Marine Insurance Underwriter

Also called: Hull and Cargo Underwriter

Decides whether to insure ships and cargo, and at what price.

A day in the life

Marine underwriters assess risks like a tanker's age, its routes, and its crew, then set insurance prices. It is one of the oldest forms of insurance in the world.

Pay over a career

Starting
$55k
Typical
$82k
High
$145k

Approximate: anchored on Bureau of Labor Statistics data for a broader job group.

Training

Bachelor's degree (4-year), about 4 years after high school. Bachelor's degree plus insurance certifications (e.g., AMIM from the American Institute of Marine Underwriters).

Ways in: 4-year college, Certification. Training cost: $15k – $60k.

Majors to look at: Finance, Risk Management, Business.

Outlook

Shrinking (about -4% over 10 years).

Will it last? Our AI estimate

Medium risk in 5 years, high in 10. AI pricing handles routine hull and cargo risks; fewer underwriters will focus on unusual, high-value marine risks.

Start now, in high school

Classes: AP Statistics, AP Economics, Business CTE class.

Official data: O*NET occupation 13-2053.

More Maritime Law, Insurance & Business careers

Career Universe is an early version. Pay, training and AI-risk figures are estimates to start your own research, not verified facts. The research was written with AI research assistants, checked by validation scripts and spot-checked by hand. Check anything important with schools, employers and official sources. How the numbers work.