Insurance risk consultant to actuarial assistant
An insurance risk consultant already meets 57% of what the actuarial assistant role asks for. The move turns on 4 required skills not yet in the profile.
39/ 100
1 How much of what an actuarial assistant is expected to do is already part of an insurance risk consultant’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 actuarial assistant role is recorded as needing, required and optional together. What these numbers mean.
Why this move works
An actuarial assistant role treats 6 of its required skills as things an insurance risk consultant already does. You would walk in with these on day one.
- actuarial science
- apply statistical analysis techniques
- calculate insurance rate
- compile statistical data for insurance purposes
- obtain financial information
- statistics
What stands in the way is 4 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 actuarial assistant role needs them, and most people applying for one will not have them already. This is the part of an insurance risk consultant background worth leading with.
- already held compile statistical data for insurance purposes information skills
- already held calculate insurance rate information skills
- already held create insurance policies communication, collaboration and creativity
- already held analyse insurance risk information skills
- already held insurance law business, administration and law
- already held principles of insurance business, administration and law
All 13 carried skills, including the 6 the actuarial assistant role treats as required.
Table 3 · What you may need to learn
The 11 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 analyse market financial trends required
- still to learn carry out statistical forecasts required
- optional, not held consult credit score optional
- optional, not held examine credit ratings optional
- optional, not held produce statistical financial records optional
- optional, not held provide cost benefit analysis reports optional
- still to learn financial markets required
- optional, not held insurance market optional
- optional, not held risk management optional
- still to learn statistical analysis system software required
- optional, not held advise on insurance policies optional
Table 4 · Where to start
The 3 entries an actuarial assistant role is least likely to hire without. The ordering is computed from the skill data, not from what pays.
- 01 analyse market financial trends practise this
- 02 carry out statistical forecasts practise this
- 03 financial markets study 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 apply statistical analysis techniques skill
- already held calculate insurance rate skill
- already held compile statistical data for insurance purposes skill
- already held obtain financial information skill
- already held statistics knowledge
- already held analyse financial risk skill
- already held analyse insurance risk skill
- already held create insurance policies skill
- already held insurance law knowledge
- already held perform risk analysis skill
- already held principles of insurance knowledge
- already held types of insurance knowledge
7 supplementary skills, helpful but not required
- optional, not held advise on insurance policies optional
- optional, not held consult credit score optional
- optional, not held examine credit ratings optional
- optional, not held insurance market optional
- optional, not held produce statistical financial records optional
- optional, not held provide cost benefit analysis reports optional
- optional, not held risk management optional
19 held skills the actuarial assistant role does not ask for
- not needed by the target role advise on risk management skill
- not needed by the target role claims procedures knowledge
- not needed by the target role collect property financial information skill
- not needed by the target role conduct financial surveys skill
- not needed by the target role create risk maps skill
- not needed by the target role create underwriting guidelines skill
- not needed by the target role debt systems knowledge
- not needed by the target role decide on insurance applications skill
- not needed by the target role estimate damage skill
- not needed by the target role modern portfolio theory knowledge
- not needed by the target role organise a damage assessment skill
- not needed by the target role perform debt investigation skill
- not needed by the target role prepare survey report skill
- not needed by the target role produce materials for decision making skill
- not needed by the target role provide support in financial calculation skill
- not needed by the target role review insurance process skill
- not needed by the target role risk identification knowledge
- not needed by the target role survey techniques knowledge
- not needed by the target role synthesise financial information 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 financial markets required
- still to learn statistical analysis system software required
- optional, not held insurance market optional
- optional, not held risk management optional
Common questions about this move
Can an insurance risk consultant become an actuarial assistant?
Yes, and it is a moderate move. An insurance risk consultant already covers 57% of what an actuarial assistant is expected to do: 13 skills carry over, 6 of which the actuarial assistant role treats as required.
What skills does an insurance risk consultant need to become an actuarial assistant?
4 required skills are missing, plus 7 optional ones. They fall into 4 areas of the ESCO skill hierarchy, led by information skills. The single most important is analyse market financial trends.
How hard is the move from insurance risk consultant to actuarial assistant?
Its learning distance is 39 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.