Table 1Transition record

insurance risk consultanttoinsurance underwriter

A insurance risk consultant already meets 48% of what the insurance underwriter role asks for. The move turns on 7 required skills not yet in the profile.

From insurance risk consultant

48%

Overlap1

To insurance underwriter

19 Skills carried over

7 Required, not held

56.1 Difficulty2

Career overlap Partial match

48%

Learning distance Substantial retraining

56.1/ 100

adjacentmoderatesubstantialcareer change

1 Share of the insurance underwriter 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 underwriter role treats 13 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
claims procedures
collect property financial information
create insurance policies
decide on insurance applications

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 19 skills that carry over, these are the ones fewest other occupations ask for. A insurance underwriter 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 decide on insurance applications management skills
already held calculate insurance rate information skills
already held create underwriting guidelines information skills
already held claims procedures business, administration and law
already held review insurance process information skills
already held create insurance policies communication, collaboration and creativity

All 19 carried skills, including the 13 the insurance underwriter role treats as required.

Table 3

Table 3 · What you would need to learn

The 33 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 business, administration and law 3 required, 5 supplementary

required, not held real estate underwriting required
required, not held business loans required
required, not held property law required

optional, not held credit control processes optional
optional, not held financial statements optional
optional, not held insurance market optional
optional, not held market analysis optional
optional, not held real estate market optional

02 information skills 2 required, 7 supplementary

required, not held assess financial viability required
required, not held manage financial risk required

optional, not held perform property market research optional
optional, not held compare property values optional
optional, not held conduct financial audits optional
optional, not held ensure proper document management optional
optional, not held examine credit ratings optional
optional, not held interpret financial statements optional
optional, not held prepare financial auditing reports optional

03 communication, collaboration and creativity 1 required, 12 supplementary

required, not held create cooperation modalities required

optional, not held assess customer credibility optional
optional, not held explain financial jargon optional
optional, not held analyse insurance needs optional
optional, not held apply technical communication skills optional
optional, not held communicate with customers optional
optional, not held handle financial disputes optional
optional, not held identify clients' needs optional
optional, not held inform on renting agreements optional
optional, not held manage contract disputes optional
optional, not held manage contracts optional
optional, not held negotiate loan agreements optional
optional, not held review investment portfolios optional

04 management skills 1 required, 1 supplementary

required, not held create a financial plan required

optional, not held develop investment portfolio optional

05 assisting and caring 1 supplementary

optional, not held assist in loan applications optional

Table 4

Table 4 · Where to start

The 3 entries a insurance underwriter 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 19 skills that carry over

Skill Type

already held actuarial science knowledge
already held analyse financial risk skill
already held claims procedures knowledge
already held collect property financial information skill
already held create insurance policies skill
already held decide on insurance applications skill
already held insurance law knowledge
already held modern portfolio theory knowledge
already held obtain financial information skill
already held principles of insurance knowledge
already held provide support in financial calculation skill
already held review insurance process skill
already held types of insurance knowledge
already held analyse insurance risk skill
already held calculate insurance rate skill
already held create underwriting guidelines skill
already held estimate damage skill
already held organise a damage assessment skill
already held synthesise financial information skill

26 supplementary skills, helpful but not required

Skill to acquire Tier

optional, not held assess customer credibility optional
optional, not held explain financial jargon optional
optional, not held perform property market research optional
optional, not held analyse insurance needs optional
optional, not held apply technical communication skills optional
optional, not held assist in loan applications optional
optional, not held communicate with customers optional
optional, not held compare property values optional
optional, not held conduct financial audits optional
optional, not held credit control processes optional
optional, not held develop investment portfolio optional
optional, not held ensure proper document management optional
optional, not held examine credit ratings optional
optional, not held financial statements optional
optional, not held handle financial disputes optional
optional, not held identify clients' needs optional
optional, not held inform on renting agreements optional
optional, not held insurance market optional
optional, not held interpret financial statements optional
optional, not held manage contract disputes optional
optional, not held manage contracts optional
optional, not held market analysis optional
optional, not held negotiate loan agreements optional
optional, not held prepare financial auditing reports optional
optional, not held real estate market optional
optional, not held review investment portfolios optional

13 held skills the insurance underwriter role does not ask for

Skill Type

not needed by the target role advise on risk management skill
not needed by the target role apply statistical analysis techniques 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 risk maps skill
not needed by the target role debt systems knowledge
not needed by the target role perform debt investigation 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 risk identification knowledge
not needed by the target role statistics knowledge
not needed by the target role survey techniques knowledge

8 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 real estate underwriting required
required, not held business loans required
required, not held property law required
optional, not held credit control processes optional
optional, not held financial statements optional
optional, not held insurance market optional
optional, not held market analysis optional
optional, not held real estate market optional

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.