MS in Insurance Management
The Master of Science in Insurance Management is designed specifically for professionals who have earned designation as a Chartered Property Casualty Underwriter (CPCU). It is a unique opportunity for professionals who have acquired the CPCU credential to achieve further distinction by complementing their expertise in insurance areas with proficiency in general management principles in accounting, finance, operations, and leadership. By completing eight courses, the holders of the CPCU credential could gain advanced management knowledge and an MS degree in Insurance Management. Students also have the option of choosing one of the following concentrations: 1) Applied Business Analytics, 2) Corporate Finance, 3) Project, Program & Portfolio Management, or 4) Supply Chain Management.
Students who complete the master’s degree in Insurance Management will be able to demonstrate enhanced management knowledge and expertise in the insurance industry, with the addition of a focused business core that addresses the managerial aspects and personal skills needed to be a leader in the field. A business background is necessary to complement insurance industry knowledge and provide strategic focus on how the insurance industry impacts and is impacted by management decisions, global issues, and technical innovations.
This program requires an average of 16–24 months to complete. Students may begin the program in the fall, spring, or summer term.
Learning Outcomes
- Business knowledge and competence in incorporating insurance management decisions in developing the business strategy of a company.
- Knowledge on how to position insurance management to the critical differentiators facing the insurance industry in the years ahead, such as (i) digital transformation of the insurance processes that can be automated; (ii) balancing the data management with the privacy concern of the customers; (iii) developing and implementing flexible business models for personalization by offering policies and prices to suit the needs and lifestyle of the individual; (iv) risk avoidance and positive reinforcement of behavior shaping; (v) knowledge on how to build hyper-connected solid customer communities online and offline; (vi) knowledge on how to transform insurance offerings into integrated ecosystems to address customers’ lifestyle needs.
- Knowledge of crucial insurance management issues and tools needed for analyzing and defining the importance of insurance-related decisions and their implementation by the customers and the service providers.
Admissions Information
For current admissions information, please visit the Metropolitan College website.
Prerequisites
Students must hold the Chartered Property Casualty Underwriters (CPCU) designation in order to earn the master’s degree. Boston University recognizes the CPCU as the equivalent of four graduate-level courses.
All students must demonstrate proficiency in mathematical skills by completing the online ALEKS math tutorial.
Degree Requirements
Students have the option to choose a concentration in Applied Business Analytics; Corporate Finance; Project, Program & Portfolio Management; or Supply Chain Management.
In addition, students must demonstrate achievement of the Chartered Property Casualty Underwriters (CPCU) credential.
A total of eight courses (32 units) is required, as follows:*
Core Courses (four courses/16 units)
- MET AD 515 Project Management
- MET AD 632 Financial Concepts
- MET AD 715 Quantitative and Qualitative Decision-Making
- And one course from the list below:
- MET AD 503 Enterprise Risk Management
- MET AD 616 Enterprise Risk Analytics
- MET AD 644 Project Risk and Cost Management
General Electives (four courses/16 units)
Students not pursuing a concentration in Applied Business Analytics; Corporate Finance; Project, Program & Portfolio Management; or Supply Chain Management must complete the degree core courses as well as four additional elective courses chosen with an advisor’s approval.
*Degree requirements may vary for those students transferring units from previous coursework at Boston University or receiving course waivers due to professional designations.
Concentrations
Applied Business Analytics
Corporate Finance
Project, Program & Portfolio Management
Supply Chain Management
Second Master’s Degree Option
In appreciation of the converging needs of management and technology, the departments of Actuarial Science, Administrative Sciences, and Computer Science collaborate to offer a unique opportunity to students currently enrolled in their degree programs as well as alumni of those programs. Learn more on the MET website.