*Based on 2026–2027 Boston University tuition and fees. Merit scholarship may reduce cost.
Ensure a More Secure Tomorrow through 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). The MS in Insurance Management is ideal for professionals who hold positions such as Underwriter, Senior Underwriter, Underwriting Manager, Underwriting Quality Review Auditor, Product Specialist, Operations Specialist, Claims Adjuster, Claims Specialist or Manager, Account Executive, and other members of the insurance ecosystem (such as Insurance Risk Managers, Consultants, Business Developers, Relationship Managers, Management Analysts, and Insurance Data Analysts) who wish to gain a broad graduate-level education in management that complements their expertise. The Insurance Management curriculum provides an opportunity for professionals to complement their demonstrated expertise in insurance issues with a mastery of general management principles in Accounting, Finance, Operations, and Leadership.
As detailed in “The Insurance 2023 Vision,” a white paper by NTT DATA, traditional insurance industry business models are facing challenges on several fronts, from climate change to emerging technologies, economic volatility, and global health crises. According to the report, “Amidst these uncertainties, there are opportunities for insurers to thrive by embracing key actions. These include accelerating IT transformation, orchestrating the insurance ecosystem, exploring new products, addressing environmental and social considerations, and mitigating digital risks. By adopting these strategies, insurers can leverage data, enhance customer experiences, promote sustainability, and bridge the cyber insurance protection gap.”
By completing just eight courses, holders of the CPCU credential will gain the advanced management knowledge required to handle high-level responsibilities and to achieve career advancement. With appropriate advanced planning, you can use program electives from your online Master of Science in Insurance Management to satisfy up to two required courses in an Administrative Sciences graduate certificate program—leaving only two additional courses to be completed in order to receive a graduate-level certificate.
The MS in Insurance Management is also available on campus in Boston. Learn more.
Curriculum
The Boston University Metropolitan College Master of Science in Insurance Management consists of eight required courses (32 units)*, including four core management courses and four additional courses. 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 Underwriter (CPCU) credential.
*Degree requirements may vary for those students transferring credits from previous coursework at Boston University or receiving course waivers due to professional designations.
Prerequisites
As a prerequisite to the course MET AD 571 Business Analytics Foundations, students must complete the AD 100 Pre-Analytics Laboratory (online) or possess equivalent knowledge. Some courses may have additional prerequisites. Please note that MET AD 571 Business Analytics Foundations is a prerequisite for several elective courses and should be taken early in the degree.
Core Courses
(Four courses/16 units)
Plus one course from the following:
General Electives
(Four courses/16 units)
Select four general electives with an advisor’s approval, unless you are pursuing a concentration in Applied Business Analytics; Corporate Finance; Project, Program & Portfolio Management; or Supply Chain Management. Concentration requirements below.
With appropriate advanced planning, you can use program electives to satisfy up to two required courses in an Administrative Sciences graduate certificate program—leaving only two additional courses to be completed in order to receive a graduate-level certificate.
Concentration in Applied Business Analytics
(Four courses/16 units)
Students pursuing a concentration in Applied Business Analytics must complete the degree core courses as well as the following concentration requirements:
Plus three courses chosen from the following:
Concentration in Corporate Finance
(Four courses/16 units)
Students pursuing a concentration in Corporate Finance must complete the degree core courses as well as the following concentration requirements:
Concentration in Project, Program, and Portfolio Management
(Four courses/16 units)
Students pursuing a concentration in Project, Program, and Portfolio Management must complete the degree core courses as well as the following concentration requirements:
Plus one of the following:
And one elective chosen with an advisor’s approval.
Concentration in Supply Chain Management
(Four courses/16 units)
Students pursuing a concentration in Supply Chain Management must complete the degree core courses as well as the following concentration requirements:
Plus two of the following:
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.
Learn about application requirements for BU MET graduate degree and certificate programs.
How You Benefit from a Boston University Education
A BU credential can help lay the foundation for career advancement and personal success.
Benefit from a 24:1 average student-to-instructor ratio.
Those who hold the Chartered Property Casualty Underwriter (CPCU) credential are able to build on their experience and earn a master’s degree in Insurance Management by completing just eight courses.
Choose from optional concentrations in Applied Business Analytics; Corporate Finance; Project, Program & Portfolio Management; or Supply Chain Management.
Work closely with highly qualified faculty who draw from active research and substantial professional achievements in business and management fields.
All graduate students are automatically considered for merit scholarships during the application process and nominated based on eligibility. Learn more.
Rankings & Accreditations
#12 Best Online Master’s in Business Programs (Excluding MBA)
MET’s online master’s degrees in management are ranked #12 in the nation by U.S. News & World Report.
Accredited member of AACSB International
The Association to Advance Collegiate Schools of Business (through BU’s Questrom School of Business)
Graduate with Insurance Management Expertise
Students who complete the master’s degree in Insurance Management will be able to:
Integrate insurance management decisions into overarching corporate business strategies.
Evaluate the impact of digital transformation and automation on insurance processes.
Analyze the balance between data management practices and customer privacy concerns.
Develop flexible business models designed to personalize policy offerings and pricing structures.
Apply principles of risk avoidance to shape customer behavior; formulate strategies to build connected customer communities and transform insurance offerings into integrated lifestyle ecosystems.
Use management tools to analyze and implement crucial insurance-related decisions for both service providers and customers.
Those who complete the Insurance Management master’s concentration in Applied Business Analytics will also be able to:
Apply available information to operational, tactical, and strategic decision-making processes within organizations
Use current technologies and techniques to increase the value of in-house and third-party data sets.
Analyze how organizations use interlinked data inputs, analytics models, and decision-support tools to evaluate operations, customers, and markets.
Procure and process unstructured text, apply web analytics and metrics, and identify underlying patterns within data sets.
Facilitate knowledge discovery through data mining and visualization techniques, and build and assess machine learning models.
Those who complete the Insurance Management master’s concentration in Corporate Finance will also be able to:
Analyze financial statements and models, and perform discounted cash flow analysis, valuation, and net present value and internal rate of return calculations.
Apply investment rules to make capital investment decisions, and demonstrate proficiency in risk analysis, capital budgeting, and understanding firm capital structure.
Use econometric methods to analyze financial data.
Analyze industry trends, financial system participants, and the impact of domestic and international regulatory changes on finance.
Evaluate the significance of ethical behavior across all aspects of business and finance.
Those who complete the Insurance Management master’s concentration in Project, Program & Portfolio Management will also be able to:
Evaluate critical success factors across industries to create and manage project portfolios that align with organizational strategic goals.
Construct comprehensive program management plans detailing the coordination of resources, procurement, scheduling, finance, risk, and change management.
Apply enterprise tools to plan and manage a portfolio of programs and projects.
Leverage project analytics data to support and execute well-informed management decisions.
Those who complete the Insurance Management master’s concentration in Supply Chain Management will also be able to:
Evaluate the role of supply chain management decisions in the development of a firm’s overarching business strategy.
Apply foundational principles of supply chain management, including logistics, import/export operations, lean methodologies, and Six Sigma practices.
Analyze key supply chain management issues using vital industry tools to solve complex supply chain decision problems.
“Earning a master’s was always something that I wanted to do. I choose Boston University’s Metropolitan College because of the AACSB accreditation it holds and for its connection to my CPCU designation…” Read more.
Allen Chaves (MET’23) Vice President, Executive Officer & Head of Personal Lines Product, Arbella Insurance MS, Insurance Management
Advance Your Career
BU MET’s Insurance Management master’s prepares you for a wealth of different roles, such as Insurance Underwriter, Financial Manager, Financial Analyst, Claims Manager, Insurance Examiner, Innovation Analyst, Risk Consultant, Business Continuity Planner, Management Analyst, Operations Research Analyst, Accountant and Auditor, Loan Officer, Budget Analyst, among others.
Recent graduates have found job opportunities and career paths at companies such as:
AIG
Liberty Mutual Insurance
Wells Fargo Home Mortgage
Geico
State Farm
Nationwide
Amica Mutual Insurance
Allstate
The Hartford
USAA
Lennox International
Take Advantage of Career Resources at BU MET
You will find the support you need in reaching your career goals through MET’s Career Development office, which offers a variety of job-hunting resources, including one-on-one career counseling by appointment for online students. You can also take advantage of tools and resources available online through BU’s Center for Career Development.
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