Insurance product manager to insurance claims manager
An insurance product manager already meets 59% of what the insurance claims manager role asks for. The move turns on 9 required skills not yet in the profile.
47.7/ 100
1 How much of what an insurance claims manager is expected to do is already part of an insurance product manager’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 claims manager role is recorded as needing, required and optional together. What these numbers mean.
Why this move works
An insurance claims manager role treats 14 of its required skills as things an insurance product manager already does. You would walk in with these on day one.
- advise on financial matters
- analyse market financial trends
- corporate social responsibility
- enforce financial policies
- financial analysis
- financial management
What stands in the way is 9 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 23 skills that carry over, these are the ones fewest other occupations ask for. An insurance claims manager role needs them, and most people applying for one will not have them already. This is the part of an insurance product manager background worth leading with.
- already held create insurance policies communication, collaboration and creativity
- already held insurance market business, administration and law
- already held insurance law business, administration and law
- already held principles of insurance business, administration and law
- already held types of insurance business, administration and law
- already held enforce financial policies management skills
All 23 carried skills, including the 14 the insurance claims manager role treats as required.
Table 3 · What you may need to learn
The 18 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 manage claim files required
- still to learn review insurance process required
- still to learn conduct financial audits required
- still to learn prepare financial auditing reports required
- optional, not held analyse claim files optional
- optional, not held estimate damage optional
- optional, not held initiate claim file optional
- optional, not held analyse insurance risk optional
- still to learn handle incoming insurance claims required
- still to learn manage claims process required
- optional, not held assess customer credibility optional
- optional, not held apply technical communication skills optional
- optional, not held handle customer complaints optional
- optional, not held handle financial disputes optional
- optional, not held manage contract disputes optional
- still to learn lead claim examiners required
- still to learn organise a damage assessment required
- still to learn fraud detection required
Table 4 · Where to start
The 3 entries an insurance claims manager role is least likely to hire without. The ordering is computed from the skill data, not from what pays.
- 01 handle incoming insurance claims practise this
- 02 lead claim examiners practise this
- 03 manage claim files 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 23 skills that carry over
- already held advise on financial matters skill
- already held analyse market financial trends skill
- already held corporate social responsibility knowledge
- already held enforce financial policies skill
- already held financial analysis knowledge
- already held financial management knowledge
- already held financial statements knowledge
- already held follow company standards skill
- already held insurance law knowledge
- already held liaise with managers skill
- already held manage staff skill
- already held principles of insurance knowledge
- already held strive for company growth skill
- already held types of insurance knowledge
- already held analyse financial performance of a company skill
- already held analyse financial risk skill
- already held create a financial plan skill
- already held create insurance policies skill
- already held ensure cross-department cooperation skill
- already held insurance market knowledge
- already held manage financial risk skill
- already held plan health and safety procedures skill
- already held recruit employees skill
9 supplementary skills, helpful but not required
- optional, not held analyse claim files optional
- optional, not held assess customer credibility optional
- optional, not held estimate damage optional
- optional, not held initiate claim file optional
- optional, not held analyse insurance risk optional
- optional, not held apply technical communication skills optional
- optional, not held handle customer complaints optional
- optional, not held handle financial disputes optional
- optional, not held manage contract disputes optional
16 held skills the insurance claims manager role does not ask for
- not needed by the target role create cooperation modalities skill
- not needed by the target role deliver a sales pitch skill
- not needed by the target role develop financial products skill
- not needed by the target role develop investment portfolio skill
- not needed by the target role financial products knowledge
- not needed by the target role marketing management knowledge
- not needed by the target role modern portfolio theory knowledge
- not needed by the target role obtain financial information skill
- not needed by the target role perform market research skill
- not needed by the target role plan marketing campaigns skill
- not needed by the target role promote financial products skill
- not needed by the target role review investment portfolios skill
- not needed by the target role sales strategies knowledge
- not needed by the target role sell insurance skill
- not needed by the target role statistics knowledge
- not needed by the target role supervise sales activities 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.
- still to learn fraud detection required
Common questions about this move
Can an insurance product manager become an insurance claims manager?
Yes, and it is a moderate move. An insurance product manager already covers 59% of what an insurance claims manager is expected to do: 23 skills carry over, 14 of which the insurance claims manager role treats as required.
What skills does an insurance product manager need to become an insurance claims manager?
9 required skills are missing, plus 9 optional ones. They fall into 4 areas of the ESCO skill hierarchy, led by information skills. The single most important is handle incoming insurance claims.
How hard is the move from insurance product manager to insurance claims manager?
Its learning distance is 47.7 out of 100, which is the moderate 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.