Profession insurance risk consultant

Insurance risk consultants prepare reports for insurance underwriters. For this purpose, they undertake surveys in order to determine the potential financial risk for personal products, properties or sites.

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Personality Type

  • Conventional / Enterprising
  • Enterprising / Conventional

Knowledge

  • Survey techniques

    Techniques on how to identify a target audience, choose the right survey method and analyse the data.

  • Types of insurance

    The various types of risk or loss transfer policies that exist and their characteristics, such as health insurance, car insurance or life insurance.

  • Actuarial science

    The rules of applying mathematical and statistical techniques to determine potential or existing risks in various industries, such as finance or insurance.

  • Insurance law

    The law and legislation concerning the policies of transferring risks or losses from one party, the insured, to another, the insurer, in exchange for a periodic payment. This includes the regulation of insurance claims and the business of insurance.

  • Principles of insurance

    Understand the principles of insurance, including third party liability, stock and facilities.

Skills

  • Obtain financial information

    Gather information on securities, market conditions, governmental regulations and the financial situation, goals and needs of clients or companies.

  • Advise on risk management

    Provide advice on risk management policies and prevention strategies and their implementation, being aware of different kinds of risks to a specific organisation.

  • Analyse insurance risk

    Analyse the probability and size of the risk that is to be insured, and estimate the value of movable or immovable property of the client.

  • Prepare survey report

    Gather the analysed data from the survey and write a detailed report on the outcome of the survey.

  • Perform risk analysis

    Identify and assess factors that may jeopardise the success of a project or threaten the organisation's functioning. Implement procedures to avoid or minimise their impact.

  • Analyse financial risk

    Identify and analyse risks that could impact an organisation or individual financially, such as credit and market risks, and propose solutions to cover against those risks.

  • Estimate damage

    Estimate damage in case of accidents or natural disasters.

  • Conduct financial surveys

    Conduct the procedures of a financial survey from the initial formulation and compilation of the questions, identifying the target audience, managing the survey method and operations, managing the processing of acquired data, to analysing the results.

Optional knowledge and skills

provide support in financial calculation claims procedures create underwriting guidelines create risk maps modern portfolio theory produce materials for decision making organise a damage assessment collect property financial information decide on insurance applications statistics create insurance policies synthesise financial information calculate insurance rate debt systems compile statistical data for insurance purposes review insurance process apply statistical analysis techniques perform debt investigation

Common job titles

  • Sales consultant trainee - south region
  • Loss control consultant
  • Loss conrol consultant
  • Property & casualty claims insurance sr. managing consultant
  • Sr associate, client services
  • Loss control (risk management consultant i)
  • Risk control consultant
  • Associate, client services
  • Associate principal consultant - client solutioning
  • Consultant, erm risk mgmt