Marine Underwriter
Quick Facts
Median Salary$112,697
Most Common EducationBachelor's degree
Projected 10-Year Growth+7.08%
Assessment MatchTake the Assessment
What They Do
A Marine Underwriter assesses the risk for insurers who provides insurance cover for ships and goods being transported by sea.
Core Tasks:
- Examine documents to determine degree of risk from factors such as applicant health, financial standing and value, and condition of property.
- Decline excessive risks.
- Write to field representatives, medical personnel, or others to obtain further information, quote rates, or explain company underwriting policies.
- Evaluate possibility of losses due to catastrophe or excessive insurance.
- Review company records to determine amount of insurance in force on single risk or group of closely related risks.
- Decrease value of policy when risk is substandard and specify applicable endorsements or apply rating to ensure safe, profitable distribution of risks, using reference materials.
- Authorize reinsurance of policy when risk is high.
What to expect as a Marine Underwriter
1Earn a Bachelor's degree
65% of people achieve this level of education.
2Gain skills and experience
See Marine Underwriter related courses on Tallo
3Land a job
114 openings for Marine Underwriters
Career Progression
in United States (Nation)
The career progression is an interactive way to explore careers related to Marine Underwriter. Click on each career to see its associated salary, job availability, skills, and more.