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

insurance brokertosecurities broker

A insurance broker already meets 32% of what the securities broker role asks for. The move turns on 13 required skills not yet in the profile.

From insurance broker
32%
Overlap1
To securities broker
10 Skills carried over
13 Required, not held
65.6 Difficulty2
Career overlap Distant match

32%

Learning distance Substantial retraining

65.6/ 100

1 Share of the securities broker 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 securities broker role treats 7 of its required skills as things a insurance broker already does. These are the ones it depends on most.

  • actuarial science
  • advise on financial matters
  • apply technical communication skills
  • financial products
  • handle financial transactions
  • maintain records of financial transactions

What stands in the way is 13 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 10 skills that carry over, these are the ones fewest other occupations ask for. A securities broker 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 modern portfolio theory business, administration and law
  • already held maintain records of financial transactions information skills
  • already held protect client interests communication, collaboration and creativity
  • already held actuarial science natural sciences, mathematics and statistics
  • already held financial products business, administration and law
  • already held tax legislation business, administration and law

All 10 carried skills, including the 7 the securities broker role treats as required.

Table 3

Table 3 · What you would need to learn

The 24 missing skills fall into 7 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 5 required, 3 supplementary
  • required, not held analyse financial risk required
  • required, not held analyse market financial trends required
  • required, not held assess risks of clients' assets required
  • required, not held forecast economic trends required
  • required, not held obtain financial information required
  • optional, not held perform stock valuation optional
  • optional, not held provide support in financial calculation optional
  • optional, not held trace financial transactions optional
02 business, administration and law 4 required, 2 supplementary
  • required, not held financial jurisdiction required
  • required, not held financial markets required
  • required, not held securities required
  • required, not held stock market required
  • optional, not held accounting optional
  • optional, not held banking activities optional
03 communication, collaboration and creativity 2 required, 3 supplementary
  • required, not held review investment portfolios required
  • required, not held trade securities required
  • optional, not held communicate with banking professionals optional
  • optional, not held communicate with customers optional
  • optional, not held provide financial product information optional
04 management skills 1 required, 1 supplementary
  • required, not held create a financial plan required
  • optional, not held operate financial instruments optional
05 social sciences, journalism and information 1 required
  • required, not held economics required
06 engineering, manufacturing and construction 1 supplementary
  • optional, not held electronic communication optional

1 further area in the appendix

Table 4

Table 4 · Where to start

The 3 entries a securities broker 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 10 skills that carry over
Skill Type
  • already held actuarial science knowledge
  • already held advise on financial matters skill
  • already held apply technical communication skills skill
  • already held financial products knowledge
  • already held handle financial transactions skill
  • already held maintain records of financial transactions skill
  • already held protect client interests skill
  • already held build business relationships skill
  • already held modern portfolio theory knowledge
  • already held tax legislation knowledge
The 1 learning area not shown above
Skill to acquire Tier
07 natural sciences, mathematics and statistics 1 supplementary
  • optional, not held statistics optional
11 supplementary skills, helpful but not required
Skill to acquire Tier
  • optional, not held accounting optional
  • optional, not held banking activities optional
  • optional, not held communicate with banking professionals optional
  • optional, not held communicate with customers optional
  • optional, not held electronic communication optional
  • optional, not held operate financial instruments optional
  • optional, not held perform stock valuation optional
  • optional, not held provide financial product information optional
  • optional, not held provide support in financial calculation optional
  • optional, not held statistics optional
  • optional, not held trace financial transactions optional
36 held skills the securities broker role does not ask for
Skill Type
  • not needed by the target role analyse claim files 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 calculate insurance rate skill
  • not needed by the target role claims procedures knowledge
  • 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 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 law knowledge
  • not needed by the target role insurance market knowledge
  • 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 manage contract disputes skill
  • not needed by the target role manage contracts skill
  • 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 principles of insurance knowledge
  • 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 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 types of insurance knowledge
  • not needed by the target role use data processing techniques skill
9 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 economics required
  • required, not held financial jurisdiction required
  • required, not held financial markets required
  • required, not held securities required
  • required, not held stock market required
  • optional, not held accounting optional
  • optional, not held banking activities optional
  • optional, not held electronic communication optional
  • optional, not held statistics 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.