Insurance claims handler to insurance risk consultant
An insurance claims handler already meets 42% of what the insurance risk consultant role asks for. The move turns on 8 required skills not yet in the profile.
56.5/ 100
1 How much of what an insurance risk consultant is expected to do is already part of an insurance claims handler’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 risk consultant role is recorded as needing, required and optional together. What these numbers mean.
Why this move works
An insurance risk consultant role treats 6 of its required skills as things an insurance claims handler already does. You would walk in with these on day one.
- actuarial science
- analyse financial risk
- estimate damage
- insurance law
- principles of insurance
- types of insurance
What stands in the way is 8 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 13 skills that carry over, these are the ones fewest other occupations ask for. An insurance risk consultant role needs them, and most people applying for one will not have them already. This is the part of an insurance claims handler background worth leading with.
- already held decide on insurance applications management skills
- already held claims procedures business, administration and law
- already held review insurance process information skills
- already held estimate damage information skills
- already held organise a damage assessment management skills
- already held insurance law business, administration and law
All 13 carried skills, including the 6 the insurance risk consultant role treats as required.
Table 3 · What you may need to learn
The 19 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 conduct financial surveys required
- still to learn advise on risk management required
- still to learn analyse insurance risk required
- still to learn obtain financial information required
- still to learn perform risk analysis required
- optional, not held calculate insurance rate optional
- optional, not held collect property financial information optional
- optional, not held compile statistical data for insurance purposes optional
- optional, not held create risk maps optional
- optional, not held create underwriting guidelines optional
- optional, not held produce materials for decision making optional
- optional, not held perform debt investigation optional
- optional, not held provide support in financial calculation optional
- still to learn risk identification required
- optional, not held debt systems optional
- optional, not held modern portfolio theory optional
- still to learn prepare survey report required
- optional, not held create insurance policies optional
- still to learn survey techniques required
Table 4 · Where to start
The 3 entries an insurance risk consultant role is least likely to hire without. The ordering is computed from the skill data, not from what pays.
- 01 conduct financial surveys practise this
- 02 advise on risk management practise this
- 03 analyse insurance risk 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 13 skills that carry over
- already held actuarial science knowledge
- already held analyse financial risk skill
- already held estimate damage skill
- already held insurance law knowledge
- already held principles of insurance knowledge
- already held types of insurance knowledge
- already held apply statistical analysis techniques skill
- already held claims procedures knowledge
- already held decide on insurance applications skill
- already held organise a damage assessment skill
- already held review insurance process skill
- already held statistics knowledge
- already held synthesise financial information skill
11 supplementary skills, helpful but not required
- optional, not held calculate insurance rate optional
- optional, not held collect property financial information optional
- optional, not held compile statistical data for insurance purposes optional
- optional, not held create risk maps optional
- optional, not held create underwriting guidelines optional
- optional, not held produce materials for decision making optional
- optional, not held create insurance policies optional
- optional, not held debt systems optional
- optional, not held modern portfolio theory optional
- optional, not held perform debt investigation optional
- optional, not held provide support in financial calculation optional
19 held skills the insurance risk consultant role does not ask for
- not needed by the target role analyse claim files skill
- not needed by the target role apply technical communication skills skill
- not needed by the target role assess coverage possibilities skill
- not needed by the target role calculate compensation payments skill
- not needed by the target role classify insurance claims skill
- not needed by the target role communicate with beneficiaries skill
- not needed by the target role ensure cross-department cooperation skill
- not needed by the target role fraud detection knowledge
- not needed by the target role handle customer complaints skill
- not needed by the target role handle financial disputes skill
- not needed by the target role handle financial transactions skill
- not needed by the target role handle incoming insurance claims skill
- not needed by the target role insurance market knowledge
- not needed by the target role interview insurance claimants skill
- not needed by the target role maintain records of financial transactions 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 provide financial product information skill
- not needed by the target role trace financial transactions skill
4 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 risk identification required
- still to learn survey techniques required
- optional, not held debt systems optional
- optional, not held modern portfolio theory optional
Common questions about this move
Can an insurance claims handler become an insurance risk consultant?
Yes, and it is a substantial move. An insurance claims handler already covers 42% of what an insurance risk consultant is expected to do: 13 skills carry over, 6 of which the insurance risk consultant role treats as required.
What skills does an insurance claims handler need to become an insurance risk consultant?
8 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 conduct financial surveys.
How hard is the move from insurance claims handler to insurance risk consultant?
Its learning distance is 56.5 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.