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The differences between commercial lines underwriters and marine underwriters can be seen in a few details. Each job has different responsibilities and duties. Additionally, a marine underwriter has an average salary of $77,871, which is higher than the $67,892 average annual salary of a commercial lines underwriter.
The top three skills for a commercial lines underwriter include CPCU, multi-line and commercial property. The most important skills for a marine underwriter are profitable business, risk analysis, and loss ratio.
| Commercial Lines Underwriter | Marine Underwriter | |
| Yearly salary | $67,892 | $77,871 |
| Hourly rate | $32.64 | $37.44 |
| Growth rate | -4% | -4% |
| Number of jobs | 33,047 | 16,546 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 77% | Bachelor's Degree, 77% |
| Average age | 44 | 44 |
| Years of experience | - | - |
Commercial lines underwriters are professionals who are responsible for reviewing corporate insurance applications to evaluate the risk involved and to approve or disapprove applicants. These underwriters are required to analyze the business information of their clients as well as monitor their activities to change insurance policies when risk is high or substandard. They must contact outside parties to discuss and explain underwriting policies as well as quote rates. Commercial lines underwriters must also utilize underwriting guidelines so that they can determine the loss-ratio history and loss-control reports.
A marine underwriter provides insurance cover to necessary clients. The responsibilities of this position include providing insurance for naval vessels such as boats and ships and providing valuation for a vessel or cargo. To provide this valuation, they weigh in the value of the freight, the price of the vessel, and the area where the vessel operates. The valuation will ensure a client is adequately covered in cases of unforeseen losses.
Commercial lines underwriters and marine underwriters have different pay scales, as shown below.
| Commercial Lines Underwriter | Marine Underwriter | |
| Average salary | $67,892 | $77,871 |
| Salary range | Between $44,000 And $104,000 | Between $53,000 And $113,000 |
| Highest paying City | - | - |
| Highest paying state | - | - |
| Best paying company | - | - |
| Best paying industry | - | - |
There are a few differences between a commercial lines underwriter and a marine underwriter in terms of educational background:
| Commercial Lines Underwriter | Marine Underwriter | |
| Most common degree | Bachelor's Degree, 77% | Bachelor's Degree, 77% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between commercial lines underwriters' and marine underwriters' demographics:
| Commercial Lines Underwriter | Marine Underwriter | |
| Average age | 44 | 44 |
| Gender ratio | Male, 43.1% Female, 56.9% | Male, 59.5% Female, 40.5% |
| Race ratio | Black or African American, 9.2% Unknown, 2.5% Hispanic or Latino, 10.1% Asian, 5.8% White, 72.1% American Indian and Alaska Native, 0.4% | Black or African American, 8.1% Unknown, 2.5% Hispanic or Latino, 10.5% Asian, 5.6% White, 72.9% American Indian and Alaska Native, 0.4% |
| LGBT Percentage | 9% | 9% |