The median contractor rate for an Insurance Business Analyst was £475 per day in advertised job vacancies during the 3 months to 22 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
UK
3 months to
22 Jun 2017
Same period 2016 Same period 2015
Rank 468 505 507
Rank change year-on-year +37 +2  
Contract jobs requiring an Insurance Business Analyst 148 140 137
As % of all contract IT jobs advertised in the UK 0.32% 0.26% 0.24%
As % of the Job Titles category 0.33% 0.27% 0.26%
Number of daily rates quoted 136 120 115
Median daily rate £475 £500 £475
Median daily rate % change year-on-year -5.00% +5.26%  
90% offered a daily rate of more than £347 £400 £388
10% offered a daily rate of more than £550 £550 £550
UK excluding London median daily rate £400 £475 £405
% change year-on-year -15.78% +17.28%  
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. 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
UK
Contract job vacancies with a job title containing a recognized job role 44408 51163 53304
As % of all contract IT job vacancies advertised in the UK 94.74% 94.88% 94.81%
Number of daily rates quoted 28718 33369 33474
Median daily rate £438 £425 £400
Median daily rate % change year-on-year +2.94% +6.25%  
90% offered a daily rate of more than £275 £260 £250
10% offered a daily rate of more than £600 £600 £572
UK excluding London median daily rate £400 £400 £373
% change year-on-year - +7.38%  
Number of hourly rates quoted 1380 1506 2056
Median hourly rate £18.00 £17.50 £16.50
Median hourly rate % change year-on-year +2.85% +6.06%  
90% offered a hourly rate of more than £11.57 £11.00 £11.00
10% offered a hourly rate of more than £47.50 £44.50 £40.00
UK excluding London median hourly rate £17.50 £17.45 £16.00
% change year-on-year +0.28% +9.06%  

Insurance Business Analyst
Job Vacancy Trend

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

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 3 months to 22 June 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 30 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 3 months to 22 June 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
England +54 144 £475 -5.00% 10
London +10 89 £500 - 8
South East +30 16 £413 -10.81% 1
City of London -6 16 £425 -17.07% 6
East of England -6 13 £500 +2.56%
South West +15 9 £350 -16.66% 1
West Midlands +24 8 £335 -33.00%
Suffolk +16 8 £500 -4.76%
Ipswich +12 8 £500 -
Solihull - 7 £335 -
Gloucestershire - 7 £350 - 1
Yorkshire +31 6 £373 -
West Sussex +20 6 £350 -32.69%
Surrey - 6 £425 - 1
Colchester +15 5 £475 -2.56%
Essex -19 5 £475 -2.56%
Gloucester - 5 £350 - 1
Scotland +35 4 £374 -0.92%
North West +25 4 £475 +32.77%
Edinburgh +15 4 £374 -0.92%
West Yorkshire +24 3 £320 -
Halifax +10 3 £320 -
Crawley - 3 £350 -
North Yorkshire - 3 £425 -
East Sussex - 3 £433 -
York - 3 £425 -
Guildford - 3 £450 -
Croydon -6 2 £450 -10.89%
Brighton - 2 £433 -
Manchester +9 1 - -

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

For the 6 months to 22 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 featuring Insurance Business Analyst in the job title.

1 86 (37.23%) Business Analysis
2 71 (30.74%) Agile Software Development
3 61 (26.41%) Finance
4 56 (24.24%) Stakeholder Management
5 33 (14.29%) Waterfall
6 30 (12.99%) SQL
7 29 (12.55%) Reinsurance
8 24 (10.39%) Systems Analysis
9 22 (9.52%) Project Management
9 22 (9.52%) Analytical Skills
10 21 (9.09%) User Stories
11 20 (8.66%) ISEB
12 19 (8.23%) Microsoft Excel
13 18 (7.79%) Target Operating Model
13 18 (7.79%) PRINCE2
13 18 (7.79%) Workflow
14 17 (7.36%) Microsoft
15 16 (6.93%) MS Visio
15 16 (6.93%) Scrum
15 16 (6.93%) User Acceptance Testing
15 16 (6.93%) Process Improvement
16 15 (6.49%) Use Case
16 15 (6.49%) Data Analysis
17 14 (6.06%) Data Warehouse
18 13 (5.63%) Data Modelling
18 13 (5.63%) BPMN
18 13 (5.63%) Business Process Modelling
19 12 (5.19%) SDLC
19 12 (5.19%) PRINCE
19 12 (5.19%) UML

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 (1.30%) CMS
Applications
1 19 (8.23%) Microsoft Excel
2 16 (6.93%) MS Visio
3 11 (4.76%) Microsoft PowerPoint
4 9 (3.90%) Microsoft Office
5 3 (1.30%) Microsoft Project
6 2 (0.87%) Spreadsheet
Business Applications
1 5 (2.16%) Dynamics CRM
2 1 (0.43%) CODA-Financials
Cloud Services
1 1 (0.43%) SaaS
Communications & Networking
1 3 (1.30%) Extranet
Database & Business Intelligence
1 14 (6.06%) Data Warehouse
2 11 (4.76%) Relational Database
3 9 (3.90%) SQL Server
4 4 (1.73%) RDBMS
5 1 (0.43%) Blockchain
5 1 (0.43%) Data Lake
5 1 (0.43%) Hadoop
5 1 (0.43%) IBM InfoSphere
5 1 (0.43%) Oracle Database
5 1 (0.43%) PowerPivot
5 1 (0.43%) SQL Server Analysis Services
5 1 (0.43%) SQL Server Reporting Services
Development Applications
1 9 (3.90%) JIRA
2 6 (2.60%) Eclipse
General
1 61 (26.41%) Finance
2 11 (4.76%) Retail
3 7 (3.03%) Banking
4 4 (1.73%) Advertising
4 4 (1.73%) Front Office
5 3 (1.30%) Retail Banking
6 2 (0.87%) French Language
7 1 (0.43%) Billing
7 1 (0.43%) Legal
7 1 (0.43%) Marketing
Libraries, Frameworks & Software Standards
1 5 (2.16%) .NET
1 5 (2.16%) .NET Framework
1 5 (2.16%) ASP.NET
1 5 (2.16%) WinForms
2 2 (0.87%) XML
Miscellaneous
1 29 (12.55%) Reinsurance
2 22 (9.52%) Analytical Skills
3 4 (1.73%) Data Structures
4 2 (0.87%) Data Protection Act
4 2 (0.87%) Enterprise Software
4 2 (0.87%) Fintech
4 2 (0.87%) Greenfield Project
5 1 (0.43%) Foreign Exchange (FX)
5 1 (0.43%) Hedge funds
5 1 (0.43%) iPad
5 1 (0.43%) PMI
5 1 (0.43%) Reference Data
5 1 (0.43%) Virtual Team
Processes & Methodologies
1 86 (37.23%) Business Analysis
2 71 (30.74%) Agile Software Development
3 56 (24.24%) Stakeholder Management
4 33 (14.29%) Waterfall
5 24 (10.39%) Systems Analysis
6 22 (9.52%) Project Management
7 21 (9.09%) User Stories
8 18 (7.79%) PRINCE2
8 18 (7.79%) Target Operating Model
8 18 (7.79%) Workflow
9 16 (6.93%) Process Improvement
9 16 (6.93%) Scrum
9 16 (6.93%) User Acceptance Testing
10 15 (6.49%) Data Analysis
10 15 (6.49%) Use Case
11 13 (5.63%) BPMN
11 13 (5.63%) Business Process Modelling
11 13 (5.63%) Data Modelling
12 12 (5.19%) PRINCE
12 12 (5.19%) SDLC
Programming Languages
1 30 (12.99%) SQL
2 5 (2.16%) VBA
3 2 (0.87%) C
3 2 (0.87%) T-SQL
Qualifications
1 20 (8.66%) ISEB
2 11 (4.76%) APMG
3 6 (2.60%) PRINCE2 Certification
4 1 (0.43%) Degree
4 1 (0.43%) IIBA
4 1 (0.43%) PMI Certification
Quality Assurance & Compliance
1 11 (4.76%) GDPR
2 10 (4.33%) Solvency II
3 5 (2.16%) GAAP
4 2 (0.87%) PMO
5 1 (0.43%) Data Quality
5 1 (0.43%) MiFID
5 1 (0.43%) Sarbanes-Oxley
Vendors
1 17 (7.36%) Microsoft
2 5 (2.16%) Oracle
3 4 (1.73%) Guidewire
4 2 (0.87%) Pega
5 1 (0.43%) Citrix
5 1 (0.43%) CODA
5 1 (0.43%) MicroStrategy
5 1 (0.43%) Murex
5 1 (0.43%) Tableau
South West London
The People Network
Rate: £450 - £650 per day
Posted: 2 days ago
City, London
Red10
Rate: £600 - £650 per day
Posted: 2 days ago
London
Red10
Rate: £600 - £650 per day
Posted: 3 days ago