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Online Master of Science in Risk Management & Insurance Degree ONLINE RISK MANAGEMENT MASTER’S DEGREE

We are no longer offering this as a stand-alone program. Please see the Master of Business Administration - Risk Management & Insurance concentration instead.

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Why Choose Cambridge College Global?

Cambridge College Global offers an affordable, world-class education, literally at your fingertips. Our online learning platform is ideal for today’s busy working adult. We understand the need for access to high-quality online degrees and provide programs that are:


Courses are 100% online, allowing you to study anytime and anywhere.


Career-focused coursework is led by faculty with real-world experience.


Cambridge College is regionally accredited by the New England Commission of Higher Education (NECHE).


Our interactive online learning environment was recognized with a 2014 Gold Award for Best Practices (USDLA) and the ACHE Award for Creative Use of Technology, and our degree programs are consistently recognized by U.S. News & World Report.

The Master of Science in Risk Management and Insurance (MSRMI) is designed to provide students with an in-depth education for principles of risk management and the insurance industry. Students learn to identify, analyze and manage risks for enterprise and individuals by using strategies and tools including, property, liability, health and life insurance. Moreover, they learn how to design and manage retirement planning and employee benefit plan along with personal financial planning.

The MSRMI program has 10 courses, two foundational courses, seven core courses, and the MSRMI Capstone.

What You Will Learn in the Online Master of Science in Risk Management and Insurance

MSRMI students will be able to make, assess and manage risk using insurance policies by:

  • Obtain a broad knowledge of financial markets and institutions by examining money markets and capital markets.
  • Analyze financial data and market research information to conduct risk analysis and insurance management.
  • Develop a global understanding of the evolving topic of Enterprise Risk Management (ERM).
  • Identify and evaluate business and personal risk using insurance as a risk management tool. Attain an in-depth understanding and knowledge of Liability and Property Risk Management & Insurance.
  • Analyze retirement planning and employee benefits. Study the important steps and different aspects of designing, developing and planning an effective employee benefits program.
  • Acquire a broad knowledge of insurance company operations, qualification, and underwriting.

As a final deliverable, all MSRMI students will construct a comprehensive Risk Analysis Report to provide risk management using insurance policies.

Throughout this program, team building, cross-sector learning and professional networking are encouraged through small, online classes. Your fellow students may include finance professionals such as risk managers, finical planners, fraud analysts, underwriters, financial analysts, and insurance company presidents — to name a few.

For a complete list of courses, download the MSRMI curriculum worksheet. You may also view full course descriptions here.

Is the Online Master of Science in Risk Management and Insurance Right for You?

The Master of Science in Risk Management and Insurance is a 100% online program which is developed to help distance learners to achieve their educational goals and advance their professional careers in Risk Management and Insurance-related fields. This includes those who want to shift their career path into risk management and insurance as well as those who are currently employed in the related jobs and want to deepen their knowledge in this field.

A business undergraduate degree is not required for admission into the Master of Science in Risk Management and Insurance online program. If you’re looking for a faster and flexible path to advance skills in risk management and insurance, we have the right college for you.

Nearly all of our students are working adults who recognize Cambridge College Global as a good fit for its convenience and flexibility. Sixty-three percent of them are employed at organizations that have a Corporate Partner relationship with Cambridge College Global.

Admission Requirements

Acceptance decisions are made on a rolling basis throughout the year for our 8 graduate sessions. You can apply at any time and get a decision within days of submitting all required materials. To apply, simply contact an admission representative, who can help you explore financial options. Your admission representative can also walk you through the application process, which involves completing a graduate application and providing undergraduate transcripts.


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