INS305 Marine Underwriting Management (8)

This subject provides the knowledge and skills to assess and underwrite risk relating to marine insurance and to survey risk exposure and review and interpret portfolio performance.

No offerings have been identified for this subject in 2021.

Where differences exist between the Handbook and the SAL, the SAL should be taken as containing the correct subject offering details.

Subject Information

Grading System



One session


School of Accounting and Finance

Enrolment Restrictions

Bachelor of Business (Insurance) students only

Assumed Knowledge

Learning Outcomes

Upon successful completion of this subject, students should:
  • be able to discuss the concept of cargo in marine insurance
  • be able to discuss the concept of hull in marine insurance
  • be able to discuss the concept of marine liability
  • be able to discuss the concept of carrier in marine insurance
  • be able to evaluate quotation slips
  • be able to analyse risk related to marine insurance
  • be able to draft marine policy wordings and clauses
  • be able to provide quotations
  • be able to negotiate premiums
  • be able to review operational performance of portfolio


This subject will cover the following topics:

Distinguishing marine insurance
Specification of industry and legislative basis
Types of risk explanation
Definition of marine insurance terms
Broker comparison for premium payment
Cargo types explanation
Cargo types policies
Terms of sale explanation
Distinguishing cargo insurance clauses
Cargo premium calculations
Hull descriptions
Commercial hull description
Hull wording
Commercial hull wording
Private board wording
Explanation of policy
Policy extensions
Material damage premium calculations
Hull premium calculations
Legal liability exposure
Occupation analysis
Calculating premiums for liability
Carrier definition
Carrier's liability
Consignment note evaluation
Consignment note explanation
Carrier's cover distinction
Premium calculation for carriers
Risk establishment
Investigate information assessment
Information specification
Implementation of survey instruments
Information interpretation
Activities/processes/practices identification
Exposure identification
Risk evaluation
Relation of evaluation
Insurance coverage
Submission/review preparation
Choosing policy type
Drafting wordings/clauses
Information evaluation
Rating determination
Premium calculation
Quotation preparation
Quotation submission
Negotiation planning
Information collation
Conduct negotiation
Agreement confirmation
Documentation review
Key performance data collation
Data review
Conduct analysis
Data presentation

The information contained in the CSU Handbook was accurate at the date of publication: May 2021. The University reserves the right to vary the information at any time without notice.