Insurance broker to loss adjuster
An insurance broker already meets 39% of what the loss adjuster role asks for. The move turns on 11 required skills not yet in the profile.
64.6/ 100
1 How much of what a loss adjuster 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 loss adjuster role is recorded as needing, required and optional together. What these numbers mean.
Why this move works
A loss adjuster role treats 10 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
- initiate claim file
- insurance law
- manage claim files
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 · What you already bring
Of the 12 skills that carry over, these are the ones fewest other occupations ask for. A loss adjuster 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 initiate claim file information skills
- already held manage claim files information skills
- already held analyse claim files information skills
- already held create cooperation modalities communication, collaboration and creativity
- already held claims procedures business, administration and law
- already held organise a damage assessment management skills
All 12 carried skills, including the 10 the loss adjuster role treats as required.
Table 3 · What you may need to learn
The 27 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 assess coverage possibilities required
- still to learn estimate damage required
- still to learn review insurance process required
- still to learn check for damaged items required
- still to learn compile appraisal reports required
- still to learn document evidence 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 conduct financial audits optional
- optional, not held determine cause of damage optional
- optional, not held identify damage to buildings optional
- optional, not held investigate occupational injuries optional
- optional, not held obtain financial information optional
- optional, not held prepare financial auditing reports optional
- still to learn propose settlements required
- still to learn handle incoming insurance claims required
- still to learn interview insurance claimants required
- still to learn negotiate settlements required
- still to learn present evidence required
- optional, not held advise on insurance policies optional
- optional, not held assess customer credibility optional
- optional, not held ensure cross-department cooperation optional
- optional, not held listen to the stories of the disputants optional
- optional, not held provide information on properties optional
- optional, not held create a financial plan optional
- optional, not held fraud detection optional
Table 4 · Where to start
The 3 entries a loss adjuster role is least likely to hire without. The ordering is computed from the skill data, not from what pays.
- 01 propose settlements practise this
- 02 assess coverage possibilities practise this
- 03 estimate damage 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 12 skills that carry over
- already held actuarial science knowledge
- already held analyse claim files skill
- already held claims procedures knowledge
- already held initiate claim file skill
- already held insurance law knowledge
- already held manage claim files skill
- already held manage claims process skill
- already held organise a damage assessment skill
- already held principles of insurance knowledge
- already held types of insurance knowledge
- already held create cooperation modalities skill
- already held manage contract disputes skill
16 supplementary skills, helpful but not required
- optional, not held advise on insurance policies optional
- optional, not held assess customer credibility optional
- 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 conduct financial audits optional
- optional, not held create a financial plan optional
- optional, not held determine cause of damage optional
- optional, not held ensure cross-department cooperation optional
- optional, not held fraud detection optional
- optional, not held identify damage to buildings optional
- optional, not held investigate occupational injuries optional
- optional, not held listen to the stories of the disputants optional
- optional, not held obtain financial information optional
- optional, not held prepare financial auditing reports optional
- optional, not held provide information on properties optional
34 held skills the loss adjuster 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 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 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 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 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
1 gaps that are knowledge rather than practice
Knowledge gaps usually close through study. Practical skill gaps usually need something you can point at.
- optional, not held fraud detection 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
- insurance agency manager 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 a loss adjuster?
Yes, and it is a substantial move. An insurance broker already covers 39% of what a loss adjuster is expected to do: 12 skills carry over, 10 of which the loss adjuster role treats as required.
What skills does an insurance broker need to become a loss adjuster?
11 required skills are missing, plus 16 optional ones. They fall into 4 areas of the ESCO skill hierarchy, led by information skills. The single most important is propose settlements.
How hard is the move from insurance broker to loss adjuster?
Its learning distance is 64.6 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.