Table 1Transition record

insurance risk consultanttoinsurance rating analyst

A insurance risk consultant already meets 49% of what the insurance rating analyst role asks for. The move turns on 6 required skills not yet in the profile.

From insurance risk consultant

49%

Overlap1

To insurance rating analyst

14 Skills carried over

6 Required, not held

49.2 Difficulty2

Career overlap Partial match

49%

Learning distance Real move, short list to learn

49.2/ 100

adjacentmoderatesubstantialcareer change

1 Share of the insurance rating analyst role’s weighted skill requirement already met by the insurance risk consultant 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 7 of its required skills as things a insurance risk consultant already does. These are the ones it depends on most.

actuarial science
analyse financial risk
insurance law
obtain financial information
principles of insurance
synthesise 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 rating analyst role needs them, and most people applying for one will not have them already. This is the part of a insurance risk consultant 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 7 the insurance rating analyst role treats as required.

Table 3

Table 3 · What you would need to learn

The 17 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, 3 supplementary

required, not held prepare credit reports required
required, not held analyse loans required
required, not held examine credit ratings required

optional, not held consult credit score optional
optional, not held analyse financial performance of a company optional
optional, not held forecast future levels of business optional

02 business, administration and law 2 required

required, not held credit control processes required
required, not held insurance market required

03 communication, collaboration and creativity 1 required, 6 supplementary

required, not held advise on financial matters required

optional, not held promote financial products optional
optional, not held advise on credit rating optional
optional, not held build business relationships optional
optional, not held communicate with banking professionals optional
optional, not held create cooperation modalities 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

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 14 skills that carry over

Skill Type

already held actuarial science knowledge
already held analyse financial risk skill
already held insurance law knowledge
already held obtain financial information skill
already held principles of insurance knowledge
already held synthesise financial information skill
already held types of insurance knowledge
already held advise on risk management skill
already held analyse insurance risk skill
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

11 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 promote financial products optional
optional, not held advise on credit rating optional
optional, not held analyse financial performance of a company optional
optional, not held apply credit risk policy optional
optional, not held build business relationships optional
optional, not held communicate with banking professionals optional
optional, not held create cooperation modalities optional
optional, not held forecast future levels of business optional
optional, not held review investment portfolios optional

18 held skills the insurance rating analyst role does not ask for

Skill Type

not needed by the target role apply statistical analysis techniques 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 collect property financial information skill
not needed by the target role compile statistical data for insurance purposes skill
not needed by the target role conduct financial surveys skill
not needed by the target role create insurance policies skill
not needed by the target role create risk maps skill
not needed by the target role decide on insurance applications skill
not needed by the target role estimate damage skill
not needed by the target role organise a damage assessment skill
not needed by the target role perform risk analysis skill
not needed by the target role prepare survey report skill
not needed by the target role produce materials for decision making skill
not needed by the target role provide support in financial calculation skill
not needed by the target role review insurance process skill
not needed by the target role risk identification knowledge
not needed by the target role survey techniques knowledge

2 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
required, not held insurance market required

Index

Other moves recorded from insurance risk consultant

Full index of moves from insurance risk consultant

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.