Insurance broker to insurance agency manager
An insurance broker already meets 39% of what the insurance agency manager role asks for. The move turns on 21 required skills not yet in the profile.
69.3/ 100
1 How much of what an insurance agency manager is expected to do is already part of an insurance broker’s work. Directional: the figure for the reverse move differs, because moving into a speciality is not the same problem as moving out of one. 2 Every skill the insurance agency manager role is recorded as needing, required and optional together. What these numbers mean.
Why this move works
An insurance agency manager role treats 14 of its required skills as things an insurance broker already does. You would walk in with these on day one.
- advise on financial matters
- apply technical communication skills
- build business relationships
- calculate insurance rate
- claims procedures
- create insurance policies
What stands in the way is 21 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 24 skills that carry over, these are the ones fewest other occupations ask for. An insurance agency manager role needs them, and most people applying for one will not have them already. This is the part of an insurance broker background worth leading with.
- already held sell insurance communication, collaboration and creativity
- already held calculate insurance rate information skills
- already held decide on insurance applications management skills
- already held manage claim files information skills
- already held analyse claim files information skills
- already held create cooperation modalities communication, collaboration and creativity
All 24 carried skills, including the 14 the insurance agency manager role treats as required.
Table 3 · What you may need to learn
The 39 missing skills fall into 5 areas of the ESCO skill hierarchy, numbered in the order worth working in. Areas carrying the most required skills come first, and inside each one the required skills sit above the optional ones. Nothing here is a verdict on you: it is a list of what this particular job asks for that your current one does not.
- still to learn control financial resources required
- still to learn coordinate operational activities required
- still to learn create a financial plan required
- still to learn enforce financial policies required
- still to learn make strategic business decisions required
- still to learn manage staff required
- still to learn strive for company growth required
- optional, not held lead claim examiners optional
- optional, not held coordinate marketing plan actions optional
- optional, not held make investment decisions optional
- optional, not held plan health and safety procedures optional
- optional, not held plan marketing campaigns optional
- optional, not held recruit employees optional
- optional, not held supervise accounting operations optional
- still to learn corporate social responsibility required
- still to learn accounting techniques required
- still to learn business management principles required
- still to learn financial analysis required
- still to learn financial management required
- still to learn financial statements required
- still to learn compile statistical data for insurance purposes required
- still to learn create underwriting guidelines required
- still to learn analyse financial performance of a company required
- still to learn analyse market financial trends required
- optional, not held estimate damage optional
- optional, not held produce materials for decision making optional
- optional, not held review insurance process optional
- optional, not held analyse business plans optional
- optional, not held check accounting records optional
- optional, not held manage financial risk optional
- optional, not held obtain financial information optional
- optional, not held perform market research optional
- optional, not held synthesise financial information optional
- still to learn align efforts towards business development required
- still to learn liaise with managers required
- optional, not held advise on investment optional
- optional, not held represent the organisation optional
- still to learn ensure compliance with company regulations required
- still to learn follow company standards required
Table 4 · Where to start
The 3 entries an insurance agency manager role is least likely to hire without. The ordering is computed from the skill data, not from what pays.
- 01 compile statistical data for insurance purposes practise this
- 02 corporate social responsibility study this
- 03 create underwriting guidelines practise this
Each entry opens a course search for that skill. Career Overlap earns nothing from these links.
Appendix · The rest of the record
All 24 skills that carry over
- already held advise on financial matters skill
- already held apply technical communication skills skill
- already held build business relationships skill
- already held calculate insurance rate skill
- already held claims procedures knowledge
- already held create insurance policies skill
- already held identify clients' needs skill
- already held insurance law knowledge
- already held insurance market knowledge
- already held manage contracts skill
- already held principles of insurance knowledge
- already held provide cost benefit analysis reports skill
- already held tax legislation knowledge
- already held types of insurance knowledge
- already held analyse claim files skill
- already held analyse insurance needs skill
- already held analyse insurance risk skill
- already held contract law knowledge
- already held create cooperation modalities skill
- already held decide on insurance applications skill
- already held manage claim files skill
- already held manage contract disputes skill
- already held organise a damage assessment skill
- already held sell insurance skill
18 supplementary skills, helpful but not required
- optional, not held advise on investment optional
- optional, not held estimate damage optional
- optional, not held lead claim examiners optional
- optional, not held produce materials for decision making optional
- optional, not held review insurance process optional
- optional, not held analyse business plans optional
- optional, not held check accounting records optional
- optional, not held coordinate marketing plan actions optional
- optional, not held make investment decisions optional
- optional, not held manage financial risk optional
- optional, not held obtain financial information optional
- optional, not held perform market research optional
- optional, not held plan health and safety procedures optional
- optional, not held plan marketing campaigns optional
- optional, not held recruit employees optional
- optional, not held represent the organisation optional
- optional, not held supervise accounting operations optional
- optional, not held synthesise financial information optional
22 held skills the insurance agency manager role does not ask for
- not needed by the target role actuarial science knowledge
- not needed by the target role apply statistical analysis techniques skill
- not needed by the target role compare insurance products skill
- not needed by the target role customer service knowledge
- not needed by the target role deliver visual presentation of data skill
- not needed by the target role develop investment portfolio skill
- not needed by the target role file claims with insurance companies skill
- not needed by the target role financial products knowledge
- not needed by the target role handle financial transactions skill
- not needed by the target role inform on insurance products skill
- not needed by the target role initiate claim file skill
- not needed by the target role maintain records of financial transactions skill
- not needed by the target role maintain relationship with customers skill
- not needed by the target role manage claims process skill
- not needed by the target role modern portfolio theory knowledge
- not needed by the target role monitor legislation developments skill
- not needed by the target role promote financial products skill
- not needed by the target role prospect new customers skill
- not needed by the target role protect client interests skill
- not needed by the target role sales promotion techniques knowledge
- not needed by the target role social security law knowledge
- not needed by the target role use data processing techniques skill
6 gaps that are knowledge rather than practice
Knowledge gaps usually close through study. Practical skill gaps usually need something you can point at.
- still to learn corporate social responsibility required
- still to learn accounting techniques required
- still to learn business management principles required
- still to learn financial analysis required
- still to learn financial management required
- still to learn financial statements required
Other moves recorded from insurance broker
- insurance collector 51% covered · moderate
- insurance claims handler 50% covered · moderate
- property insurance underwriter 46% covered · substantial
- insurance rating analyst 40% covered · substantial
- insurance underwriter 40% covered · substantial
- loss adjuster 39% covered · substantial
- insurance fraud investigator 38% covered · substantial
- insurance risk consultant 37% covered · substantial
Common questions about this move
Can an insurance broker become an insurance agency manager?
Yes, and it is a substantial move. An insurance broker already covers 39% of what an insurance agency manager is expected to do: 24 skills carry over, 14 of which the insurance agency manager role treats as required.
What skills does an insurance broker need to become an insurance agency manager?
21 required skills are missing, plus 18 optional ones. They fall into 5 areas of the ESCO skill hierarchy, led by management skills. The single most important is compile statistical data for insurance purposes.
How hard is the move from insurance broker to insurance agency manager?
Its learning distance is 69.3 out of 100, which is the substantial band. That accounts for both how much is missing and how specialised those skills are.
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.