business vision. 

After completing this program, TECH helps students show the world their talent.

Multicultural Context

While studying at TECH, students will enjoy a unique experience. Study in a multicultural context. In a program with a global vision, through which students can learn about the operating methods in different parts of the world, and gather the latest information that best adapts to their business idea.

TECH students represent more than 200 different nationalities.  

Learn with the best

In the classroom, TECH’s teaching staff discuss how they have achieved success in their companies, working in a real, lively, and dynamic context. Teachers who are fully committed to offering a quality specialization that will allow students to advance in their career and stand out in the business world. 

Teachers representing 20 different nationalities. 

TECH strives for excellence and, to this end, boasts a series of characteristics that make this university unique:   

Analysis

TECH explores the student’s critical side, their ability to question things, their problem-solving skills, as well as their interpersonal skills.  

Academic Excellence

TECH offers students the best online learning methodology. The university combines the Relearning method (postgraduate learning methodology with the best international valuation) with the Case Study. Tradition and vanguard in a difficult balance, and in the context of the most demanding educational itinerary. 

TECH is the world’s largest online university. It currently boasts a portfolio of more than 10,000 university postgraduate programs. And in today's new economy, volume + technology = a ground-breaking price. This way, TECH ensures that studying is not as expensive for students as it would be at another university.   

At TECH, you will have access to the most rigorous and up-to-date case analyses in academia” 

The content of this program will cover the contractual and regulatory aspects of the insurance industry. It will also develop concepts such as direct and indirect taxes that affect entities in the sector. likewise provide an integral vision of taxation in the insurance industry, allowing business professionals to acquire the necessary knowledge to understand and comply with the specific tax obligations of this extensive field. 

With the Relearning method, you will avoid spending long hours studying and will be able to focus on the most important concepts in an efficient way”  

Syllabus

This program will offer content that will address various aspects related to the particularities of the insurance contract, including the object, onerousness, and randomness. The different branches of insurance, the international regulatory framework, IAIS principles and standards will also be studied.

Likewise, the student will be able to examine direct taxation and its component taxes and their relationship with the creation of sustainable value. It will analyze the taxation of entities providing this service, including key concepts and specialties.

Being consistent with this agenda, TECH has developed a Postgraduate diploma in Taxation of the Insurance Industry, in order to provide the professional with the tools and knowledge necessary to be an expert in an increasingly extensive field.

In order to achieve this goal, this academic proposal is presented in a 100% online format, which will provide the student with a variety of multimedia materials, such as specialized readings and interactive summaries. These resources and the Relearning method implemented by TECH will guarantee the participant a unique learning experience. In addition, the student will be able to access all this content at any time and place since they only need a device with an internet connection, without interrupting their daily activities.

This Postgraduate diploma takes place over 6 months and is divided into 3 modules:

Module 1. Legal Aspects of Insurance International Context]
Module 2. Taxation in the Insurance Industry. Direct Taxes
Module 3. Taxation in the Insurance Industry. Indirect Taxes

Where, When and How is it Taught?

TECH offers the possibility to develop this Postgraduate diploma in Risk in the Insurance Industry completely online. During the 6 weeks of the specialization, the students will be able to access all the contents of this program at any time, which will allow the students to self-manage their study time.

Module 1. Legal Aspects of Insurance International Context 

1.1. Insurance Contract Particularities

1.1.1. Object of the contract, onerousness and randomness
1.1.2. Parties of the contract and other intervening parties
1.1.3. Onerousness, consensuality, and successive tract

1.2. Lines of insurance

1.2.2. International definition criteria
1.2.3. Life insurance lines
1.2.4. Non-life insurance lines

1.3. Insurance regulatory framework: Europe, the Americas, and Asia Pacific

1.3.1. IAIS Principles and Standards
1.3.2. Overview of regulatory progress: quantitative and qualitative requirements
1.3.2. Evolution of Governance Requirements

1.4. International legislation for the control of insurance activity

1.4.1. International Supervisory and Control Bodies
1.4.2. Supervisory Authorities: Competencies and coordination in a global environment
1.4.3. Key regulatory aspects of control and surveillance

1.5. Protection of Personal Data

1.5.1. Models of privacy regulation: Europe, the Americas and Asia-Pacific
1.5.2. Global impact of the European Data Protection Regulation
1.5.3. Physical and digital environment

1.6. Prevention of money laundering and financing of terrorism

1.6.1. Money laundering and terrorist financing regulations
1.6.2. Financial Action Task Force (FATF) Recommendations
1.6.3. High Risk Countries

1.7. Fraud prevention

1.7.1. Fraud typology. Concept
1.7.2. Elements of fraud management systems
1.7.3. Sectorial regulation of fraud

1.8. Evolution and perspectives on new risks and sustainability: Ethics and responsibility in the insurance business

1.8.1. From CSR to ESG
1.8.2. New paradigms in sustainability and risk
1.8.3. Evolution of regulatory requirements at the international level

1.9. Cyber resilience, governance and and ICT security

1.9.1. Network and information systems security: Regulatory developments
1.9.2. Impact of insurers on cyber resilience levels
1.9.3. Cybersecurity governance framework

1.10. Consumer protection. Obligations of transparency and disclosure of information

1.10.1. United Nations Guidelines for Consumer Protection
1.10.2. Transparency and disclosure of information: Regulatory developments
1.10.3. Comercio electrónico y venta a distancia

Module 2. Taxation in the Insurance Industry. Direct Taxes 

2.1. Direct Taxation

2.1.1. Taxes comprising direct taxation
2.1.2. Direct taxation as sustainable value creation (ESG)
2.1.3. General and specific regulations for direct taxation

2.2. Taxation of insurance entities

2.2.1. Taxation of insurance entities. Key Concepts
2.2.2. Specialties for insurance entities
2.2.3. Statement in a tax consolidation group with parent insurance company

2.3. Accounting Chart of accounts for insurance entities / IFS

2.3.1. Sectoral adaptation
2.3.2. Financial Statements and Premium Volume
2.3.3. Tax Liquidation Reflection on Corporate Income

2.4. Corporate Income Tax I– International taxation

2.4.1. Adjustments to the tax base: technical provisions
2.4.2. Offset of tax loss carryforwards: Tax Group
2.4.3. Capitalization reserve

2.5. Corporate Income Tax II– International taxation

2.5.1. Determination of the total tax liability
2.5.2. Deductions and Allowances
2.5.3. Deduction limits and future offsets

2.6. Form 200 and 220 and equivalents in other jurisdictions

2.6.1. Model Specialties
2.6.2. Annexes and supplementary declarations
2.6.3. Deadlines and submission

2.7. Investments in EIGs

2.7.1. Relations with the insurance industry
2.7.2. Related tax inquiries
2.7.3. Return and specific aspects to consider

2.8. Other direct taxation

2.8.1. Specialties of CIT installment payments
2.8.2. Corporate restructuring
2.8.3. Reference value for other direct taxes

2.9. Reporting: relationship with direct taxation

2.9.1. IRS
2.9.2. Country by Country report
2.9.3. DAC6

2.10. CIT Inspections. Key Aspects

2.10.1. Key aspects of IS inspections
2.10.2. Related transactions
2.10.3. Direct taxation in the world. Latest developments in fiscal year 2023

Module 3. Taxation. Indirect Taxes

3.1. Community Regulations. Origin of the exemption

3.1.1. Value Added Tax in the European Union
3.1.2. Directive 2006/112/EC
3.1.3. Impact of Exemption

3.2. Limitations on indirect tax deductions by country

3.2.1. Indirect tax as cost
3.2.2. Proration and differentiated sectors
3.2.3. Minimum deduction

3.3. European Economic Interest Groupings (EIGs)

3.3.1. EIGs
3.3.2. EIGEs in the insurance industry
3.3.3. VAT Exemption and its evolution in the Community Environment

3.4. Branching in the Insurance Industry

3.4.1. Subsidiary vs Branch
3.4.2. Matrix operations - branch office
3.4.3. Practical risks

3.5. Special regime for groups of companies (REGE)

3.5.1. REGE
3.5.2. REGE in the insurance industry
3.5.3. REGE vs AEIE (European Economic Interest Grouping)

3.6. Renting and insurance

3.6.1. Judgment of the CJEU BGŻ Leasing - Case C-224/11
3.6.2. Renting as a contract of complex nature
3.6.3. Insurance formulas for renting

3.7. Self-insurance

3.7.1. Insurance elements
3.7.2. Approach to the figure of self-insurance
3.7.3. Self-insurance and renting

3.8. International claims management

3.8.1. Management as part of mediation
3.8.2. Developments in its treatment for VAT purposes
3.8.3. Cross-border and correspondent claims

3.9. Contact Center, External collaborators and mediators

3.9.1. Contact Center, External collaborators and mediators. Functions
3.9.2. Developments in its treatment for Taxes purposes
3.9.3. Practical risks

3.10. Insurance Premium Tax (IPS) in Europe

3.10.1. The IPS in Europe. Concept
3.10.2. Connection Points in terms of Location Rules 
3.10.3. Tax rates in Europe 

Upgrade at your own pace of study with TECH's innovative teaching methodology and gain full control of your learning process"