Table 1Transition record

actuarial assistanttoinsurance risk consultant

A actuarial assistant already meets 48% of what the insurance risk consultant role asks for. The move turns on 6 required skills not yet in the profile.

From actuarial assistant

48%

Overlap1

To insurance risk consultant

13 Skills carried over

6 Required, not held

51.8 Difficulty2

adjacent 0–30

moderate 30–55

substantial 55–75

career change 75–100

this move, 51.8

This move: 51.8 of 100 · moderate

1 Share of the insurance risk consultant role’s weighted skill requirement already met by the actuarial assistant profile. Required skills count in full, supplementary skills at 0.35. Directional: the figure for the reverse move differs. 2 Combines what is missing with how specialised it is, so a gap of general skills scores easier than the same number of narrow ones.

Table 2

Table 2 · What you already bring

Of the 13 skills that carry over, these are the ones fewest other occupations ask for. A insurance risk consultant role needs them, and most people applying for one will not have them already. This is the part of a actuarial assistant background worth leading with.

Skill the target role also needs Area

already held compile statistical data for insurance purposes information skills
already held calculate insurance rate information skills
already held create insurance policies communication, collaboration and creativity
already held analyse insurance risk information skills
already held insurance law business, administration and law
already held principles of insurance business, administration and law

All 13 carried skills, including the 8 the insurance risk consultant role treats as required.

Table 3

Table 3 · What you would need to learn

The 19 missing skills fall into 5 areas of the ESCO skill hierarchy, numbered below in the order worth working in: the areas carrying the most required skills come first, and inside each one the required skills sit above the supplementary ones.

Skill to acquire Tier

01 information skills 3 required, 8 supplementary

required, not held conduct financial surveys required
required, not held estimate damage required
required, not held advise on risk management required

optional, not held collect property financial information optional
optional, not held create risk maps optional
optional, not held create underwriting guidelines optional
optional, not held produce materials for decision making optional
optional, not held review insurance process optional
optional, not held perform debt investigation optional
optional, not held provide support in financial calculation optional
optional, not held synthesise financial information optional

02 business, administration and law 1 required, 3 supplementary

required, not held risk identification required

optional, not held claims procedures optional
optional, not held debt systems optional
optional, not held modern portfolio theory optional

03 communication, collaboration and creativity 1 required

required, not held prepare survey report required

04 natural sciences, mathematics and statistics 1 required

required, not held survey techniques required

05 management skills 2 supplementary

optional, not held decide on insurance applications optional
optional, not held organise a damage assessment optional

Table 4

Table 4 · Where to start

The 3 entries a insurance risk consultant role is least likely to hire without. The ordering is computed from the skill data, not from what pays.

Each entry opens a course search for that skill. Career Overlap earns nothing from these links.

Appendix

Appendix · The rest of the record

All 13 skills that carry over

Skill Type

already held actuarial science knowledge
already held analyse financial risk skill
already held analyse insurance risk skill
already held insurance law knowledge
already held obtain financial information skill
already held perform risk analysis skill
already held principles of insurance knowledge
already held types of insurance knowledge
already held apply statistical analysis techniques skill
already held calculate insurance rate skill
already held compile statistical data for insurance purposes skill
already held create insurance policies skill
already held statistics knowledge

13 supplementary skills, helpful but not required

Skill to acquire Tier

optional, not held claims procedures optional
optional, not held collect property financial information optional
optional, not held create risk maps optional
optional, not held create underwriting guidelines optional
optional, not held decide on insurance applications optional
optional, not held produce materials for decision making optional
optional, not held review insurance process optional
optional, not held debt systems optional
optional, not held modern portfolio theory optional
optional, not held organise a damage assessment optional
optional, not held perform debt investigation optional
optional, not held provide support in financial calculation optional
optional, not held synthesise financial information optional

11 held skills the insurance risk consultant role does not ask for

Skill Type

not needed by the target role advise on insurance policies skill
not needed by the target role analyse market financial trends skill
not needed by the target role carry out statistical forecasts skill
not needed by the target role consult credit score skill
not needed by the target role examine credit ratings skill
not needed by the target role financial markets knowledge
not needed by the target role insurance market knowledge
not needed by the target role produce statistical financial records skill
not needed by the target role provide cost benefit analysis reports skill
not needed by the target role risk management knowledge
not needed by the target role statistical analysis system software knowledge

5 gaps that are knowledge rather than practice

Knowledge gaps usually close through study. Practical skill gaps usually need something you can point at.

Skill to acquire Tier

required, not held risk identification required
required, not held survey techniques required
optional, not held claims procedures optional
optional, not held debt systems optional
optional, not held modern portfolio theory optional

Index

Other moves recorded from actuarial assistant

Full index of moves from actuarial assistant

Note

How this record was compiled

Both occupations are taken from ESCO, which lists the skills and knowledge each occupation is expected to have and marks every one required or optional. Nothing here is a prediction about hiring, and nothing here knows that a particular employer wants a particular certificate. Treat Table 3 as a starting point for your own research rather than a syllabus. The full method states what these figures can and cannot tell you.