The median contractor rate for an Insurance Business Analyst was £425 per day in advertised job vacancies in the City of London during the 3 months to 23 June 2017.

The first table below provides contractor rate benchmarking and summary statistics including a comparison to same period in the previous 2 years.

Note that daily and hourly rates are treated separately in these statistics. When calculating contractor rate percentiles, daily rates are never derived from quoted hourly rates or vice versa.

Business Analyst - Insurance
London / City of London
3 months to
23 Jun 2017
Same period 2016 Same period 2015
Rank 150 138 160
Rank change year-on-year -12 +22  
Contract jobs requiring an Insurance Business Analyst 16 26 41
As % of all contract IT jobs advertised in the City of London 0.48% 0.77% 0.71%
As % of the Job Titles category 0.51% 0.80% 0.74%
Number of daily rates quoted 13 26 35
Median daily rate £425 £513 £475
Median daily rate % change year-on-year -17.07% +7.89%  
90% offered a daily rate of more than £380 £475 £395
10% offered a daily rate of more than £520 £550 £590
UK excluding London median daily rate £400 £475 £403
% change year-on-year -15.78% +18.01%  
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate - - -

The next table is for comparison with the above and includes summary statistics for all job roles in contract job vacancies advertised in the City of London. Most job vacancies include a discernible job title. As such, the figures in the first row provide an indication of the number of contract jobs in our overall sample.

Contract IT Job Roles
City of London
Contract job vacancies with a job title containing a recognized job role 3152 3240 5510
As % of all contract IT job vacancies advertised in the City of London 95.52% 95.74% 94.82%
Number of daily rates quoted 2416 2625 4243
Median daily rate £500 £475 £450
Median daily rate % change year-on-year +5.26% +5.55%  
90% offered a daily rate of more than £325 £313 £275
10% offered a daily rate of more than £650 £625 £625
UK excluding London median daily rate £400 £400 £370
% change year-on-year - +8.10%  
Number of hourly rates quoted 39 39 100
Median hourly rate £17.77 £19.00 £19.72
Median hourly rate % change year-on-year -6.47% -3.62%  
90% offered a hourly rate of more than £12.93 £12.50 £10.65
10% offered a hourly rate of more than £30.00 £31.50 £37.05
UK excluding London median hourly rate £17.50 £17.45 £16.14
% change year-on-year +0.28% +8.11%  

Insurance Business Analyst
Job Vacancy Trend in the City of London

The job posting trend of jobs advertised in the City of London that featured Insurance Business Analyst in the job title.

Job vacancy trend for Insurance Business Analyst in the City of London

Insurance Business Analyst
Contractor Daily Rate Trend in the City of London

This chart provides the 3-month moving average for daily rates quoted in contract jobs citing Insurance Business Analyst in the City of London.

Contractor daily rate trend for Insurance Business Analyst in the City of London

Insurance Business Analyst
Contractor Daily Rate Histogram in the City of London

The daily rate distribution of IT jobs citing Insurance Business Analyst in the City of London over the 3 months to 23 June 2017.

Contractor daily rate histogram for Insurance Business Analyst in the City of London

Insurance Business Analyst
Contractor Hourly Rate Trend in the City of London

This chart provides the 3-month moving average for contractor hourly rates quoted in IT jobs citing Insurance Business Analyst in the City of London.

Contractor hourly rate trend for Insurance Business Analyst in the City of London

Insurance Business Analyst Skill Set
Top 30 Co-occurring IT Skills in the City of London

For the 6 months to 23 June 2017, Insurance Business Analyst contract jobs required the following IT 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 featuring Insurance Business Analyst in the job title.

1 6 (22.22%) Finance
1 6 (22.22%) Business Analysis
2 4 (14.81%) JIRA
2 4 (14.81%) Agile Software Development
2 4 (14.81%) Front Office
3 3 (11.11%) Waterfall
3 3 (11.11%) User Stories
3 3 (11.11%) DevOps
3 3 (11.11%) Project Management
3 3 (11.11%) E-Commerce
3 3 (11.11%) Use Case
3 3 (11.11%) Retail
4 2 (7.41%) MS Visio
4 2 (7.41%) Stakeholder Management
4 2 (7.41%) Data Protection
4 2 (7.41%) GDPR
5 1 (3.70%) Virtual Team
5 1 (3.70%) Matrix Organization
5 1 (3.70%) Data Mapping
5 1 (3.70%) Target Operating Model
5 1 (3.70%) Reinsurance
5 1 (3.70%) Analytical Skills
5 1 (3.70%) Solvency II
5 1 (3.70%) Process Improvement
5 1 (3.70%) Banking
5 1 (3.70%) SQL
5 1 (3.70%) ITIL
5 1 (3.70%) Eclipse
5 1 (3.70%) Murex
5 1 (3.70%) ISEB

Insurance Business Analyst Skill Set
Co-occurring 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:

Applications
1 2 (7.41%) MS Visio
2 1 (3.70%) Microsoft PowerPoint
Development Applications
1 4 (14.81%) JIRA
2 1 (3.70%) Eclipse
General
1 6 (22.22%) Finance
2 4 (14.81%) Front Office
3 3 (11.11%) Retail
4 1 (3.70%) Banking
Miscellaneous
1 1 (3.70%) Analytical Skills
1 1 (3.70%) Foreign Exchange (FX)
1 1 (3.70%) Hedge funds
1 1 (3.70%) Reinsurance
1 1 (3.70%) Virtual Team
Processes & Methodologies
1 6 (22.22%) Business Analysis
2 4 (14.81%) Agile Software Development
3 3 (11.11%) DevOps
3 3 (11.11%) E-Commerce
3 3 (11.11%) Project Management
3 3 (11.11%) Use Case
3 3 (11.11%) User Stories
3 3 (11.11%) Waterfall
4 2 (7.41%) Data Protection
4 2 (7.41%) Stakeholder Management
5 1 (3.70%) Business Process Improvement
5 1 (3.70%) Data Analysis
5 1 (3.70%) Data Management
5 1 (3.70%) Data Mapping
5 1 (3.70%) Electronic Trading
5 1 (3.70%) Facilities Management
5 1 (3.70%) GAP Analysis
5 1 (3.70%) ITIL
5 1 (3.70%) Process Improvement
5 1 (3.70%) Stakeholder Engagement
Programming Languages
1 1 (3.70%) SQL
Qualifications
1 1 (3.70%) ISEB
Quality Assurance & Compliance
1 2 (7.41%) GDPR
2 1 (3.70%) MiFID
2 1 (3.70%) Solvency II
Vendors
1 1 (3.70%) Murex
City, London
Red10
Rate: £600 - £650 per day
Posted: 4 days ago