Table 1Transition record

actuarial consultanttoinsurance risk consultant

A actuarial consultant already meets 55% of what the insurance risk consultant role asks for. The move turns on 5 required skills not yet in the profile.

From actuarial consultant

55%

Overlap1

To insurance risk consultant

15 Skills carried over

5 Required, not held

46.6 Difficulty2

Career overlap Partial match

55%

Learning distance Real move, short list to learn

46.6/ 100

adjacentmoderatesubstantialcareer change

1 Share of the insurance risk consultant role’s weighted skill requirement already met by the actuarial 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 risk consultant role treats 9 of its required skills as things a actuarial consultant 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 5 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 15 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 actuarial consultant background worth leading with.

Skill the target role also needs Area

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
already held types of insurance business, administration and law
already held modern portfolio theory business, administration and law

All 15 carried skills, including the 9 the insurance risk consultant 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 2 required, 8 supplementary

required, not held conduct financial surveys required
required, not held estimate damage 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 create underwriting guidelines optional
optional, not held produce materials for decision making optional
optional, not held review insurance process optional
optional, not held perform debt investigation 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 15 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 perform risk analysis skill
already held principles of insurance knowledge
already held types of insurance knowledge
already held apply statistical analysis techniques skill
already held debt systems knowledge
already held modern portfolio theory knowledge
already held provide support in financial calculation 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 create underwriting guidelines 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 create insurance policies optional
optional, not held organise a damage assessment optional
optional, not held perform debt investigation optional

20 held skills the insurance risk consultant role does not ask for

Skill Type

not needed by the target role Monte Carlo simulation knowledge
not needed by the target role advise on financial matters skill
not needed by the target role analyse loans skill
not needed by the target role analyse market financial trends skill
not needed by the target role banking activities knowledge
not needed by the target role business loans knowledge
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 a financial plan 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 empirical analysis knowledge
not needed by the target role examine credit ratings skill
not needed by the target role financial products knowledge
not needed by the target role insurance market knowledge
not needed by the target role produce statistical financial records skill
not needed by the target role provide cost benefit analysis reports skill
not needed by the target role quantitative analysis knowledge
not needed by the target role review investment portfolios skill
not needed by the target role types of pensions knowledge

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 actuarial consultant

Full index of moves from actuarial 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.