Insurance broker to insurance fraud investigator
An insurance broker already meets 38% of what the insurance fraud investigator role asks for. The move turns on 7 required skills not yet in the profile.
57.7/ 100
1 How much of what an insurance fraud investigator 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 fraud investigator role is recorded as needing, required and optional together. What these numbers mean.
Why this move works
An insurance fraud investigator role treats 6 of its required skills as things an insurance broker already does. You would walk in with these on day one.
- actuarial science
- analyse claim files
- claims procedures
- insurance law
- principles of insurance
- types of insurance
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 · What you already bring
Of the 8 skills that carry over, these are the ones fewest other occupations ask for. An insurance fraud investigator 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 manage claim files information skills
- already held analyse claim files information skills
- already held claims procedures business, administration and law
- already held manage claims process communication, collaboration and creativity
- already held insurance law business, administration and law
- already held principles of insurance business, administration and law
All 8 carried skills, including the 6 the insurance fraud investigator role treats as required.
Table 3 · What you may need to learn
The 18 missing skills fall into 4 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 review insurance process required
- still to learn conduct financial audits required
- still to learn detect financial crime required
- optional, not held classify insurance claims optional
- optional, not held collect property financial information optional
- optional, not held analyse financial risk optional
- optional, not held document evidence optional
- optional, not held obtain financial information optional
- optional, not held perform debt investigation optional
- optional, not held prepare financial auditing reports optional
- optional, not held trace financial transactions optional
- still to learn assess customer credibility required
- still to learn interview insurance claimants required
- still to learn assist police investigations required
- optional, not held interpret law optional
- optional, not held present evidence optional
- still to learn fraud detection required
- optional, not held debt systems optional
Table 4 · Where to start
The 3 entries an insurance fraud investigator role is least likely to hire without. The ordering is computed from the skill data, not from what pays.
- 01 assess customer credibility practise this
- 02 interview insurance claimants practise this
- 03 review insurance process 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 8 skills that carry over
- already held actuarial science knowledge
- already held analyse claim files skill
- already held claims procedures knowledge
- already held insurance law knowledge
- already held principles of insurance knowledge
- already held types of insurance knowledge
- already held manage claim files skill
- already held manage claims process skill
11 supplementary skills, helpful but not required
- optional, not held classify insurance claims optional
- optional, not held collect property financial information optional
- optional, not held analyse financial risk optional
- optional, not held debt systems optional
- optional, not held document evidence optional
- optional, not held interpret law optional
- optional, not held obtain financial information optional
- optional, not held perform debt investigation optional
- optional, not held prepare financial auditing reports optional
- optional, not held present evidence optional
- optional, not held trace financial transactions optional
38 held skills the insurance fraud investigator role does not ask for
- not needed by the target role advise on financial matters skill
- not needed by the target role analyse insurance needs skill
- not needed by the target role analyse insurance risk skill
- not needed by the target role apply statistical analysis techniques skill
- not needed by the target role apply technical communication skills skill
- not needed by the target role build business relationships skill
- not needed by the target role calculate insurance rate skill
- not needed by the target role compare insurance products skill
- not needed by the target role contract law knowledge
- not needed by the target role create cooperation modalities skill
- not needed by the target role create insurance policies skill
- not needed by the target role customer service knowledge
- not needed by the target role decide on insurance applications skill
- 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 identify clients' needs 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 insurance market knowledge
- 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 contract disputes skill
- not needed by the target role manage contracts 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 organise a damage assessment 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 provide cost benefit analysis reports skill
- not needed by the target role sales promotion techniques knowledge
- not needed by the target role sell insurance skill
- not needed by the target role social security law knowledge
- not needed by the target role tax legislation knowledge
- not needed by the target role use data processing techniques skill
2 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 fraud detection required
- optional, not held debt systems optional
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 agency manager 39% covered · substantial
- insurance risk consultant 37% covered · substantial
Common questions about this move
Can an insurance broker become an insurance fraud investigator?
Yes, and it is a substantial move. An insurance broker already covers 38% of what an insurance fraud investigator is expected to do: 8 skills carry over, 6 of which the insurance fraud investigator role treats as required.
What skills does an insurance broker need to become an insurance fraud investigator?
7 required skills are missing, plus 11 optional ones. They fall into 4 areas of the ESCO skill hierarchy, led by information skills. The single most important is assess customer credibility.
How hard is the move from insurance broker to insurance fraud investigator?
Its learning distance is 57.7 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.