• 2.1.4 Marine insurance


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    Description of role

    Responsible for underwriting marine insurance products including evaluating and pricing risks, underwriting effectiveness and management of customers and intermediaries

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    Core skills

    • Understand the legal aspects and risks involved in shipping goods and cargo in transit 
    • Understand the policies, coverage, and market practice of marine cargo insurance
    • Ability to identify main rating factors required to assess a cargo and goods in transit risks (claims history, location, value, etc.).
    • Ability to perform underwriting analysis and evaluation of cargo and goods in transit risks in relevant class of business.
    • Ability to apply relevant laws and regulations to daily work practices.
    • Knowledge of the aspects of IT and compliance that directly impact marine underwriting (policy admin systems, applicable regulations etc.).
    • Knowledge of the importance of managing exposure.
    • Knowledge of the different types of reinsurance
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    Qualification and/ or certification

    • QFSQF Level 3
    • Relevant experience

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    Industry knowledge

    • Knowledge of the insurance market, industry trends and developments.
    • Knowledge of key insurance principles and terms.

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    Regulatory compliance of role

    • Knowledge of insurance regulatory framework
    • Knowledge of laws and regulations impacting underwriting