Marine Insurance Adjuster Job Description [Updated for 2025]

In the ever-changing world of marine operations, the role of marine insurance adjusters has become increasingly crucial.

As the marine industry evolves, the demand for skilled professionals capable of assessing, analyzing, and managing marine insurance claims grows stronger.

But let’s dive deeper: What’s truly expected from a marine insurance adjuster?

Whether you are:

• A job seeker looking to understand the core responsibilities of this role,
• A hiring manager outlining the perfect candidate,
• Or simply fascinated by the intricate world of marine insurance,

You’ve navigated to the right place.

Today, we present a customizable marine insurance adjuster job description template, designed for straightforward posting on job boards or career sites.

Let’s set sail into the details.

Marine Insurance Adjuster Duties and Responsibilities

Marine Insurance Adjusters are responsible for investigating, negotiating, and settling marine insurance claims.

They are instrumental in ensuring fair settlements between the insurance companies and the policyholders, based on the terms and conditions of the insurance policy.

The following are the general duties and responsibilities of a Marine Insurance Adjuster:

• Investigate and assess marine insurance claims involving a wide range of maritime incidents like accidents, cargo damage, and navigational disputes
• Review insurance policies to determine the coverage of the claim
• Work with surveyors, loss adjusters, and other experts to identify the cause and extent of damage or loss
• Evaluate the validity of the claim and negotiate the claim settlement with policyholders or their representatives
• Prepare and maintain records and reports of investigations, settlements, recoveries, and expenditures related to claims
• Communicate with claimants, insurance brokers, and underwriters regularly to update them on the progress of the claim
• Ensure compliance with insurance regulations and company policies throughout the claims process
• Provide assistance in subrogation processes to recover funds paid out on claims

 

Marine Insurance Adjuster Job Description Template

Job Brief

We are seeking a skilled and detail-oriented Marine Insurance Adjuster to manage and settle marine insurance claims.

The candidate should have a solid understanding of marine insurance policies, be adept at negotiating claim settlements, and have excellent interpersonal and investigative skills.

Marine Insurance Adjuster responsibilities include assessing the extent of damage or loss, determining coverage, negotiating settlements, and ensuring that claims are handled within policy guidelines and industry regulations.

 

Responsibilities

• Review and evaluate marine insurance claims
• Inspect damaged marine vessels and assess repair costs
• Analyze and interpret insurance policies to determine coverage
• Negotiate claim settlements with policyholders or claimants
• Prepare reports detailing claim investigations and resolutions
• Manage communication with all parties involved in the claim process
• Ensure compliance with insurance regulations and company policies
• Keep up-to-date with developments in the marine industry and insurance regulations

 

Qualifications

• Proven experience as a Marine Insurance Adjuster or similar role
• Strong understanding of marine insurance policies and regulations
• Excellent negotiation and decision-making skills
• Strong written and verbal communication skills
• Detail-oriented with strong analytical skills
• Ability to work under pressure and meet deadlines
• BSc degree in Business Administration, Finance, or relevant field

 

Benefits

• 401(k)
• Health insurance
• Dental insurance
• Retirement plan
• Paid time off
• Professional development opportunities

 

Additional Information

• Job Title: Marine Insurance Adjuster
• Work Environment: Office setting with occasional field visits for damage assessments. Some travel may be required.
• Reporting Structure: Reports to the Marine Insurance Claims Manager.
• Salary: Salary is based upon candidate experience and qualifications, as well as market and business considerations.
• Pay Range: $65,000 minimum to $95,000 maximum
• Location: [City, State] (specify the location or indicate if remote)
• Employment Type: Full-time
• Equal Opportunity Statement: We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.
• Application Instructions: Please submit your resume and a cover letter outlining your qualifications and experience to [email address or application portal].

 

What Does a Marine Insurance Adjuster Do?

Marine Insurance Adjusters work in the field of marine insurance, which covers loss or damage of ships, cargo, terminals, and any transport by which the property is transferred, acquired, or held between the points of origin and the final destination.

Their primary role involves assessing and investigating insurance claims related to marine accidents, damage, and losses.

They closely examine the cause of the loss, the extent of the damage, and the value of the property involved.

They work closely with clients, insurance companies, and sometimes even legal professionals to negotiate and settle claims.

They are responsible for verifying the legitimacy of the claim, checking for any fraudulent activity, and ensuring all relevant procedures have been followed.

Marine Insurance Adjusters also evaluate the risks involved in insuring different types of vessels, cargo, or marine facilities, and recommend appropriate insurance coverages.

They may also be involved in developing insurance policies and setting premium rates.

Their role requires a thorough understanding of maritime law, marine safety regulations, and various types of marine vessels and operations.

It’s important for them to stay updated on changes in these areas and adapt their work accordingly.

They are critical in ensuring that all parties involved in a marine insurance claim can come to a fair resolution.

 

Marine Insurance Adjuster Qualifications and Skills

A proficient Marine Insurance Adjuster should possess the qualifications and skills that align with the requirements of the role, such as:

• Comprehensive knowledge of marine insurance policies, regulations, claim handling procedures and marine law.
• Strong analytical skills to thoroughly investigate and evaluate marine insurance claims.
• Excellent negotiation skills to settle claims effectively and fairly, ensuring customer satisfaction and company profitability.
• Superior communication skills to interact with claimants, witnesses, legal counsels, and other stakeholders and to provide clear and concise reports.
• Ability to work under pressure and manage multiple cases simultaneously, with keen attention to detail and a high level of organization.
• A good understanding of marine operations, navigation, and safety procedures to accurately assess the circumstances of a claim.
• Proficiency in using insurance software for claim processing and record keeping.
• Customer service skills to assist policyholders through the claim process, providing support and information as needed.

 

Marine Insurance Adjuster Experience Requirements

Entry-level Marine Insurance Adjusters typically require a minimum of 1 to 2 years of experience in the insurance industry, often accumulated through internships or part-time roles in claims handling or underwriting.

They may also gain practical experience and industry knowledge through roles in risk management, marine surveying, or other related maritime roles.

Candidates with 3 to 5 years of experience typically have sharpened their skills in marine insurance adjusting, through roles such as Claims Handler, Marine Surveyor, or Risk Analyst.

These professionals are often proficient in assessing, negotiating, and settling marine insurance claims, with a thorough understanding of marine insurance policies and maritime law.

Those with more than 5 years of experience are likely to have some managerial experience and might be considered for senior or supervisory roles.

This often includes overseeing a team of adjusters, managing large or complex claims, and providing training and guidance to less experienced adjusters.

It is also important to mention that marine insurance adjusters should possess relevant qualifications in marine insurance or maritime studies, as well as continuous education in order to keep up with changes in maritime law, shipping industry trends, and insurance market conditions.

 

Marine Insurance Adjuster Education and Training Requirements

A Marine Insurance Adjuster typically requires a bachelor’s degree in business administration, finance, or a related field.

They must have knowledge of maritime laws and regulations, and are often required to complete specialized courses in marine insurance, which cover areas such as marine liability, cargo insurance, hull insurance, and protection and indemnity insurance.

A strong background in insurance adjusting or claims handling is essential.

This can be obtained through several years of experience in the insurance industry, particularly in claims adjusting.

Certification as an insurance adjuster is often required, and this can be obtained through various recognized insurance institutions.

Some states also require marine insurance adjusters to be licensed, which generally involves passing an examination.

In addition, many employers prefer candidates who have earned professional designations, such as the Chartered Property Casualty Underwriter (CPCU) or Associate in Claims (AIC) designation.

These programs typically require candidates to pass a series of examinations and meet specific work experience requirements.

Continuing education is also important in this field, as adjusters need to stay updated on changes in maritime laws and insurance regulations.

This can be achieved through workshops, seminars, or courses offered by professional associations or insurance companies.

Having a master’s degree in business administration, finance, maritime law, or a related field can also be beneficial, demonstrating a candidate’s commitment to further learning and potential for leadership.

 

Marine Insurance Adjuster Salary Expectations

A Marine Insurance Adjuster can expect to earn an average salary of $63,670 (USD) per year.

However, the actual earnings can significantly vary based on the adjuster’s years of experience, level of education, location, and the size and reputation of the employing insurance company.

 

Marine Insurance Adjuster Job Description FAQs

What skills are essential for a Marine Insurance Adjuster?

A Marine Insurance Adjuster must have strong analytical skills to accurately assess damage and determine the value of claims.

They should possess good communication and negotiation skills to interact with policyholders, witnesses, and insurance agents.

Knowledge of marine operations, laws and safety regulations is also essential.

They should also have the ability to write clear, concise reports.

 

Do Marine Insurance Adjusters need a degree?

While a degree is not always required, a bachelor’s degree in business, finance, law, or a related field can be beneficial.

However, what’s crucial is having a good understanding of insurance laws and regulations, marine operations, and safety procedures.

Some employers prefer candidates with specific industry certification or equivalent professional experience.

 

What should you look for in a Marine Insurance Adjuster resume?

You should look for a mix of education, certifications, and experience in a Marine Insurance Adjuster’s resume.

A degree in a related field, relevant certification, and prior experience in marine insurance or maritime operations can be good indicators of a candidate’s suitability.

The resume should also demonstrate strong analytical, communication, and report-writing skills.

 

What qualities make a good Marine Insurance Adjuster?

A good Marine Insurance Adjuster should have strong analytical and problem-solving skills to accurately evaluate claims.

They should have good communication skills to effectively interact with various stakeholders.

A sound understanding of marine operations, regulations, and safety procedures is also important.

They should be detail-oriented, have good decision-making abilities, and exhibit a high level of integrity.

 

Is it difficult to hire Marine Insurance Adjusters?

Hiring Marine Insurance Adjusters can be challenging due to the specialized nature of the role.

It requires a unique combination of insurance knowledge, understanding of marine operations, and analytical skills.

Therefore, it is important to have a well-crafted job description that clearly outlines the role’s requirements to attract the right candidates.

Offering competitive compensation and continuous training opportunities can also make the position more attractive.

 

Conclusion

And that’s a wrap.

Today, we’ve unveiled the true nature of a Marine Insurance Adjuster‘s role.

Intriguing, isn’t it?

It’s not just about evaluating claims.

It’s about ensuring the maritime economy’s safety and security, one claim at a time.

With our comprehensive Marine Insurance Adjuster job description template and real-life examples, you’re fully prepared to navigate this career path.

But why limit your exploration here?

Immerse yourself further with our job description generator. It’s your ultimate guide to creating detail-oriented job listings or tailoring your resume to perfection.

Remember:

Every claim evaluated forms a part of the broader maritime economic landscape.

Let’s secure that future. Together.

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