Umberto Panerai (born March 13, 1953) is a retired water polo player from Italy, who competed in three consecutive Summer Olympics for his native country, starting in 1976.
During his career he was affiliated with Rari Nantes Florentia in Firenze.
He was appointed to the Order of Merit of the Italian Republic.
He was a trainer for Luna Rossa Challenge for the 2000 America’s Cup and 2013 Louis Vuitton Cup.