Insurance fraud investigator to insurance risk consultant
An insurance fraud investigator already meets 38% of what the insurance risk consultant role asks for. The move turns on 8 required skills not yet in the profile.
59.7/ 100
1 How much of what an insurance risk consultant is expected to do is already part of an insurance fraud investigator’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 fraud investigator already does. You would walk in with these on day one.
- actuarial science
- analyse financial risk
- insurance law
- obtain financial information
- 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 11 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 fraud investigator background worth leading with.
- already held claims procedures business, administration and law
- already held review insurance process information skills
- already held perform debt investigation information skills
- already held insurance law business, administration and law
- already held collect property financial information information skills
- already held debt systems business, administration and law
All 11 carried skills, including the 6 the insurance risk consultant role treats as required.
Table 3 · What you may need to learn
The 21 missing skills fall into 5 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 estimate damage required
- still to learn advise on risk management required
- still to learn analyse insurance risk required
- still to learn perform risk analysis required
- optional, not held calculate insurance rate 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 apply statistical analysis techniques optional
- optional, not held provide support in financial calculation optional
- optional, not held synthesise financial information optional
- still to learn risk identification required
- 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
- optional, not held statistics optional
- optional, not held decide on insurance applications optional
- optional, not held organise a damage assessment optional
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 estimate damage practise this
- 03 advise on risk management 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 11 skills that carry over
- already held actuarial science knowledge
- already held analyse financial risk skill
- already held insurance law knowledge
- already held obtain financial information skill
- already held principles of insurance knowledge
- already held types of insurance knowledge
- already held claims procedures knowledge
- already held collect property financial information skill
- already held debt systems knowledge
- already held perform debt investigation skill
- already held review insurance process skill
13 supplementary skills, helpful but not required
- optional, not held calculate insurance rate 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 decide on insurance applications optional
- optional, not held produce materials for decision making optional
- optional, not held apply statistical analysis techniques optional
- optional, not held create insurance policies optional
- optional, not held modern portfolio theory optional
- optional, not held organise a damage assessment optional
- optional, not held provide support in financial calculation optional
- optional, not held statistics optional
- optional, not held synthesise financial information optional
15 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 assess customer credibility skill
- not needed by the target role assist police investigations skill
- not needed by the target role classify insurance claims skill
- not needed by the target role conduct financial audits skill
- not needed by the target role detect financial crime skill
- not needed by the target role document evidence skill
- not needed by the target role fraud detection knowledge
- not needed by the target role interpret law skill
- not needed by the target role interview insurance claimants 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 prepare financial auditing reports skill
- not needed by the target role present evidence 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 modern portfolio theory optional
- optional, not held statistics optional
Common questions about this move
Can an insurance fraud investigator become an insurance risk consultant?
Yes, and it is a substantial move. An insurance fraud investigator already covers 38% of what an insurance risk consultant is expected to do: 11 skills carry over, 6 of which the insurance risk consultant role treats as required.
What skills does an insurance fraud investigator need to become an insurance risk consultant?
8 required skills are missing, plus 13 optional ones. They fall into 5 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 fraud investigator to insurance risk consultant?
Its learning distance is 59.7 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.