Career Overlap Transition record Edition 1 · ESCO v1.2.1
Table 1Transition record

insurance brokertoinsurance underwriter

A insurance broker already meets 40% of what the insurance underwriter role asks for. The move turns on 11 required skills not yet in the profile.

From insurance broker
40%
Overlap1
To insurance underwriter
19 Skills carried over
11 Required, not held
64 Difficulty2
Career overlap Partial match

40%

Learning distance Substantial retraining

64/ 100

1 Share of the insurance underwriter role’s weighted skill requirement already met by the insurance broker 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 9 of its required skills as things a insurance broker already does. These are the ones it depends on most.

  • actuarial science
  • claims procedures
  • create cooperation modalities
  • create insurance policies
  • decide on insurance applications
  • insurance law

What stands in the way is 11 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 broker 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 cooperation modalities communication, collaboration and creativity
  • already held claims procedures business, administration and law
  • already held create insurance policies communication, collaboration and creativity
  • already held analyse insurance needs communication, collaboration and creativity

All 19 carried skills, including the 9 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 information skills 7 required, 10 supplementary
  • required, not held collect property financial information required
  • required, not held review insurance process required
  • required, not held analyse financial risk required
  • required, not held assess financial viability required
  • required, not held manage financial risk required
  • required, not held obtain financial information required
  • required, not held provide support in financial calculation required
  • optional, not held create underwriting guidelines optional
  • optional, not held estimate damage optional
  • 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
  • optional, not held synthesise financial information optional
02 business, administration and law 3 required, 4 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 market analysis optional
  • optional, not held real estate market optional
03 management skills 1 required
  • required, not held create a financial plan required
04 communication, collaboration and creativity 7 supplementary
  • optional, not held assess customer credibility optional
  • optional, not held explain financial jargon optional
  • optional, not held communicate with customers optional
  • optional, not held handle financial disputes optional
  • optional, not held inform on renting agreements optional
  • optional, not held negotiate loan agreements optional
  • optional, not held review investment portfolios 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 claims procedures knowledge
  • already held create cooperation modalities 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 principles of insurance knowledge
  • already held types of insurance knowledge
  • already held analyse insurance needs skill
  • already held analyse insurance risk skill
  • already held apply technical communication skills skill
  • already held calculate insurance rate skill
  • already held develop investment portfolio skill
  • already held identify clients' needs skill
  • already held insurance market knowledge
  • already held manage contract disputes skill
  • already held manage contracts skill
  • already held organise a damage assessment skill
22 supplementary skills, helpful but not required
Skill to acquire Tier
  • optional, not held assess customer credibility optional
  • optional, not held create underwriting guidelines optional
  • optional, not held estimate damage optional
  • optional, not held explain financial jargon optional
  • optional, not held perform property market research 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 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 inform on renting agreements optional
  • optional, not held interpret financial statements 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
  • optional, not held synthesise financial information optional
27 held skills the insurance underwriter role does not ask for
Skill Type
  • not needed by the target role advise on financial matters skill
  • not needed by the target role analyse claim files skill
  • not needed by the target role apply statistical analysis techniques skill
  • not needed by the target role build business relationships 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 customer service knowledge
  • not needed by the target role deliver visual presentation of data 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 claim files skill
  • not needed by the target role manage claims process skill
  • 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 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
7 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 market analysis optional
  • optional, not held real estate market optional
Index

Other moves recorded from insurance broker

Full index of moves from insurance broker

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.