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The differences between life underwriters and marine underwriters can be seen in a few details. Each job has different responsibilities and duties. Additionally, a life underwriter has an average salary of $78,633, which is higher than the $77,871 average annual salary of a marine underwriter.
The top three skills for a life underwriter include underwriting decisions, risk selection and health insurance. The most important skills for a marine underwriter are profitable business, risk analysis, and loss ratio.
| Life Underwriter | Marine Underwriter | |
| Yearly salary | $78,633 | $77,871 |
| Hourly rate | $37.80 | $37.44 |
| Growth rate | -4% | -4% |
| Number of jobs | 16,767 | 16,546 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 77% |
| Average age | 44 | 44 |
| Years of experience | - | - |
A life underwriter is a person who helps give the insurer a detailed outlook on their health and presents them with a premium. An underwriter works for an insurance company and examines an insurer's eligibility for certain benefits. They then evaluate the application depending on their capacity to pay and their current health status. Also, they need to inform them about the advantages and disadvantages of having life insurance.
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.
Life underwriters and marine underwriters have different pay scales, as shown below.
| Life Underwriter | Marine Underwriter | |
| Average salary | $78,633 | $77,871 |
| Salary range | Between $53,000 And $116,000 | 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 life underwriter and a marine underwriter in terms of educational background:
| Life Underwriter | Marine Underwriter | |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 77% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between life underwriters' and marine underwriters' demographics:
| Life Underwriter | Marine Underwriter | |
| Average age | 44 | 44 |
| Gender ratio | Male, 41.7% Female, 58.3% | Male, 59.5% Female, 40.5% |
| Race ratio | Black or African American, 8.8% Unknown, 2.5% Hispanic or Latino, 9.6% Asian, 5.6% White, 73.0% 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% |