The table below looks at the statistics for Solvency II skills in IT contracts advertised for the Suffolk region. Included is a guide to the average contractor rates offered in IT contracts that have cited Solvency II over the 3 months to 29 August 2014 with a comparison to the same period in 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.

Location
3 months to
29 Aug 2014
Same period 2013 Same period 2012
Solvency II
Rank 33 27 -
Rank change year-on-year
-6 -
Contract jobs citing Solvency II 9 5 0
As % of all contract IT jobs located in Suffolk 3.78% 2.69% -
As % of the Quality Assurance & Compliance category 42.86% 50.00% -
Number of daily rates quoted 9 5 0
Average daily rate
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£438 £475 -
Average daily rate % change year-on-year
-7.89% -
UK excluding London average daily rate £456 £445 £418
% change year-on-year
+2.52% +6.58%
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
Solvency II
East of England

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 Suffolk region.

Quality Assurance & Compliance Category
Suffolk
Contract IT job ads with a match in the
Quality Assurance & Compliance category
21 10 15
As % of all contract IT jobs located in Suffolk 8.82% 5.38% 5.75%
Number of daily rates quoted 21 9 6
Average daily rate £450 £425 £395
Average daily rate % change year-on-year
+5.88% +7.59%
90% offered a daily rate of more than £368 £335 £350
10% offered a daily rate of more than £475 £480 £415
UK excluding London average daily rate £375 £360 £360
% change year-on-year
+4.16% -
Number of hourly rates quoted 0 1 5
Average hourly rate - £35.00 £18.00
Average hourly rate % change year-on-year
- +94.44%
UK excluding London average hourly rate £19.75 £17.50 £21.25
% change year-on-year
+12.85% -17.64%

Solvency II
Jobs Demand Trend in Suffolk

This chart provides a 3-month moving total of IT contractor jobs citing Solvency II across the Suffolk region as a proportion of the total demand within the Quality Assurance & Compliance category.

Solvency II Jobs Demand Trend in Suffolk

Solvency II
Daily Rate Trend in Suffolk

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

Solvency II Daily Rate Trend in Suffolk

Solvency II
Top 8 Related IT Skills in Suffolk

For the 6 months to 29 August 2014, IT contractor jobs across the Suffolk region citing Solvency II also mentioned the following IT skills in order of popularity. The figures indicate the number of jobs and their proportion against the total number of contract IT job ads sampled that cited Solvency II.

1 14 (87.50%) Sun
2 5 (31.25%) Data Migration
2 5 (31.25%) GAP Analysis
2 5 (31.25%) Finance
2 5 (31.25%) Migration
3 4 (25.00%) Degree
4 2 (12.50%) User Acceptance Testing
4 2 (12.50%) Business Analysis

Solvency II
Top Related IT Skills in Suffolk by Category

For the 6 months to 29 August 2014, IT contractor jobs across the Suffolk region citing Solvency II also mentioned the following IT skills grouped by category. The figures indicate the number of jobs and their proportion against the total number of contract IT job ads sampled that cited Solvency II. Up to 20 skills are shown per category.

General
1 5 (31.25%) Finance
Job Titles
1 16 (100.00%) Business Analyst
1 16 (100.00%) Analyst
2 7 (43.75%) Solvency II Business Analyst
3 5 (31.25%) Insurance Business Analyst
Processes & Methodologies
1 5 (31.25%) Data Migration
1 5 (31.25%) GAP Analysis
1 5 (31.25%) Migration
2 2 (12.50%) User Acceptance Testing
2 2 (12.50%) Business Analysis
Qualifications
1 4 (25.00%) Degree
Vendors
1 14 (87.50%) Sun