Overview

About this Degree

The Financial Insurance program at the University of Toronto stands on three pillars: statistical methods, financial mathematics, and insurance modelling. It provides students with education at the interface of these domains with sufficient depth and breadth so that students can provide both detailed analysis of specific financial insurance risks as well as provide a bird’s-eye perspective on how the embedded risks affect the firm enterprise wide.

This program is particularly appropriate for students with backgrounds in statistics, actuarial science, economics, and mathematics, but students with a quantitative background (such as those in physics and engineering) and sufficient statistical training are also encouraged to apply. The program welcomes applications from international students.

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

TOEFL^® IBT

Schedule TOEFL®

IELTS

Prepare for Your English Test

Cathoven AI IELTS Preparation

Learn your IELTS Score

AI-powered IELTS feedback. Clear, actionable, and tailored to boost your writing & speaking score. No credit card or upfront payment required.

Trusted by 300k learners
98 accuracy using real exam data
4.9/5 student rating

Credits

30 alternative credits

Delivered

On Campus

Campus Location

Toronto, Canada

Disciplines

Economics Finance Insurance

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

Total alumni

Join for free or log in to access our complete career info list.

Academic requirements

GPA

B+

English requirements

TOEFL^® IBT

Schedule TOEFL®

IELTS

Prepare for Your English Test

Cathoven AI IELTS Preparation

Learn your IELTS Score

AI-powered IELTS feedback. Clear, actionable, and tailored to boost your writing & speaking score. No credit card or upfront payment required.

Trusted by 300k learners
98 accuracy using real exam data
4.9/5 student rating

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.

Student Insurance via Studyportals Partner

Make sure to cover your health, travel, and stay while studying abroad. Even global coverages can miss important items like Additional medical costs, Repatriation, Liability etc. Make sure your student insurance covers your needs.

Studyportals partnered with Aon to provide you with the best affordable student insurance, for a carefree experience away from home.

Get your student insurance now

Starting from €0.53/day, free cancellation any time.

Remember, countries and universities may have specific insurance requirements. To learn more about how student insurance work at University of Toronto and/or in Canada, please visit Student Insurance Portal.

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.

In order for us to give you accurate scholarship information, we ask that you please confirm a few details and create an account with us.

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.

On this page

About

Overview

About this Degree

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

Scholarships Information

Available Scholarships

Our partners