MS in Insurance Management

The Master of Science in Insurance Management is for professionals who have earned a designation as a Chartered Property Casualty Underwriter (CPCU), and is designed specifically to complement their insurance expertise with general management principles in accounting, finance, operations, and leadership. By completing eight courses, the holders of the CPCU credential can 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 MS 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 to provide a strategic focus on how the insurance industry affects, and is affected 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

• The ability to integrate insurance management decisions into overarching corporate business strategies.
• The ability to evaluate the impact of digital transformation and automation on insurance processes.
• The ability to analyze the balance between data management practices and customer privacy concerns.
• The ability to develop flexible business models designed to personalize policy offerings and pricing structures.
• The ability to apply principles of risk avoidance to shape customer behavior. Formulate strategies to build connected customer communities and transform insurance offerings into integrated lifestyle ecosystems.
• The ability to use management tools to analyze and implement crucial insurance-related decisions for both service providers and customers.

Admissions Information

For current admissions information, please visit the Metropolitan College website.

Prerequisites

To earn the MS in Insurance Management, students must hold the Chartered Property Casualty Underwriter (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.

A total of eight courses (32 units) is required, as follows:*

Core Courses (four courses/16 units)

• MET AD 515 AI-Powered 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 Fundamentals of Enterprise Resilience
  • MET AD 616 Enterprise Risk Analytics
  • MET AD 644 Project Finance and Risk Analysis

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 and 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

Master’s Thesis Option (two courses/8 units)

Students have the option to complete a master’s thesis in addition to the program’s eight course (32 unit) requirements. The thesis must be completed within 12 months and is available to master’s candidates who have completed at least five courses toward their degree and have a GPA of 3.7 or higher. Students are responsible for finding a thesis advisor and a principal reader within the department. The advisor must be a full-time faculty member; the principal reader may be a part-time faculty member with a doctorate. Permission must be obtained by the department.

• MET AD 800 Master’s Thesis 1
• MET AD 801 Master’s Thesis 2