Marine Insurance Underwriting Course
Online 300-hour course in marine insurance underwriting. 6 modules covering the Spanish Maritime Navigation Act 14/2014, the UK Marine Insurance Act 1906 and MarineTraffic. Assigned tutor and open enrolment.
Take the controls.
Run a real engineering trade-off from this programme. Move the sliders, watch the model react in real time and beat the challenge.
What you will be able to do
Describe the maritime market and its main types of cover.
Underwrite hull and machinery risks using technical criteria.
Analyse protection and indemnity cover and liabilities.
Assess war, piracy and other exceptional risks.
Rate and reinsure a marine portfolio.
Manage general average, collision and salvage claims.
Propose preventive measures and a complete underwriting programme.
Who it's for
- Marine insurance underwriter who wants to specialise in marine insurance underwriting.
- Hull and machinery underwriter who wants to specialise in marine insurance underwriting.
- Marine claims manager who wants to specialise in marine insurance underwriting.
- Average adjuster who wants to specialise in marine insurance underwriting.
- Marine insurance broker who wants to specialise in marine insurance underwriting.
- P&I risk analyst who wants to specialise in marine insurance underwriting.
- Engineering or science graduates looking to enter marine insurance.
What you'll work with
- Spanish Maritime Navigation Act 14/2014
- Marine Insurance Act 1906 (UK)
- Institute Time Clauses – Hulls
- Nordic Marine Insurance Plan
- York-Antwerp Rules 2016 (general average)
- LLMC Convention 1976 (limitation of liability)
- ISM Code (safety management)
- CLC Convention 1992 (oil pollution)
6 modules · 300 h
1.1Marine classes: hull, cargo, protection and indemnity and war1.2The London Market, local markets and shipowners' clubs1.3Lead underwriter, followers and risk syndication1.4The marine broker and its role in placement1.5Insurable interests: owner, charterer, financier and manager1.6Placement documentation and risk presentation1.7Market rules and customs1.8Market cycle and available capacity1.9Essential marine insurance vocabulary1.10Workshop: reading a fleet risk presentation
2.1Vessel characteristics: type, age, flag and classification2.2Classification society and status of surveys2.3Claims and detention history2.4Vessel management: owner, technical manager and crew2.5Insured value and market value2.6Deductibles, machinery excesses and sub-limits2.7Cover while navigating, in port and in dry dock2.8Navigation limitations and excluded areas2.9Common hull conditions and clauses2.10Practice: quoting a general cargo vessel
3.1What a protection and indemnity club covers3.2Liability for crew, passengers and third parties3.3Liability for pollution and wreck removal3.4Cargo liability and its relationship with cargo insurance3.5Contribution system and supplementary calls3.6Limits, mandatory certificates and guarantees3.7Civil liability conventions for pollution3.8Supplementary cover in the commercial market3.9Interface between hull, cargo and liability3.10Practice: apportioning a claim between covers
4.1War exclusions in hull policy wording4.2Separate war risks cover4.3Heightened-risk zones and additional premiums4.4Piracy, kidnap and ransom4.5Confiscation, seizure and loss of use4.6International sanctions and voidness of cover4.7Cyber risk in navigation and management systems4.8Loss of hire and owner's loss of earnings4.9Contingency cover for financiers4.10Practice: underwriting a voyage through a sensitive zone
5.1Minimum information needed to rate a marine risk5.2Own experience, market experience and expert judgement5.3Rating by vessel and by fleet5.4Adjustment clauses and profit sharing5.5Accumulation by port, by zone and by event5.6Proportional and excess of loss reinsurance5.7Pools and capacity for high-value risks5.8Monitoring portfolio profitability5.9Renewal and negotiation with the broker5.10Practice: designing a fleet programme
6.1Risk survey and recommendations to the owner6.2On-board safety management and preventive culture6.3First actions after a marine casualty6.4Adjusters, surveyors and average adjusters6.5General average and salvage from the hull perspective6.6Total loss and constructive total loss6.7Recovery from third parties and subrogation6.8Portfolio claims ratio indicators6.9Common errors in marine underwriting6.10Final project: a marine underwriting policy for an organisation
How you'll learn
A 100% online programme on the SEIUM campus, with downloadable material, recorded classes and an assigned technical tutor. There are no fixed timetables: students progress at their own pace within the intake, which makes it possible to combine study with work.
Each module combines theory, guided reading of the original regulations and applied exercises. The working software is MarineTraffic, Lloyd’s List Intelligence, Windward, advanced Excel, Power BI, in free, academic or evaluation versions. Practice is based on real procedures: analysing vessel survey reports, general average and salvage cases, and rating a hull and machinery fleet. Assessment is continuous across each module, plus the final integrating project.
Build it end to end
Your final project follows the real engineering workflow, step by step, reviewed by your tutor.
Describe the maritime market and its main types of cover.
Underwrite hull and machinery risks using technical criteria.
Analyse protection and indemnity cover and liabilities.
Assess war, piracy and other exceptional risks.
Rate and reinsure a marine portfolio.
Where this takes you
Requirements
- No previous degree is required.
- Internet connection and a computer capable of running the programme's software.
- Sufficient Spanish to follow technical regulatory texts.
Ready to start?
Send your application today. Our admissions team replies within 72 hours with your study plan and funding options.
Frequently asked questions
The programme totals 300 hours, spread over 3 to 5 months. That is an average of 10 to 15 hours a week, compatible with a full-time job.
You will work with MarineTraffic, Lloyd’s List Intelligence, Windward, advanced Excel and Power BI. Free, academic or evaluation versions are used, and the tutor will indicate the free alternative where one exists.
A SEIUM diploma upon passing the continuous assessment and the final integrating project. This is in-house training, not an official Ministry qualification.
Yes. Modules passed in a course or postgraduate diploma in the same area are credited towards the advanced programme. Check the credit transfer policy when you enrol.
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