insurance underwritertoinsurance risk consultant
A insurance underwriter already meets 58% of what the insurance risk consultant role asks for. The move turns on 6 required skills not yet in the profile.
58%
41.8/ 100
1 Share of the insurance risk consultant role’s weighted skill requirement already met by the insurance underwriter 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 this move works
A insurance risk consultant role treats 8 of its required skills as things a insurance underwriter already does. These are the ones it depends on most.
- actuarial science
- analyse financial risk
- analyse insurance risk
- estimate damage
- 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 · What you already bring
Of the 19 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 underwriter background worth leading with.
- already held calculate insurance rate information skills
- already held create underwriting guidelines information skills
- already held decide on insurance applications management 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 8 the insurance risk consultant role treats as required.
Table 3 · What you would need to learn
The 13 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.
- required, not held conduct financial surveys required
- required, not held advise on risk management required
- required, not held perform risk analysis required
- 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 apply statistical analysis techniques optional
- optional, not held perform debt investigation optional
- required, not held risk identification required
- optional, not held debt systems optional
- required, not held survey techniques required
- optional, not held statistics optional
- required, not held prepare survey report required
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.
- 01 conduct financial surveys skill · sector specific
- 02 advise on risk management skill · cross sector
- 03 perform risk analysis skill · cross sector
Each entry opens a course search for that skill. Career Overlap earns nothing from these links.
Appendix · The rest of the record
All 19 skills that carry over
- already held actuarial science knowledge
- already held analyse financial risk skill
- already held analyse insurance risk skill
- already held estimate damage 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 calculate insurance rate skill
- already held claims procedures knowledge
- already held collect property financial information skill
- already held create insurance policies skill
- already held create underwriting guidelines skill
- already held decide on insurance applications skill
- already held modern portfolio theory knowledge
- already held organise a damage assessment skill
- already held provide support in financial calculation skill
- already held review insurance process skill
- already held synthesise financial information skill
7 supplementary skills, helpful but not required
- 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 apply statistical analysis techniques optional
- optional, not held debt systems optional
- optional, not held perform debt investigation optional
- optional, not held statistics optional
33 held skills the insurance risk consultant role does not ask for
- not needed by the target role analyse insurance needs skill
- not needed by the target role apply technical communication skills skill
- not needed by the target role assess customer credibility skill
- not needed by the target role assess financial viability skill
- not needed by the target role assist in loan applications skill
- not needed by the target role business loans knowledge
- not needed by the target role communicate with customers skill
- not needed by the target role compare property values skill
- not needed by the target role conduct financial audits skill
- not needed by the target role create a financial plan skill
- not needed by the target role create cooperation modalities skill
- not needed by the target role credit control processes knowledge
- not needed by the target role develop investment portfolio skill
- not needed by the target role ensure proper document management skill
- not needed by the target role examine credit ratings skill
- not needed by the target role explain financial jargon skill
- not needed by the target role financial statements knowledge
- not needed by the target role handle financial disputes skill
- not needed by the target role identify clients' needs skill
- not needed by the target role inform on renting agreements skill
- not needed by the target role insurance market knowledge
- not needed by the target role interpret financial statements 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 manage financial risk skill
- not needed by the target role market analysis knowledge
- not needed by the target role negotiate loan agreements skill
- not needed by the target role perform property market research skill
- not needed by the target role prepare financial auditing reports skill
- not needed by the target role property law knowledge
- not needed by the target role real estate market knowledge
- not needed by the target role real estate underwriting knowledge
- not needed by the target role review investment portfolios skill
4 gaps that are knowledge rather than practice
Knowledge gaps usually close through study. Practical skill gaps usually need something you can point at.
- required, not held risk identification required
- required, not held survey techniques required
- optional, not held debt systems optional
- optional, not held statistics optional
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.