Overview

The Financial Insurance programme at the University of Toronto is a comprehensive professional degree designed to produce experts for the global financial sector. By combining advanced statistical methods with insurance modelling, the curriculum ensures students can navigate complex risk landscapes effectively. This full-time course provides the technical depth required for detailed risk analysis and enterprise-wide strategic oversight.

Why Financial Insurance at the University of Toronto?

The programme is built upon three essential pillars: statistical methods, financial mathematics, and insurance modelling. This multidisciplinary approach allows students to gain a bird’s-eye perspective on how embedded risks affect modern firms. Studying at this prestigious institution provides access to the Department of Statistical Sciences, where academic excellence meets practical industry application.

The curriculum is specifically tailored for individuals with strong quantitative backgrounds in fields such as actuarial science, economics, mathematics, or physics. By bridging the gap between these domains, the university ensures that graduates are equipped with a versatile toolkit. This unique educational interface prepares students to handle both specific financial risks and broad organisational challenges.

Tuition Fee Breakdown

International fee: CAD 63820 per year
National fee: CAD 26780 per year

Visit the Fees and Funding section for a breakdown in your local currency.

Syllabus

The curriculum focuses on the intersection of finance and data science. Modules may include:

Statistical Methods
Financial Mathematics
Insurance Modelling
Quantitative Risk Management
Actuarial Science
Data Analysis for Finance

Careers with Financial Insurance

Graduates are prepared for leadership roles within the global financial insurance industry. The programme focuses on developing the skills necessary to become a specialist in risk assessment and financial management. Many alumni pursue careers as risk analysts, actuarial consultants, or financial engineers within large insurance firms and investment banks.

The training provided enables professionals to provide detailed analysis of specific financial insurance risks while maintaining a strategic view of firm-wide operations. This dual capability is highly valued by global organisations seeking to manage complex portfolios. Graduates often find opportunities in sectors requiring high-level quantitative expertise and sophisticated modelling skills.

Programme Structure

Courses:

Applied Probability for Mathematical Finance
Data Analytics in Practice

Applied Time-Series Analysis

Life Insurance Mathematics

Data Science for Risk Modelling

Industrial Seminar Series

Key information

Duration

Full-time
- 12 months

Start dates & application deadlines

Starting 2027-09-02 00:00:00
- Apply before 2027-01-16 00:00:00

Language

English

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Credits

30 alternative credits

Delivered

On Campus

Campus Location

Toronto, Canada

Disciplines

Economics Finance Insurance View 64 other Masters in Economics in Canada

This information is based on LinkedIn alumni data for graduates from 2018 to 2024 and may not fully represent all career outcomes

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Academic requirements

GPA

B+

English requirements

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Other requirements

General requirements

Applicants are admitted under the General Regulations of the School of Graduate Studies. Applicants must also satisfy the Department of Statistical Sciences' additional admission requirements stated below.
An appropriate bachelor’s degree from a recognized university in a related field such as statistics, mathematics, finance, and actuarial science, or any discipline where there is a significant quantitative component.
An average grade equivalent to at least a University of Toronto B+ in the final year or over senior courses; applicants who meet the SGS grade minimum of mid-B and demonstrate exceptional ability through appropriate workplace experience will be considered.
Three letters of reference including two academic references, one of which should be in a quantitative discipline.
A curriculum vitae detailing the student’s educational background, professional experience, and skills.

Selected applicants may be required to attend an interview.

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Tuition Fees

Tuition fees are shown in and the most likely applicable fee is shown based on your nationality.

International Applies to you

Applies to you

Non-residents

63820 CAD / year

≈ 63820 CAD / year
Domestic Applies to you

Applies to you

Citizens or residents

26780 CAD / year

≈ 26780 CAD / year

Living costs

Toronto

Canada

1502 - 2563 CAD / month

The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.

Funding

Win a €10000 Scholarship! Deadline: 30 June 2020

Embark on your journey with the Studyportals Scholarship! We're giving away a total of 20,000 euros to help you achieve your dream of studying abroad.

Win a €10000 Scholarship! Deadline: 30 June 2020

Embark on your journey with the Studyportals Scholarship! We're giving away a total of 20,000 euros to help you achieve your dream of studying abroad.

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Scholarships Information

Below you will find Master's scholarship opportunities for Financial Insurance.

Available Scholarships

You are eligible to apply for these scholarships but a selection process will still be applied by the provider.

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About

Overview

Programme Structure

Key information

Duration

Start dates & application deadlines

Language

Prepare for Your English Test

Credits

Delivered

Campus Location

Disciplines

What students do after studying Business & Management

Academic requirements

English requirements

Prepare for Your English Test

Other requirements

General requirements

Student Insurance via Studyportals Partner

Tuition Fees

International Applies to you

Domestic Applies to you

Living costs

Toronto

Funding

Need help with your student visa?

Scholarships Information

Available Scholarships

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