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Marine underwriter skills for your resume and career

Updated January 8, 2025

1 min read

Quoted expert

Janet Ruiz

Below we've compiled a list of the most critical marine underwriter skills. We ranked the top skills for marine underwriters based on the percentage of resumes they appeared on. For example, 25.0% of marine underwriter resumes contained profitable business as a skill. Continue reading to find out what skills a marine underwriter needs to be successful in the workplace.

14 marine underwriter skills for your resume and career

1. Profitable Business

Here's how marine underwriters use profitable business:

Develop and implement segment sales plans, leveraging for profitable business and increased agency penetration.
Reviewed and analyzed existing reports and profitable measures to develop creative and profitable business recommendations for agency and market.

2. Risk Analysis

Here's how marine underwriters use risk analysis:

Performed risk analysis and suggested appropriate level of premiums to senior underwriters.
Provided/applied rationale and accurate underwriting activities for individual products, with primary focus on new business risk analysis and application processing.

3. Loss Ratio

Loss ratio is a term used in the insurance industry to represent the ratio of losses to earned premiums. The formula stands for adjustment expenses plus insurance claims divided by the total premiums.

Here's how marine underwriters use loss ratio:

Compiled monthly risk reports for managers covering retention and loss ratio.
Develop excellent relations with over 150 Brokers and Agency's Maintain a Loss Ratio Under 15% in the book of business

4. Business Development

Business development is the ideas or initiatives that work to make business work better. Selling, advertising, product development, supply chain management, and vendor management are only a few of the divisions involved with it. There is still a lot of networking, negotiating, forming alliances, and trying to save money. The goals set for business development guide and coordinate with all of these various operations and sectors.

Here's how marine underwriters use business development:

Conducted agency visits to develop and manage relationships including new business development and retention of existing business.
Partnered with Business Development Managers and Underwriting Manager on agency planning and goal-setting.

5. Underwriting Authority

Here's how marine underwriters use underwriting authority:

Mentored new underwriters to assist in obtaining underwriting authority and to familiarize the new underwriters with program and system requirements.
Accepted, priced, and bound insurance within underwriting authority; referred business to underwriting manager and London underwriters beyond authority.

6. Profitable Book

Here's how marine underwriters use profitable book:

Involved in marketing, servicing, form and rate creation for agency business and developing a profitable book of business.
Analyze and review lines of business to develop recommendations and assist in achieving and maintain a profitable book of business.

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7. Property Business

Here's how marine underwriters use property business:

Produced and managed a $4,000,000 book of profitable in-land marine /property business.

8. Business Plan

Here's how marine underwriters use business plan:

Developed agency relationships by creating business plans and implementing them.

9. Loss Analysis

Here's how marine underwriters use loss analysis:

Managed the current ocean marine renewal book and new business through loss analysis, coverage review and pricing.
Analyzed accounts in line with Chubb Property/Marine underwriting strategy; account ranking, rate calculations and loss analysis.

10. Commercial Property

Here's how marine underwriters use commercial property:

Evaluated commercial property and casualty risk by gathering data and determining whether to accept or reject based on researched information.
Performed critical business development and management functions for commercial property sector, establishing new accounts and maintaining existing profitable relationships.

11. Business Policies

Here's how marine underwriters use business policies:

Reviewed pending underwriting tasks/red flags on new business policies and endorsements submitted by producers.
Processed, invoiced, and sent all new business policies, renewals, and endorsements in accordance to company procedures.

12. General Liability

Here's how marine underwriters use general liability:

Marketed company products and services to agencies including cargo, auto liability, general liability, truckers liability and excess liability.
Reviewed, classified, evaluated and priced commercial General Liability accounts within an established level of authority.

13. Policy Terms

Here's how marine underwriters use policy terms:

Negotiated policy terms and conditions.
Create documentation of policy terms including coverage, guidelines, rate charts, fees and claims process.

14. Loss Runs

A document that documents the history of claims made against a commercial insurance policy is called a loss run. It is comparable to a credit report and it includes information involving the date of the claim, a description of the event and the amount paid. Normally, a loss run will record five years of claim history.

Here's how marine underwriters use loss runs:

Order and analyze loss runs for risk acceptance and pricing.

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What type of skills will young marine underwriters need?

Janet Ruiz

Director – Strategic Communication, Insurance Information Institute

The mathematical mind, meet the meaningful purpose (Liberty Mutual). Underwriters are the heart of the insurance process, gathering and researching pertinent information and then, using finely tuned analytical skills to evaluate the acceptability of business and institutional risk. Underwriters are more than just analysts - they are the core relationship builders with agents and clients. They are responsible for managing a profitable portfolio of business by distributing agents and brokers. An underwriting career includes a dynamic blend of analytical and marketing skills. Research, Analytics, Communications, Relationship Building, Marketing.

Do you want to know more?

List of marine underwriter skills to add to your resume

The most important skills for a marine underwriter resume and required skills for a marine underwriter to have include:

Profitable Business
Risk Analysis
Loss Ratio
Business Development
Underwriting Authority

Profitable Book
Property Business
Business Plan
Loss Analysis
Commercial Property

Business Policies
General Liability
Policy Terms
Loss Runs

Updated January 8, 2025

Zippia Team

Editorial Staff

The Zippia Research Team has spent countless hours reviewing resumes, job postings, and government data to determine what goes into getting a job in each phase of life. Professional writers and data scientists comprise the Zippia Research Team.

Updated January 8, 2025

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