Career Overlap Transition record Edition 1 · ESCO v1.2.1
Table 1Transition record

insurance brokertoinsurance rating analyst

A insurance broker already meets 40% of what the insurance rating analyst role asks for. The move turns on 7 required skills not yet in the profile.

From insurance broker
40%
Overlap1
To insurance rating analyst
11 Skills carried over
7 Required, not held
56.5 Difficulty2
Career overlap Partial match

40%

Learning distance Substantial retraining

56.5/ 100

1 Share of the insurance rating analyst role’s weighted skill requirement already met by the insurance broker 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.

Why

Why this move works

A insurance rating analyst role treats 6 of its required skills as things a insurance broker already does. These are the ones it depends on most.

  • actuarial science
  • advise on financial matters
  • insurance law
  • insurance market
  • principles of insurance
  • types of insurance

What stands in the way is 7 required skills the profile does not yet cover. Table 3 groups them; Table 4 says which to take first.

Table 2

Table 2 · What you already bring

Of the 11 skills that carry over, these are the ones fewest other occupations ask for. A insurance rating analyst role needs them, and most people applying for one will not have them already. This is the part of a insurance broker background worth leading with.

Skill the target role also needs Area
  • already held create cooperation modalities communication, collaboration and creativity
  • already held promote financial products communication, collaboration and creativity
  • already held insurance market business, administration and law
  • 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 11 carried skills, including the 6 the insurance rating analyst role treats as required.

Table 3

Table 3 · What you would need to learn

The 20 missing skills fall into 6 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 6 required, 6 supplementary
  • required, not held prepare credit reports required
  • required, not held analyse financial risk required
  • required, not held analyse loans required
  • required, not held examine credit ratings required
  • required, not held obtain financial information required
  • required, not held synthesise financial information required
  • optional, not held consult credit score optional
  • optional, not held create underwriting guidelines optional
  • optional, not held advise on risk management optional
  • optional, not held analyse financial performance of a company optional
  • optional, not held forecast future levels of business optional
  • optional, not held perform debt investigation optional
02 business, administration and law 1 required, 1 supplementary
  • required, not held credit control processes required
  • optional, not held debt systems optional
03 communication, collaboration and creativity 3 supplementary
  • optional, not held advise on credit rating optional
  • optional, not held communicate with banking professionals optional
  • optional, not held review investment portfolios optional
04 assisting and caring 1 supplementary
  • optional, not held apply credit risk policy optional
05 management skills 1 supplementary
  • optional, not held create credit policy optional
06 natural sciences, mathematics and statistics 1 supplementary
  • optional, not held statistics optional
Table 4

Table 4 · Where to start

The 3 entries a insurance rating analyst 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 11 skills that carry over
Skill Type
  • already held actuarial science knowledge
  • already held advise on financial matters skill
  • already held insurance law knowledge
  • already held insurance market knowledge
  • already held principles of insurance knowledge
  • already held types of insurance knowledge
  • already held analyse insurance risk skill
  • already held build business relationships skill
  • already held create cooperation modalities skill
  • already held modern portfolio theory knowledge
  • already held promote financial products skill
13 supplementary skills, helpful but not required
Skill to acquire Tier
  • optional, not held consult credit score optional
  • optional, not held create credit policy optional
  • optional, not held create underwriting guidelines optional
  • optional, not held advise on credit rating optional
  • optional, not held advise on risk management optional
  • optional, not held analyse financial performance of a company optional
  • optional, not held apply credit risk policy optional
  • optional, not held communicate with banking professionals optional
  • optional, not held debt systems optional
  • optional, not held forecast future levels of business optional
  • optional, not held perform debt investigation optional
  • optional, not held review investment portfolios optional
  • optional, not held statistics optional
35 held skills the insurance rating analyst role does not ask for
Skill Type
  • not needed by the target role analyse claim files skill
  • not needed by the target role analyse insurance needs skill
  • not needed by the target role apply statistical analysis techniques skill
  • not needed by the target role apply technical communication skills skill
  • not needed by the target role calculate insurance rate skill
  • not needed by the target role claims procedures knowledge
  • not needed by the target role compare insurance products skill
  • not needed by the target role contract law knowledge
  • not needed by the target role create insurance policies skill
  • not needed by the target role customer service knowledge
  • not needed by the target role decide on insurance applications skill
  • not needed by the target role deliver visual presentation of data skill
  • not needed by the target role develop investment portfolio skill
  • not needed by the target role file claims with insurance companies skill
  • not needed by the target role financial products knowledge
  • not needed by the target role handle financial transactions skill
  • not needed by the target role identify clients' needs skill
  • not needed by the target role inform on insurance products skill
  • not needed by the target role initiate claim file skill
  • not needed by the target role maintain records of financial transactions skill
  • not needed by the target role maintain relationship with customers skill
  • not needed by the target role manage claim files skill
  • not needed by the target role manage claims process skill
  • not needed by the target role manage contract disputes skill
  • not needed by the target role manage contracts skill
  • not needed by the target role monitor legislation developments skill
  • not needed by the target role organise a damage assessment skill
  • not needed by the target role prospect new customers skill
  • not needed by the target role protect client interests skill
  • not needed by the target role provide cost benefit analysis reports skill
  • not needed by the target role sales promotion techniques knowledge
  • not needed by the target role sell insurance skill
  • not needed by the target role social security law knowledge
  • not needed by the target role tax legislation knowledge
  • not needed by the target role use data processing techniques skill
3 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 credit control processes required
  • optional, not held debt systems optional
  • optional, not held statistics optional
Index

Other moves recorded from insurance broker

Full index of moves from insurance broker

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.