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

insurance rating analysttoinsurance risk consultant

A insurance rating analyst already meets 50% of what the insurance risk consultant role asks for. The move turns on 6 required skills not yet in the profile.

From insurance rating analyst
50%
Overlap1
To insurance risk consultant
14 Skills carried over
6 Required, not held
50.6 Difficulty2
Career overlap Partial match

50%

Learning distance Real move, short list to learn

50.6/ 100

1 Share of the insurance risk consultant role’s weighted skill requirement already met by the insurance rating analyst 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 risk consultant role treats 8 of its required skills as things a insurance rating analyst already does. These are the ones it depends on most.

  • actuarial science
  • advise on risk management
  • analyse financial risk
  • analyse insurance risk
  • insurance law
  • obtain financial information

What stands in the way is 6 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 14 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 insurance rating analyst background worth leading with.

Skill the target role also needs Area
  • already held create underwriting guidelines information skills
  • already held perform debt investigation information skills
  • already held analyse insurance risk information skills
  • already held insurance law business, administration and law
  • already held debt systems business, administration and law
  • already held principles of insurance business, administration and law

All 14 carried skills, including the 8 the insurance risk consultant role treats as required.

Table 3

Table 3 · What you would need to learn

The 18 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 perform risk analysis required
  • optional, not held calculate insurance rate optional
  • optional, not held collect property financial information optional
  • optional, not held compile statistical data for insurance purposes optional
  • optional, not held create risk maps optional
  • optional, not held produce materials for decision making optional
  • optional, not held review insurance process optional
  • optional, not held apply statistical analysis techniques optional
  • optional, not held provide support in financial calculation optional
02 business, administration and law 1 required, 1 supplementary
  • required, not held risk identification required
  • optional, not held claims procedures optional
03 communication, collaboration and creativity 1 required, 1 supplementary
  • required, not held prepare survey report required
  • optional, not held create insurance policies optional
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 14 skills that carry over
Skill Type
  • already held actuarial science knowledge
  • already held advise on risk management skill
  • 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 principles of insurance knowledge
  • already held types of insurance knowledge
  • already held create underwriting guidelines skill
  • already held debt systems knowledge
  • already held modern portfolio theory knowledge
  • already held perform debt investigation skill
  • already held statistics knowledge
  • already held synthesise financial information skill
12 supplementary skills, helpful but not required
Skill to acquire Tier
  • optional, not held calculate insurance rate optional
  • optional, not held claims procedures optional
  • optional, not held collect property financial information optional
  • optional, not held compile statistical data for insurance purposes optional
  • optional, not held create risk maps 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 apply statistical analysis techniques optional
  • optional, not held create insurance policies optional
  • optional, not held organise a damage assessment optional
  • optional, not held provide support in financial calculation optional
17 held skills the insurance risk consultant role does not ask for
Skill Type
  • not needed by the target role advise on credit rating skill
  • not needed by the target role advise on financial matters skill
  • not needed by the target role analyse financial performance of a company skill
  • not needed by the target role analyse loans skill
  • not needed by the target role apply credit risk policy skill
  • not needed by the target role build business relationships skill
  • not needed by the target role communicate with banking professionals skill
  • not needed by the target role consult credit score skill
  • not needed by the target role create cooperation modalities skill
  • not needed by the target role create credit policy skill
  • not needed by the target role credit control processes knowledge
  • not needed by the target role examine credit ratings skill
  • not needed by the target role forecast future levels of business skill
  • not needed by the target role insurance market knowledge
  • not needed by the target role prepare credit reports skill
  • not needed by the target role promote financial products skill
  • not needed by the target role review investment portfolios 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 risk identification required
  • required, not held survey techniques required
  • optional, not held claims procedures optional
Index

Other moves recorded from insurance rating analyst

Full index of moves from insurance rating analyst

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.