The median contractor rate for a Insurance Business Analyst was £500 per day in advertised job vacancies in Suffolk during the 3 months to 29 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.

Business Analyst - Insurance
East of England / Suffolk
3 months to
29 Mar 2017
Same period 2016 Same period 2015
Rank 20 23 26
Rank change year-on-year +3 +3  
Contract jobs requiring an Insurance Business Analyst 8 6 3
As % of all contract IT jobs advertised in Suffolk 4.73% 3.05% 1.49%
As % of the Job Titles category 4.85% 3.08% 1.52%
Number of daily rates quoted 8 6 3
Median daily rate £500 £475 £500
Median daily rate % change year-on-year +5.26% -5.00%  
UK excluding London median daily rate £425 £460 £414
% change year-on-year -7.60% +11.17%  
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 Suffolk. 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
Suffolk
Contract job vacancies with a job title containing a recognized job role 165 195 198
As % of all contract IT job vacancies advertised in Suffolk 97.63% 98.98% 98.02%
Number of daily rates quoted 112 133 122
Median daily rate £400 £400 £401
Median daily rate % change year-on-year - -0.12%  
90% offered a daily rate of more than £225 £238 £225
10% offered a daily rate of more than £538 £500 £525
UK excluding London median daily rate £400 £388 £375
% change year-on-year +3.22% +3.33%  
Number of hourly rates quoted 4 3 18
Median hourly rate £12.00 £11.00 £15.00
Median hourly rate % change year-on-year +9.09% -26.66%  
90% offered a hourly rate of more than £11.00 £10.00 £12.45
10% offered a hourly rate of more than £40.50 £20.00 £35.00
UK excluding London median hourly rate £17.50 £19.50 £17.00
% change year-on-year -10.25% +14.70%  

Insurance Business Analyst
Job Vacancy Trend in Suffolk

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

Job vacancy trend for Insurance Business Analyst in Suffolk

Insurance Business Analyst
Contractor Daily Rate Trend in Suffolk

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

Contractor daily rate trend for Insurance Business Analyst in Suffolk

Insurance Business Analyst
Contract Job Locations in Suffolk

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 Suffolk region over the 3 months to 29 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
Ipswich 0 8 £500 +5.26% 2
Insurance Business Analyst
East of England

Insurance Business Analyst Skill Set
Top 17 Co-occurring IT Skills in Suffolk

For the 6 months to 29 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 Suffolk region featuring Insurance Business Analyst in the job title.

1 8 (72.73%) Reinsurance
2 6 (54.55%) Process Improvement
2 6 (54.55%) Workflow
2 6 (54.55%) Project Management
2 6 (54.55%) Stakeholder Management
3 5 (45.45%) Analytical Skills
4 3 (27.27%) Reference Data
5 2 (18.18%) General Ledger
5 2 (18.18%) Data Warehouse
5 2 (18.18%) Data Modelling
5 2 (18.18%) Finance
5 2 (18.18%) Business Process Modelling
6 1 (9.09%) Analytics
6 1 (9.09%) CRM
6 1 (9.09%) Business Analysis
6 1 (9.09%) Cash Management
6 1 (9.09%) Data Cleansing

Insurance Business Analyst Skill Set
Co-occurring IT Skills in Suffolk 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:

Database & Business Intelligence
1 2 (18.18%) Data Warehouse
General
1 2 (18.18%) Finance
1 2 (18.18%) General Ledger
Miscellaneous
1 8 (72.73%) Reinsurance
2 5 (45.45%) Analytical Skills
3 3 (27.27%) Reference Data
Processes & Methodologies
1 6 (54.55%) Process Improvement
1 6 (54.55%) Project Management
1 6 (54.55%) Stakeholder Management
1 6 (54.55%) Workflow
2 2 (18.18%) Business Process Modelling
2 2 (18.18%) Data Modelling
3 1 (9.09%) Analytics
3 1 (9.09%) Business Analysis
3 1 (9.09%) Cash Management
3 1 (9.09%) CRM
3 1 (9.09%) Data Cleansing
Ipswich, Suffolk
LEXSTRA
Rate: £450 - £550 per day
Posted: 6 hours ago
Ipswich, Suffolk
LEXSTRA
Rate: £450 - £550 per day
Posted: 9 hours ago