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

insurance brokertoloss adjuster

A insurance broker already meets 39% of what the loss adjuster role asks for. The move turns on 11 required skills not yet in the profile.

From insurance broker
39%
Overlap1
To loss adjuster
12 Skills carried over
11 Required, not held
64.6 Difficulty2
Career overlap Distant match

39%

Learning distance Substantial retraining

64.6/ 100

1 Share of the loss adjuster 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 loss adjuster role treats 10 of its required skills as things a insurance broker already does. These are the ones it depends on most.

  • actuarial science
  • analyse claim files
  • claims procedures
  • initiate claim file
  • insurance law
  • manage claim files

What stands in the way is 11 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 12 skills that carry over, these are the ones fewest other occupations ask for. A loss adjuster 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 initiate claim file information skills
  • already held manage claim files information skills
  • already held analyse claim files information skills
  • already held create cooperation modalities communication, collaboration and creativity
  • already held claims procedures business, administration and law
  • already held organise a damage assessment management skills

All 12 carried skills, including the 10 the loss adjuster role treats as required.

Table 3

Table 3 · What you would need to learn

The 27 missing skills fall into 4 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, 9 supplementary
  • required, not held assess coverage possibilities required
  • required, not held estimate damage required
  • required, not held review insurance process required
  • required, not held check for damaged items required
  • required, not held compile appraisal reports required
  • required, not held document evidence required
  • optional, not held classify insurance claims optional
  • optional, not held collect property financial information optional
  • optional, not held analyse financial risk optional
  • optional, not held conduct financial audits optional
  • optional, not held determine cause of damage optional
  • optional, not held identify damage to buildings optional
  • optional, not held investigate occupational injuries optional
  • optional, not held obtain financial information optional
  • optional, not held prepare financial auditing reports optional
02 communication, collaboration and creativity 5 required, 5 supplementary
  • required, not held propose settlements required
  • required, not held handle incoming insurance claims required
  • required, not held interview insurance claimants required
  • required, not held negotiate settlements required
  • required, not held present evidence required
  • optional, not held advise on insurance policies optional
  • optional, not held assess customer credibility optional
  • optional, not held ensure cross-department cooperation optional
  • optional, not held listen to the stories of the disputants optional
  • optional, not held provide information on properties optional
03 management skills 1 supplementary
  • optional, not held create a financial plan optional
04 services 1 supplementary
  • optional, not held fraud detection optional
Table 4

Table 4 · Where to start

The 3 entries a loss adjuster 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 12 skills that carry over
Skill Type
  • already held actuarial science knowledge
  • already held analyse claim files skill
  • already held claims procedures knowledge
  • already held initiate claim file skill
  • already held insurance law knowledge
  • already held manage claim files skill
  • already held manage claims process skill
  • already held organise a damage assessment skill
  • already held principles of insurance knowledge
  • already held types of insurance knowledge
  • already held create cooperation modalities skill
  • already held manage contract disputes skill
16 supplementary skills, helpful but not required
Skill to acquire Tier
  • optional, not held advise on insurance policies optional
  • optional, not held assess customer credibility optional
  • optional, not held classify insurance claims optional
  • optional, not held collect property financial information optional
  • optional, not held analyse financial risk optional
  • optional, not held conduct financial audits optional
  • optional, not held create a financial plan optional
  • optional, not held determine cause of damage optional
  • optional, not held ensure cross-department cooperation optional
  • optional, not held fraud detection optional
  • optional, not held identify damage to buildings optional
  • optional, not held investigate occupational injuries optional
  • optional, not held listen to the stories of the disputants optional
  • optional, not held obtain financial information optional
  • optional, not held prepare financial auditing reports optional
  • optional, not held provide information on properties optional
34 held skills the loss adjuster role does not ask for
Skill Type
  • not needed by the target role advise on financial matters skill
  • not needed by the target role analyse insurance needs skill
  • not needed by the target role analyse insurance risk 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 build business relationships skill
  • not needed by the target role calculate insurance rate skill
  • 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 insurance market knowledge
  • 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 contracts skill
  • not needed by the target role modern portfolio theory knowledge
  • not needed by the target role monitor legislation developments skill
  • not needed by the target role promote financial products 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
1 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
  • optional, not held fraud detection 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.