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

loss adjustertoinsurance underwriter

A loss adjuster already meets 42% of what the insurance underwriter role asks for. The move turns on 9 required skills not yet in the profile.

From loss adjuster
42%
Overlap1
To insurance underwriter
17 Skills carried over
9 Required, not held
62 Difficulty2
Career overlap Partial match

42%

Learning distance Substantial retraining

62/ 100

1 Share of the insurance underwriter role’s weighted skill requirement already met by the loss adjuster 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 insurance underwriter role treats 11 of its required skills as things a loss adjuster already does. These are the ones it depends on most.

  • actuarial science
  • analyse financial risk
  • claims procedures
  • collect property financial information
  • create a financial plan
  • create cooperation modalities

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

Table 2 · What you already bring

Of the 17 skills that carry over, these are the ones fewest other occupations ask for. A insurance underwriter role needs them, and most people applying for one will not have them already. This is the part of a loss adjuster background worth leading with.

Skill the target role also needs Area
  • already held create cooperation modalities communication, collaboration and creativity
  • already held assess customer credibility communication, collaboration and creativity
  • 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

All 17 carried skills, including the 11 the insurance underwriter role treats as required.

Table 3

Table 3 · What you would need to learn

The 35 missing skills fall into 5 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 business, administration and law 4 required, 5 supplementary
  • required, not held real estate underwriting required
  • required, not held business loans required
  • required, not held modern portfolio theory required
  • required, not held property law required
  • optional, not held credit control processes optional
  • optional, not held financial statements optional
  • optional, not held insurance market optional
  • optional, not held market analysis optional
  • optional, not held real estate market optional
02 information skills 3 required, 9 supplementary
  • required, not held assess financial viability required
  • required, not held manage financial risk required
  • required, not held provide support in financial calculation required
  • optional, not held calculate insurance rate optional
  • optional, not held create underwriting guidelines optional
  • optional, not held perform property market research optional
  • optional, not held analyse insurance risk optional
  • optional, not held compare property values optional
  • optional, not held ensure proper document management optional
  • optional, not held examine credit ratings optional
  • optional, not held interpret financial statements optional
  • optional, not held synthesise financial information optional
03 communication, collaboration and creativity 1 required, 10 supplementary
  • required, not held create insurance policies required
  • optional, not held explain financial jargon optional
  • optional, not held analyse insurance needs optional
  • optional, not held apply technical communication skills optional
  • optional, not held communicate with customers optional
  • optional, not held handle financial disputes optional
  • optional, not held identify clients' needs optional
  • optional, not held inform on renting agreements optional
  • optional, not held manage contracts optional
  • optional, not held negotiate loan agreements optional
  • optional, not held review investment portfolios optional
04 management skills 1 required, 1 supplementary
  • required, not held decide on insurance applications required
  • optional, not held develop investment portfolio optional
05 assisting and caring 1 supplementary
  • optional, not held assist in loan applications optional
Table 4

Table 4 · Where to start

The 3 entries a insurance underwriter 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 17 skills that carry over
Skill Type
  • already held actuarial science knowledge
  • already held analyse financial risk skill
  • already held claims procedures knowledge
  • already held collect property financial information skill
  • already held create a financial plan skill
  • already held create cooperation modalities skill
  • already held insurance law knowledge
  • already held obtain financial information skill
  • already held principles of insurance knowledge
  • already held review insurance process skill
  • already held types of insurance knowledge
  • already held assess customer credibility skill
  • already held conduct financial audits skill
  • already held estimate damage skill
  • already held manage contract disputes skill
  • already held organise a damage assessment skill
  • already held prepare financial auditing reports skill
26 supplementary skills, helpful but not required
Skill to acquire Tier
  • optional, not held calculate insurance rate optional
  • optional, not held create underwriting guidelines optional
  • optional, not held explain financial jargon optional
  • optional, not held perform property market research optional
  • optional, not held analyse insurance needs optional
  • optional, not held analyse insurance risk optional
  • optional, not held apply technical communication skills optional
  • optional, not held assist in loan applications optional
  • optional, not held communicate with customers optional
  • optional, not held compare property values optional
  • optional, not held credit control processes optional
  • optional, not held develop investment portfolio optional
  • optional, not held ensure proper document management optional
  • optional, not held examine credit ratings optional
  • optional, not held financial statements optional
  • optional, not held handle financial disputes optional
  • optional, not held identify clients' needs optional
  • optional, not held inform on renting agreements optional
  • optional, not held insurance market optional
  • optional, not held interpret financial statements optional
  • optional, not held manage contracts optional
  • optional, not held market analysis optional
  • optional, not held negotiate loan agreements optional
  • optional, not held real estate market optional
  • optional, not held review investment portfolios optional
  • optional, not held synthesise financial information optional
22 held skills the insurance underwriter role does not ask for
Skill Type
  • not needed by the target role advise on insurance policies skill
  • not needed by the target role analyse claim files skill
  • not needed by the target role assess coverage possibilities skill
  • not needed by the target role check for damaged items skill
  • not needed by the target role classify insurance claims skill
  • not needed by the target role compile appraisal reports skill
  • not needed by the target role determine cause of damage skill
  • not needed by the target role document evidence 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 incoming insurance claims skill
  • not needed by the target role identify damage to buildings skill
  • not needed by the target role initiate claim file skill
  • not needed by the target role interview insurance claimants skill
  • not needed by the target role investigate occupational injuries skill
  • not needed by the target role listen to the stories of the disputants 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 negotiate settlements skill
  • not needed by the target role present evidence skill
  • not needed by the target role propose settlements skill
  • not needed by the target role provide information on properties 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 real estate underwriting required
  • required, not held business loans required
  • required, not held modern portfolio theory required
  • required, not held property law required
  • optional, not held credit control processes optional
  • optional, not held financial statements optional
  • optional, not held insurance market optional
  • optional, not held market analysis optional
  • optional, not held real estate market optional
Index

Other moves recorded from loss adjuster

Full index of moves from loss adjuster

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.