Period
to 18 October 2017

The median contractor rate for an Insurance Business Analyst was £475 per day in advertised job vacancies during the 6 months to 18 October 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
UK
6 months to
18 Oct 2017
Same period 2016 Same period 2015
Rank 622 642 611
Rank change year-on-year +20 -31 +49
Contract jobs requiring an Insurance Business Analyst 241 249 287
As % of all contract IT jobs advertised in the UK 0.24% 0.23% 0.25%
As % of the Job Titles category 0.26% 0.25% 0.27%
Number of daily rates quoted 213 222 249
UK median daily rate £475 £475 £450
Median daily rate % change year-on-year - +5.56% +2.27%
10th Percentile £350 £375 £363
90th Percentile £550 £550 £565
UK excluding London median daily rate £403 £450 £434
% change year-on-year -10.56% +3.75% +8.44%
Number of hourly rates quoted 0 0 0
UK median hourly rate - - -
UK excluding London median hourly rate - - -

The following table is for comparison with the above and includes summary statistics for all contract IT job vacancies. Most job vacancies include a discernible job title that can be normalized. As such, the figures in the second row provide an indication of the number of contract jobs in our overall sample.

All Contract IT Job Vacancies
UK
Contract vacancies in the UK with a recognized job title 94194 100979 107453
% of contract IT jobs with a recognized job title 94.79% 94.78% 94.92%
Number of daily rates quoted 61831 65820 68300
UK median daily rate £440 £425 £400
Median daily rate % change year-on-year +3.53% +6.25% -
10th Percentile £263 £250 £246
90th Percentile £625 £600 £588
UK excluding London median daily rate £400 £390 £375
% change year-on-year +2.56% +4.00% +6.53%
Number of hourly rates quoted 2813 3278 4126
UK median hourly rate £18.70 £18.48 £18.00
Median hourly rate % change year-on-year +1.22% +2.64% +7.66%
10th Percentile £10.88 £10.50 £10.50
90th Percentile £48.75 £47.00 £44.50
UK excluding London median hourly rate £18.00 £18.00 £17.50
% change year-on-year - +2.86% +6.06%

Insurance Business Analyst
Job Vacancy Trend

Job postings that featured Insurance Business Analyst in the job title as a percentage of all IT jobs advertised.

Job vacancy trend for Insurance Business Analyst in the UK

Insurance Business Analyst
Contractor Daily Rate Trend

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

Contractor daily rate trend for Insurance Business Analyst in the UK

Insurance Business Analyst
Contractor Daily Rate Histogram

The daily rate distribution of IT jobs citing Insurance Business Analyst over the 6 months to 18 October 2017.

Contractor daily rate histogram for Insurance Business Analyst in the UK

Insurance Business Analyst
Contractor Hourly Rate Trend

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

Contractor hourly rate trend for Insurance Business Analyst in the UK

Insurance Business Analyst
Top 13 Contract Locations

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 UK over the 6 months to 18 October 2017. 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
Job
Vacancies
England +32 235 £475 - 9
London -13 147 £500 +2.56% 8
UK excluding London +30 93 £403 -10.56% 1
South East +11 34 £450 -
Midlands +41 19 £388 -22.50% 1
West Midlands +39 14 £388 -22.50% 1
East of England -22 14 £475 -
North of England +74 12 £425 +6.25%
South West +9 10 £356 -5.00%
Yorkshire +25 7 £383 -4.38%
North West +34 5 £513 +13.89%
Scotland +20 5 £368 -7.07%
East Midlands - 3 £400 -

Insurance Business Analyst Skill Set
Top 30 Co-occurring IT Skills

For the 6 months to 18 October 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 featuring Insurance Business Analyst in the job title.

1 107 (44.40%) Business Analysis
2 74 (30.71%) Agile Software Development
3 62 (25.73%) Finance
4 44 (18.26%) Stakeholder Management
5 37 (15.35%) Waterfall
6 36 (14.94%) SQL
7 31 (12.86%) User Acceptance Testing
8 26 (10.79%) GDPR
9 25 (10.37%) Reinsurance
10 23 (9.54%) Use Case
10 23 (9.54%) Data Analysis
11 22 (9.13%) User Stories
11 22 (9.13%) Analytical Skills
12 19 (7.88%) Workflow
12 19 (7.88%) Microsoft
13 18 (7.47%) Microsoft Excel
13 18 (7.47%) Migration
14 17 (7.05%) Target Operating Model
15 16 (6.64%) E-Commerce
15 16 (6.64%) GAP Analysis
15 16 (6.64%) Project Management
16 15 (6.22%) MS Visio
17 14 (5.81%) Retail
17 14 (5.81%) Systems Analysis
18 13 (5.39%) CRM
19 12 (4.98%) Data Warehouse
19 12 (4.98%) SQL Server
19 12 (4.98%) Dynamics CRM
19 12 (4.98%) Scrum
19 12 (4.98%) DevOps

Insurance Business Analyst Skill Set
Co-occurring IT Skills 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:

Application Platforms
1 3 (1.24%) CMS
2 1 (0.41%) Confluence
2 1 (0.41%) Documentum
2 1 (0.41%) SharePoint
Applications
1 18 (7.47%) Microsoft Excel
2 15 (6.22%) MS Visio
3 11 (4.56%) Microsoft PowerPoint
4 7 (2.90%) Microsoft Office
5 2 (0.83%) Microsoft Project
6 1 (0.41%) Spreadsheet
Business Applications
1 12 (4.98%) Dynamics CRM
2 1 (0.41%) CODA-Financials
Cloud Services
1 1 (0.41%) SaaS
Communications & Networking
1 4 (1.66%) Extranet
Database & Business Intelligence
1 12 (4.98%) Data Warehouse
1 12 (4.98%) SQL Server
2 6 (2.49%) Relational Database
3 3 (1.24%) QlikView
3 3 (1.24%) RDBMS
4 2 (0.83%) BusinessObjects
4 2 (0.83%) SQL Server Reporting Services
5 1 (0.41%) Blockchain
5 1 (0.41%) IBM InfoSphere
5 1 (0.41%) PowerPivot
5 1 (0.41%) SQL Server Analysis Services
5 1 (0.41%) SQL Server Integration Services
Development Applications
1 9 (3.73%) JIRA
2 4 (1.66%) Eclipse
General
1 62 (25.73%) Finance
2 14 (5.81%) Retail
3 10 (4.15%) Banking
4 9 (3.73%) Legal
5 4 (1.66%) Advertising
6 3 (1.24%) Front Office
7 2 (0.83%) Back Office
7 2 (0.83%) Publishing
7 2 (0.83%) Retail Banking
8 1 (0.41%) Marketing
Libraries, Frameworks & Software Standards
1 6 (2.49%) .NET
2 5 (2.07%) .NET Framework
2 5 (2.07%) ASP.NET
2 5 (2.07%) WinForms
3 4 (1.66%) XML
4 3 (1.24%) Natural Language Processing
5 1 (0.41%) XML Messaging
Miscellaneous
1 25 (10.37%) Reinsurance
2 22 (9.13%) Analytical Skills
3 5 (2.07%) Computer Science
4 4 (1.66%) Virtual Team
5 3 (1.24%) Greenfield Project
6 2 (0.83%) Data Protection Act
6 2 (0.83%) Fintech
6 2 (0.83%) Management Information System
6 2 (0.83%) Robotics
7 1 (0.41%) Data Structures
7 1 (0.41%) Enterprise Software
7 1 (0.41%) PMI
Processes & Methodologies
1 107 (44.40%) Business Analysis
2 74 (30.71%) Agile Software Development
3 44 (18.26%) Stakeholder Management
4 37 (15.35%) Waterfall
5 31 (12.86%) User Acceptance Testing
6 23 (9.54%) Data Analysis
6 23 (9.54%) Use Case
7 22 (9.13%) User Stories
8 19 (7.88%) Workflow
9 18 (7.47%) Migration
10 17 (7.05%) Target Operating Model
11 16 (6.64%) E-Commerce
11 16 (6.64%) GAP Analysis
11 16 (6.64%) Project Management
12 14 (5.81%) Systems Analysis
13 13 (5.39%) CRM
14 12 (4.98%) Data Migration
14 12 (4.98%) Data Protection
14 12 (4.98%) DevOps
14 12 (4.98%) Scrum
Programming Languages
1 36 (14.94%) SQL
2 6 (2.49%) VBA
3 2 (0.83%) T-SQL
4 1 (0.41%) C
4 1 (0.41%) C#
Qualifications
1 7 (2.90%) ISEB
2 6 (2.49%) Degree
3 4 (1.66%) PRINCE2 Certification
4 1 (0.41%) CBAP
4 1 (0.41%) IIBA
4 1 (0.41%) PMI Certification
Quality Assurance & Compliance
1 26 (10.79%) GDPR
2 10 (4.15%) Solvency II
3 5 (2.07%) GAAP
4 3 (1.24%) Data Quality
5 2 (0.83%) ISO/IEC 27001
5 2 (0.83%) PCI DSS
5 2 (0.83%) PMO
5 2 (0.83%) Sarbanes-Oxley
6 1 (0.41%) QA
Vendors
1 19 (7.88%) Microsoft
2 7 (2.90%) Oracle
3 4 (1.66%) Guidewire
4 3 (1.24%) Pega
4 3 (1.24%) Progress
5 2 (0.83%) Informatica
5 2 (0.83%) Tableau
6 1 (0.41%) Atlassian
6 1 (0.41%) CODA
6 1 (0.41%) MicroStrategy
6 1 (0.41%) Salesforce.com