The table below looks at the statistics for Solvency II skills in IT contracts advertised for the City of London region. Included is a guide to the contractor rates offered in IT contracts that have cited Solvency II over the 3 months to 30 July 2016 with a comparison to the same period over the previous 2 years.

Note that daily contractor rates and hourly contractor rates are treated separately. When calculating average contractor rates, daily rates are not derived from quoted hourly rates or vice versa.

3 months to
30 Jul 2016
Same period 2015 Same period 2014
Solvency II
Rank 127 169 193
Rank change year-on-year
+42 +24
Contract jobs citing Solvency II 38 45 12
As % of all contract IT jobs located in the City of London 1.13% 0.76% 0.20%
As % of the Quality Assurance & Compliance category 10.98% 7.83% 2.14%
Number of daily rates quoted 35 33 8
Median daily rate £513 £475 £525
Median daily rate % change year-on-year
+7.89% -9.52%
90% offered a daily rate of more than £360 £380 £410
10% offered a daily rate of more than £730 £860 £775
UK excluding London median daily rate £505 £500 £450
% change year-on-year
+1.00% +11.11%
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate - - -
Solvency II
London

The following table is for comparison with the above and provides statistics for the entire Quality Assurance & Compliance category in contract jobs advertised in the City of London region.

Quality Assurance & Compliance Category
City of London
Contract IT job ads with a match in the
Quality Assurance & Compliance category
346 575 560
As % of all contract IT jobs located in the City of London 10.29% 9.73% 9.55%
Number of daily rates quoted 274 440 397
Median daily rate £475 £475 £475
90% offered a daily rate of more than £326 £313 £300
10% offered a daily rate of more than £600 £625 £600
UK excluding London median daily rate £400 £400 £375
% change year-on-year
- +6.66%
Number of hourly rates quoted 2 5 6
Median hourly rate £52.75 £24.00 £17.50
Median hourly rate % change year-on-year
+119.79% +37.14%
90% offered a hourly rate of more than £26.55 £14.60 £11.32
10% offered a hourly rate of more than £78.95 £55.50 £31.75
UK excluding London median hourly rate £28.00 £22.50 £21.00
% change year-on-year
+24.44% +7.14%

Solvency II
Jobs Demand Trend in the City of London

The demand trend of contract jobs across the City of London region citing Solvency II as a proportion of all IT contracts with a match in the Quality Assurance & Compliance category.

Solvency II Jobs Demand Trend in the City of London

Solvency II
Daily Rate Trend in the City of London

This chart provides the 3-month moving average for daily rates quoted in IT contract jobs citing Solvency II across the City of London region.

Solvency II Daily Rate Trend in the City of London

Solvency II
Daily Rate Histogram in the City of London

This chart provides a histogram of daily rates quoted in contract IT jobs citing Solvency II across the City of London region over the 3 months to 30 July 2016.

Solvency II Daily Rate Histogram in the City of London

Solvency II
Hourly Rate Trend in the City of London

This chart provides the 3-month moving average for hourly rates quoted in IT contractor jobs citing Solvency II across the City of London region.

Solvency II Hourly Rate Trend in the City of London

Solvency II
Top 30 Related IT Skills in the City of London

For the 6 months to 30 July 2016, IT contractor jobs citing Solvency II also mentioned the following skills in order of popularity. The figures indicate the number co-occurrences and its proportion to all contract ads across the City of London region with a requirement for Solvency II.

1 29 (44.62%) Finance
2 19 (29.23%) SQL
3 14 (21.54%) SQL Server
4 12 (18.46%) Data Warehouse
4 12 (18.46%) ETL
4 12 (18.46%) Business Analysis
5 11 (16.92%) SQL Server Integration Services
6 9 (13.85%) Test Scripting
6 9 (13.85%) Migration
7 8 (12.31%) Data Migration
8 7 (10.77%) Data Analysis
8 7 (10.77%) Business Intelligence
8 7 (10.77%) Stakeholder Management
9 6 (9.23%) Agile Software Development
9 6 (9.23%) Microsoft
9 6 (9.23%) Data Modelling
9 6 (9.23%) Data Quality
9 6 (9.23%) SQL Server Analysis Services
9 6 (9.23%) Analytical Skills
10 5 (7.69%) MS Excel
10 5 (7.69%) T-SQL
11 4 (6.15%) Project Management
11 4 (6.15%) Shell Script
11 4 (6.15%) SQL Server Reporting Services
11 4 (6.15%) Unit Testing
11 4 (6.15%) SDLC
12 3 (4.62%) Test Planning
12 3 (4.62%) Process Improvement
12 3 (4.62%) Portfolio Management
12 3 (4.62%) MDX

Solvency II
Top Related IT Skills in the City of London by Category

The follow tables expand on the table above by listing co-occurrences grouped by category. The same job type, locality and period is covered with up to 20 co-occurrences shown in each of the following categories:

Application Platforms
1 1 (1.54%) Confluence
Applications
1 5 (7.69%) MS Excel
2 3 (4.62%) MS Office
3 2 (3.08%) MS PowerPoint
4 1 (1.54%) MS Project
4 1 (1.54%) MS Visio
Business Applications
1 1 (1.54%) Markit EDM
Database & Business Intelligence
1 14 (21.54%) SQL Server
2 12 (18.46%) Data Warehouse
3 11 (16.92%) SQL Server Integration Services
4 6 (9.23%) SQL Server Analysis Services
5 4 (6.15%) SQL Server Reporting Services
6 2 (3.08%) Data Mining
6 2 (3.08%) Microsoft Analysis Services
7 1 (1.54%) Enterprise Data Warehouse
7 1 (1.54%) Oracle Database
7 1 (1.54%) Power BI
7 1 (1.54%) QlikView
Development Applications
1 1 (1.54%) ERwin
1 1 (1.54%) FitNesse
1 1 (1.54%) JIRA
General
1 29 (44.62%) Finance
2 2 (3.08%) Advertising
3 1 (1.54%) Back Office
3 1 (1.54%) Banking
3 1 (1.54%) Investment Banking
3 1 (1.54%) Legal
Job Titles
1 38 (58.46%) Analyst
2 19 (29.23%) Business Analyst
3 15 (23.08%) Solvency II Business Analyst
4 11 (16.92%) Developer
5 10 (15.38%) Insurance Business Analyst
5 10 (15.38%) Test Analyst
6 8 (12.31%) Architect
7 6 (9.23%) Project Manager
8 5 (7.69%) Business Test Analyst
8 5 (7.69%) Data Warehouse Developer
8 5 (7.69%) SSIS Developer
9 4 (6.15%) Business Intelligence Developer
9 4 (6.15%) Data Analyst
9 4 (6.15%) Data Architect
9 4 (6.15%) ETL Developer
9 4 (6.15%) SQL Developer
10 3 (4.62%) Analyst Developer
10 3 (4.62%) Business Architect
10 3 (4.62%) Solvency II Project Manager
10 3 (4.62%) Technical Analyst
Libraries, Frameworks & Software Standards
1 3 (4.62%) MDX
2 1 (1.54%) FpML
2 1 (1.54%) XML
Miscellaneous
1 6 (9.23%) Analytical Skills
2 2 (3.08%) Reinsurance
3 1 (1.54%) Computer Science
3 1 (1.54%) Credit Risk
3 1 (1.54%) Data Extraction
3 1 (1.54%) Virtual Team
3 1 (1.54%) Visualisation
Processes & Methodologies
1 12 (18.46%) Business Analysis
1 12 (18.46%) ETL
2 9 (13.85%) Migration
2 9 (13.85%) Test Scripting
3 8 (12.31%) Data Migration
4 7 (10.77%) Business Intelligence
4 7 (10.77%) Data Analysis
4 7 (10.77%) Stakeholder Management
5 6 (9.23%) Agile Software Development
5 6 (9.23%) Data Modelling
6 4 (6.15%) Project Management
6 4 (6.15%) SDLC
6 4 (6.15%) Unit Testing
7 3 (4.62%) Change Management
7 3 (4.62%) Data Architecture
7 3 (4.62%) Portfolio Management
7 3 (4.62%) Process Improvement
7 3 (4.62%) Test Planning
7 3 (4.62%) User Acceptance Testing
8 2 (3.08%) GAP Analysis
Programming Languages
1 19 (29.23%) SQL
2 5 (7.69%) T-SQL
3 4 (6.15%) Shell Script
4 1 (1.54%) VBA
Qualifications
1 3 (4.62%) ISEB
2 1 (1.54%) ACCA
2 1 (1.54%) CIMA
2 1 (1.54%) Degree
2 1 (1.54%) ISEB Practitioner
Quality Assurance & Compliance
1 6 (9.23%) Data Quality
2 1 (1.54%) GAAP
2 1 (1.54%) QA
Systems Management
1 1 (1.54%) HP Quality Center
Vendors
1 6 (9.23%) Microsoft
2 1 (1.54%) Bloomberg
2 1 (1.54%) Cognos
2 1 (1.54%) HP
2 1 (1.54%) Oracle
2 1 (1.54%) Tableau
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