The median contractor rate for a Insurance Business Analyst was £400 per day in advertised job vacancies in the South West during the 3 months to 23 March 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.

3 months to
23 Mar 2017
Same period 2016 Same period 2015
Business Analyst - Insurance
England / South West
Rank 116 125 123
Rank change year-on-year +9 -2  
Contract jobs requiring an Insurance Business Analyst 17 10 21
As % of all contract IT jobs advertised in the South West 0.66% 0.35% 0.68%
As % of the Job Titles category 0.70% 0.36% 0.71%
Number of daily rates quoted 13 8 18
Median daily rate £400 £390 £418
Median daily rate % change year-on-year +2.56% -6.58%  
UK excluding London median daily rate £425 £460 £415
% change year-on-year -7.60% +10.84%  
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 South West. 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
South West
Contract job vacancies with a job title containing a recognized job role 2439 2772 2969
As % of all contract IT job vacancies advertised in the South West 95.31% 96.65% 95.93%
Number of daily rates quoted 1547 1791 1866
Median daily rate £375 £375 £375
90% offered a daily rate of more than £220 £250 £250
10% offered a daily rate of more than £510 £500 £513
UK excluding London median daily rate £400 £388 £375
% change year-on-year +3.22% +3.33%  
Number of hourly rates quoted 156 182 142
Median hourly rate £38.50 £39.00 £30.00
Median hourly rate % change year-on-year -1.28% +30.00%  
90% offered a hourly rate of more than £12.60 £13.00 £11.00
10% offered a hourly rate of more than £49.50 £50.00 £44.50
UK excluding London median hourly rate £17.50 £20.00 £17.00
% change year-on-year -12.50% +17.64%  

Insurance Business Analyst
Job Vacancy Trend in the South West

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

Job vacancy trend for Insurance Business Analyst in the South West

Insurance Business Analyst
Contractor Daily Rate Trend in the South West

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

Contractor daily rate trend for Insurance Business Analyst in the South West

Insurance Business Analyst
Contract Job Locations in the South West

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Insurance Business Analyst within the South West region over the 3 months to 23 March 2017. The 'Rank Change' column provides an indication of the change in demand within each location based on the same 3 month period last year.

Location Rank Change
on Same Period
Last Year
Matching
Contract
IT Job Ads
Median
Daily Rate
Last 3 Months
Median Daily Rate
% Change
on Same Period
Last Year
Live
Job
Vacancies
Gloucestershire - 12 £400 -
Wiltshire +1 2 £472 +44.85%
Insurance Business Analyst
England

Insurance Business Analyst Skill Set
Top 25 Related IT Skills in the South West

For the 6 months to 23 March 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 South West region featuring Insurance Business Analyst in the job title.

1 18 (81.82%) Business Analysis
2 16 (72.73%) Finance
2 16 (72.73%) Agile Software Development
3 15 (68.18%) ISEB
4 14 (63.64%) PRINCE2
4 14 (63.64%) Scrum
4 14 (63.64%) PRINCE
4 14 (63.64%) APMG
5 5 (22.73%) Stakeholder Management
6 3 (13.64%) Systems Analysis
6 3 (13.64%) Eclipse
6 3 (13.64%) Business Process Mapping
6 3 (13.64%) Business Process Analysis
7 2 (9.09%) Customer Requirements
7 2 (9.09%) Waterfall
7 2 (9.09%) Time Management
8 1 (4.55%) Law
8 1 (4.55%) PMI
8 1 (4.55%) PMI Certification
8 1 (4.55%) Data Protection
8 1 (4.55%) IIBA
8 1 (4.55%) Stakeholder Engagement
8 1 (4.55%) Data Centre
8 1 (4.55%) SDLC
8 1 (4.55%) GDPR

Insurance Business Analyst Skill Set
Top Related IT Skills in the South West 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:

Development Applications
1 3 (13.64%) Eclipse
General
1 16 (72.73%) Finance
2 1 (4.55%) Law
Miscellaneous
1 1 (4.55%) Data Centre
1 1 (4.55%) PMI
Processes & Methodologies
1 18 (81.82%) Business Analysis
2 16 (72.73%) Agile Software Development
3 14 (63.64%) PRINCE
3 14 (63.64%) PRINCE2
3 14 (63.64%) Scrum
4 5 (22.73%) Stakeholder Management
5 3 (13.64%) Business Process Analysis
5 3 (13.64%) Business Process Mapping
5 3 (13.64%) Systems Analysis
6 2 (9.09%) Customer Requirements
6 2 (9.09%) Time Management
6 2 (9.09%) Waterfall
7 1 (4.55%) Data Protection
7 1 (4.55%) SDLC
7 1 (4.55%) Stakeholder Engagement
Qualifications
1 15 (68.18%) ISEB
2 14 (63.64%) APMG
3 1 (4.55%) IIBA
3 1 (4.55%) PMI Certification
Quality Assurance & Compliance
1 1 (4.55%) GDPR