Insurance Technology (Insurtech)
UK > England
The following table provides summary statistics for contract job vacancies advertised in England with a requirement for Insurtech skills. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Insurtech over the 6 months to 14 May 2024 with a comparison to the same period in the previous 2 years.
| 6 months to 14 May 2024 |
Same period 2023 | Same period 2022 | |
|---|---|---|---|
| Rank | 511 | 602 | 695 |
| Rank change year-on-year | +91 | +93 | -181 |
| Contract jobs citing Insurtech | 22 | 45 | 71 |
| As % of all contract jobs advertised in England | 0.060% | 0.092% | 0.10% |
| As % of the Processes & Methodologies category | 0.070% | 0.10% | 0.11% |
| Number of daily rates quoted | 17 | 35 | 64 |
| 10th Percentile | - | £400 | £386 |
| 25th Percentile | £500 | £469 | £461 |
| Median daily rate (50th Percentile) | £600 | £600 | £544 |
| Median % change year-on-year | - | +10.34% | +1.16% |
| 75th Percentile | £625 | £719 | £669 |
| 90th Percentile | £665 | £800 | £700 |
| UK median daily rate | £600 | £600 | £575 |
| % change year-on-year | - | +4.35% | +6.98% |
All Process and Methodology Skills
England
Insurtech is in the Processes and Methodologies category. The following table is for comparison with the above and provides summary statistics for all contract job vacancies advertised in England with a requirement for process or methodology skills.
| Contract vacancies with a requirement for process or methodology skills | 31,523 | 43,947 | 64,310 |
| As % of all contract IT jobs advertised in England | 86.44% | 90.16% | 90.83% |
| Number of daily rates quoted | 20,648 | 30,851 | 45,725 |
| 10th Percentile | £300 | £325 | £331 |
| 25th Percentile | £413 | £448 | £429 |
| Median daily rate (50th Percentile) | £525 | £550 | £538 |
| Median % change year-on-year | -4.55% | +2.33% | +7.50% |
| 75th Percentile | £650 | £673 | £650 |
| 90th Percentile | £750 | £764 | £750 |
| UK median daily rate | £525 | £550 | £530 |
| % change year-on-year | -4.55% | +3.77% | +8.16% |
| Number of hourly rates quoted | 2,245 | 1,554 | 1,761 |
| 10th Percentile | £12.89 | £10.63 | £12.50 |
| 25th Percentile | £16.00 | £16.25 | £15.25 |
| Median hourly rate | £36.50 | £37.50 | £25.00 |
| Median % change year-on-year | -2.67% | +50.00% | +6.61% |
| 75th Percentile | £60.00 | £65.00 | £49.25 |
| 90th Percentile | £72.50 | £75.00 | £65.00 |
| UK median hourly rate | £36.50 | £36.40 | £25.68 |
| % change year-on-year | +0.29% | +41.73% | +4.82% |
Insurtech
Job Vacancy Trend in England
Job postings citing Insurtech as a proportion of all IT jobs advertised in England.
Insurtech
Contractor Daily Rate Trend in England
3-month moving average daily rate quoted in jobs citing Insurtech in England.
Insurtech
Daily Rate Histogram in England
Daily rate distribution for jobs citing Insurtech in England over the 6 months to 14 May 2024.
Insurtech
Contract Job Locations in England
The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Insurtech within the England region over the 6 months to 14 May 2024. The 'Rank Change' column provides an indication of the change in demand within each location based on the same 6 month period last year.
| Location | Rank Change on Same Period Last Year |
Matching Contract IT Job Ads |
Median Daily Rate Past 6 Months |
Median Daily Rate % Change on Same Period Last Year |
Live Jobs |
|---|---|---|---|---|---|
| London | +59 | 16 | £600 | -7.69% | 24 |
| South East | +25 | 5 | £500 | -20.00% | 6 |
| Insurtech UK |
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Insurtech
Co-occurring Skills and Capabilities in England by Category
The follow tables expand on the table above by listing co-occurrences grouped by category. The same employment type, locality and period is covered with up to 20 co-occurrences shown in each of the following categories: