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The differences between marine underwriters and personal lines 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 $69,706 average annual salary of a personal lines underwriter.
The top three skills for a marine underwriter include profitable business, risk analysis and loss ratio. The most important skills for a personal lines underwriter are insurance policies, underwriting decisions, and loss ratio.
| Marine Underwriter | Personal Lines Underwriter | |
| Yearly salary | $77,871 | $69,706 |
| Hourly rate | $37.44 | $33.51 |
| Growth rate | -4% | -4% |
| Number of jobs | 16,546 | 19,754 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 77% | Bachelor's Degree, 64% |
| Average age | 44 | 44 |
| Years of experience | - | - |
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.
A personal lines underwriter works at insurance companies to ensure that clients are eligible to receive insurance services. Their responsibilities include gathering and analyzing insurance applications, verifying client information, studying financial histories and occupational risks, and conducting interviews. They may also perform clerical support tasks such as preparing and processing documents, handling calls and correspondence, and updating databases. Moreover, a personal lines underwriter typically works in a team setting, which requires an active communication line for a smooth and efficient workflow.
Marine underwriters and personal lines underwriters have different pay scales, as shown below.
| Marine Underwriter | Personal Lines Underwriter | |
| Average salary | $77,871 | $69,706 |
| Salary range | Between $53,000 And $113,000 | Between $43,000 And $111,000 |
| Highest paying City | - | New York, NY |
| Highest paying state | - | New York |
| Best paying company | - | Capital Group |
| Best paying industry | - | Insurance |
There are a few differences between a marine underwriter and a personal lines underwriter in terms of educational background:
| Marine Underwriter | Personal Lines Underwriter | |
| Most common degree | Bachelor's Degree, 77% | Bachelor's Degree, 64% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between marine underwriters' and personal lines underwriters' demographics:
| Marine Underwriter | Personal Lines Underwriter | |
| Average age | 44 | 44 |
| Gender ratio | Male, 59.5% Female, 40.5% | Male, 43.1% Female, 56.9% |
| Race ratio | 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% | Black or African American, 9.2% Unknown, 2.5% Hispanic or Latino, 9.8% Asian, 5.7% White, 72.5% American Indian and Alaska Native, 0.4% |
| LGBT Percentage | 9% | 9% |