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Job outlook for marine underwriters in the United States
Are marine underwriter jobs in demand?
Marine underwriter job and salary trends over time
Marine underwriter jobs over time
Marine underwriter job growth rate over time
| Year | # of jobs | % of population |
|---|---|---|
| 2021 | 241 | 0.00% |
| 2020 | 228 | 0.00% |
| 2019 | 224 | 0.00% |
| 2018 | 215 | 0.00% |
| 2017 | 201 | 0.00% |
Average marine underwriter salary over time
Marine underwriter salary by year
| Year | Avg. salary | Hourly rate | % Change |
|---|---|---|---|
| 2025 | $77,871 | $37.44 | +2.5% |
| 2024 | $75,951 | $36.52 | +0.9% |
| 2023 | $75,257 | $36.18 | --0.5% |
| 2022 | $75,669 | $36.38 | +3.1% |
| 2021 | $73,413 | $35.29 | +4.1% |
Marine underwriter jobs by state
Most common states for marine underwriters
| Rank | State | Population | # of jobs | Employment/ 1000ppl |
|---|---|---|---|---|
| 1 | District of Columbia | 693,972 | 33 | 5% |
| 2 | Arizona | 7,016,270 | 262 | 4% |
| 3 | Maine | 1,335,907 | 48 | 4% |
| 4 | South Dakota | 869,666 | 33 | 4% |
| 5 | North Dakota | 755,393 | 29 | 4% |
| 6 | Illinois | 12,802,023 | 343 | 3% |
| 7 | North Carolina | 10,273,419 | 293 | 3% |
| 8 | Colorado | 5,607,154 | 162 | 3% |
| 9 | Minnesota | 5,576,606 | 141 | 3% |
| 10 | Oregon | 4,142,776 | 122 | 3% |
| 11 | Connecticut | 3,588,184 | 98 | 3% |
| 12 | Utah | 3,101,833 | 87 | 3% |
| 13 | Iowa | 3,145,711 | 86 | 3% |
| 14 | Kansas | 2,913,123 | 80 | 3% |
| 15 | New Hampshire | 1,342,795 | 39 | 3% |
| 16 | Delaware | 961,939 | 33 | 3% |
| 17 | Wyoming | 579,315 | 20 | 3% |
| 18 | New York | 19,849,399 | 335 | 2% |
| 19 | Pennsylvania | 12,805,537 | 260 | 2% |
| 20 | Washington | 7,405,743 | 175 | 2% |
Most common cities for marine underwriters
| Rank | City | # of jobs | Employment/ 1000ppl | Avg. salary |
|---|---|---|---|---|
| 1 | Alpharetta | 5 | 8% | $80,946 |
| 2 | Rancho Cordova | 3 | 4% | $85,693 |
| 3 | South Portland | 1 | 4% | $80,858 |
| 4 | Franklin | 2 | 3% | $74,153 |
| 5 | Braintree Town | 1 | 3% | $92,692 |
| 6 | Hartford | 2 | 2% | $88,683 |
| 7 | Brea | 1 | 2% | $80,829 |
| 8 | Walnut Creek | 1 | 1% | $86,464 |
| 9 | New York | 3 | 0% | $109,514 |
| 10 | Chicago | 2 | 0% | $78,965 |
| 11 | Boston | 1 | 0% | $92,437 |
| 12 | Jersey City | 1 | 0% | $88,386 |
| 13 | Los Angeles | 1 | 0% | $81,059 |
| 14 | Rochester | 1 | 0% | $107,540 |
| 15 | San Francisco | 1 | 0% | $86,822 |
Marine Underwriter job outlook: Expert opinions
Our panel of marine underwriter experts
University of Georgia
Insurance Information Institute
Robert Hoyt, Ph.D.
Department Head and Dudley L. Moore Jr. Chair of InsuranceUniversity of Georgia
Risk Management and Insurance Program
Will there be an enduring impact of the coronavirus pandemic on Marine Underwriters?
Robert Hoyt, Ph.D.: I think it is clear that the working environment and the necessary skills in insurance have been impacted by the pandemic in ways that will persistent. In some cases it has accelerated trends that were already underway (e.g., increased use of technology, expanded use of remote work, digital strategies). In other cases it has presented a business case for the importance of business resilience and the opportunities to interact with customers and business partners in new and efficient ways. The good news for our graduates is that opportunities in insurance will continue to grow in number and quality and emerging graduates who are digital natives will be perfectively positioned to help organizations embrace these new ways of doing business.
Are there any particularly good places in the United States for Marine Underwriters to find work opportunities?
Janet Ruiz: Underwriting jobs may be found at corporate home offices, specialized field offices, or regional offices of insurance companies. Insurance broker agencies also have underwriting positions. Commercial Business and Specialty, Auto and Homeowners insurance all use underwriters.
What type of skills will young Marine Underwriters need?
Janet Ruiz: 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.