Online Master of Science 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).

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.”

The MS in Insurance Management provides an opportunity to develop critical business skills that will help practitioners prepare of the evolving insurance landscape, including several concentrations that focus on areas of high industry demand:

  • Applied Business Analytics
  • Corporate Finance
  • Project, Program & Portfolio Management
  • Supply Chain Management

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.

Students who complete the master’s degree in Insurance Management will be able to demonstrate:

  • Business knowledge and competence in incorporating insurance management decisions in developing a company’s business strategy.
  • 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.

In addition, those who complete the Insurance Management master’s concentration in Applied Business Analytics will be able to demonstrate:

  • The knowledge and skills necessary to better utilize available information in operational, tactical, and strategic decision-making in organizations.
  • Experience with various powerful emerging technologies and techniques for increasing the value of both in-house and third-party data sets.
  • An understanding of how organizations are using interlinked data-inputs, analytics models, and decision-support tools to better understand their operations, customers, and markets.
  • Expertise in web analytics and metrics, and the ability to procure and process unstructured text, and delve into hidden patterns within data sets.
  • The ability to facilitate knowledge discovery using data mining and visualization techniques over vast amounts of data.
  • Experience with building and assessing machine learning models.

Those who complete the Insurance Management master’s concentration in Corporate Finance will be able to demonstrate:

  • The ability to analyze financial statements and financial models.
  • Skill in performing discounted cash flow analysis and valuation.
  • Expertise in calculating net present values and internal rates of return.
  • Understanding of investment rules and the ability to make capital investment decisions.
  • Proficiency in risk analysis and capital budgeting.
  • Understanding of the capital structure of the firm.
  • The ability to use econometric methods to analyze financial data.
  • The knowledge to analyze industry trends, regulations, and finance system participants.
  • Comprehension of the significance and importance of ethical behavior in all aspects of business.
  • The capacity to investigate and analyze how changing regulatory environment in the US and abroad impacts finance.

Those who complete the Insurance Management master’s concentration in Project, Program & Portfolio Management will be able to:

  • Evaluate critical success factors for projects and programs across industries, and use these factors to create project portfolios that align with strategic goals of the organization and describe best practices for managing such a portfolio.
  • Construct a program management plan that describes best practices for the creation and management of programs and how to plan and coordinate resources, procurement, schedule, finance, risk, and change.
  • Acquire in-depth practical knowledge of enterprise tools used in organizations to plan and manage a portfolio of programs and projects, and leverage project analytics data to make well-informed decisions.

Those who complete the Insurance Management master’s concentration in Supply Chain Management will be able to demonstrate:

  • An understanding of the importance of supply chain management decisions in developing a business strategy for a firm.
  • Foundational knowledge in supply chain management and its core principles, including logistics operations and/or import/export operations, lean practices, and/or Six Sigma practices.
  • Knowledge of key supply chain management issues and tools vital in analyzing supply chain decision problems.

Awards & Accreditations

AACSB AccreditationAccredited member of AACSB International―The Association to Advance Collegiate Schools of Business

Why Choose BU’s Master of Science in Insurance Management?

  • U.S. News & World Report Best Online Programs - Grad Business 2024In 2024, Metropolitan College’s online master’s degrees in management were ranked #6 among the Best Online Master's in Business Programs (Excluding MBA) by U.S. News & World Report.
  • Boston University is an accredited member of AACSB International―The Association to Advance Collegiate Schools of Business.
  • Students 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.
  • Students in the program have the option to concentrate in Applied Business Analytics; Corporate Finance; Project, Program & Portfolio Management; or Supply Chain Management.

Career Outlook

Financial Managers

17% increase in jobs through 2031

$131,710 median annual pay in 2021

Management Analysts

11% increase in jobs through 2031

$93,000 median annual pay in 2021

Financial Analysts

9% increase in jobs through 2031

$95,570 median annual pay in 2021

Operations Research Analysts

23% increase in jobs through 2031

$82,360 median annual pay in 2021

Business Continuity Planners

4–7% increase in jobs through 2031

$75,990 median annual pay in 2022

Accountants and Auditors

6% increase in jobs through 2031

$77,250 median annual pay in 2021

Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook Handbook, visited July 2023

Tuition & Financial Assistance

Money Matters

Boston University Metropolitan College (MET) offers competitive tuition rates that meet the needs of part-time students seeking an affordable education. These rates are substantially lower than those of the traditional, full-time residential programs yet provide access to the same high-quality BU education. To learn more about current tuition rates, visit the MET website.

Financial Assistance

Comprehensive financial assistance services are available at MET, including scholarships, graduate loans, and payment plans. There is no cost to apply for financial assistance, and you may qualify for a student loan regardless of your income. Learn more.


The Boston University Metropolitan College Master of Science in Insurance Management consists of eight required courses (32 credits)*, 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.


Vladimir Zlatev

Vladimir Zlatev

Associate Professor of the Practice and Director of Digital Learning, Administrative Sciences; Coordinator, Applied Business Analytics
PhD, MS, BS, Dresden University of Technology

Marcus Goncalves

Marcus Goncalves

Associate Professor of the Practice; Coordinator, Global Marketing Management; Associate Chair, Administrative Sciences
PhD, University of Saint Joseph; EdD, Boston University; MS, Southwest University; BS, Faculdades Integradas Simonsen, Rio de Janeiro, Brazil

John Maleyeff

John Maleyeff

Associate Professor of the Practice, Administrative Sciences; Coordinator, Enterprise Risk Management
PhD, MS, University of Massachusetts at Amherst
BA, East Stroudsburg State College

Getting Started

To learn more or to contact an enrollment advisor before you get started, request information using the button below and tell us a little about yourself. Someone will be in touch to answer any questions you may have about the program and detail the next steps in earning your degree. You can also start your application or register for a course at Metropolitan College.