The median contractor rate for a Insurance Business Analyst was £465 per day in advertised job vacancies during the 3 months to 24 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
24 Mar 2017
Same period 2016 Same period 2015
Business Analyst - Insurance
UK
Rank 515 513 497
Rank change year-on-year -2 -16  
Contract jobs requiring an Insurance Business Analyst 81 129 124
As % of all contract IT jobs advertised in the UK 0.18% 0.24% 0.24%
As % of the Job Titles category 0.19% 0.26% 0.25%
Number of daily rates quoted 72 113 106
Median daily rate £465 £475 £443
Median daily rate % change year-on-year -2.05% +7.34%  
90% offered a daily rate of more than £400 £368 £375
10% offered a daily rate of more than £525 £550 £520
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. 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 42950 50452 49894
As % of all contract IT job vacancies advertised in the UK 94.82% 95.19% 94.82%
Number of daily rates quoted 27813 32635 30138
Median daily rate £425 £425 £400
Median daily rate % change year-on-year - +6.25%  
90% offered a daily rate of more than £260 £260 £238
10% offered a daily rate of more than £600 £600 £555
UK excluding London median daily rate £400 £388 £375
% change year-on-year +3.22% +3.33%  
Number of hourly rates quoted 1510 1582 1977
Median hourly rate £18.00 £18.75 £17.50
Median hourly rate % change year-on-year -4.00% +7.14%  
90% offered a hourly rate of more than £11.25 £11.50 £11.00
10% offered a hourly rate of more than £47.50 £48.00 £42.50
UK excluding London median hourly rate £17.50 £20.00 £17.38
% change year-on-year -12.50% +15.10%  

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 24 March 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 hourly rates quoted in IT contractor jobs citing Insurance Business Analyst.

Contractor hourly rate trend for Insurance Business Analyst in the UK

Insurance Business Analyst
Top 22 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 24 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
England -13 81 £465 -2.05% 7
London -24 33 £500 - 5
South East +30 17 £438 -7.89% 1
South West +6 17 £400 +6.66%
Gloucestershire - 12 £400 -
Surrey +19 11 £438 -7.89%
City of London -11 11 £525 +2.43% 3
East of England -4 10 £475 -
Suffolk -2 7 £500 +5.26%
Ipswich -3 7 £500 +5.26%
Guildford +7 5 £438 -7.89%
West Midlands +8 3 £335 -21.17% 1
Solihull - 3 £335 -
Croydon +10 2 £438 -0.56%
Kent +7 2 £425 -
Hertfordshire +3 2 £394 +8.62%
Wiltshire +2 2 £472 +44.85%
Bromley - 2 £550 -
Swindon - 2 £472 -
Hampshire +7 1 £450 -5.26%
West Sussex +1 1 £425 +17.24% 1
Farnborough -1 1 £450 -5.26%

Insurance Business Analyst Skill Set
Top 30 Related IT Skills

For the 6 months to 24 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 featuring Insurance Business Analyst in the job title.

1 88 (43.78%) Business Analysis
2 66 (32.84%) Stakeholder Management
3 52 (25.87%) Agile Software Development
4 45 (22.39%) Finance
5 31 (15.42%) Target Operating Model
6 22 (10.95%) SDLC
7 21 (10.45%) Business Process Analysis
7 21 (10.45%) Waterfall
7 21 (10.45%) Process Improvement
8 20 (9.95%) ISEB
9 18 (8.96%) PRINCE2
9 18 (8.96%) Reinsurance
10 16 (7.96%) Data Warehouse
11 15 (7.46%) Business Intelligence
11 15 (7.46%) BPR
11 15 (7.46%) Scrum
12 14 (6.97%) PRINCE
12 14 (6.97%) SQL
12 14 (6.97%) Data Analysis
12 14 (6.97%) OpenUP
12 14 (6.97%) APMG
13 13 (6.47%) Analytical Skills
14 11 (5.47%) Systems Analysis
14 11 (5.47%) User Acceptance Testing
15 10 (4.98%) Project Management
15 10 (4.98%) Business Transformation
16 9 (4.48%) Solvency II
16 9 (4.48%) Data Modelling
17 8 (3.98%) Eclipse
17 8 (3.98%) User Stories

Insurance Business Analyst Skill Set
Top Related 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 1 (0.50%) SharePoint
Applications
1 7 (3.48%) MS Visio
2 5 (2.49%) MS Office
3 4 (1.99%) MS Excel
4 3 (1.49%) MS PowerPoint
Cloud Services
1 1 (0.50%) Office 365
Database & Business Intelligence
1 16 (7.96%) Data Warehouse
2 3 (1.49%) SQL Server Reporting Services
3 2 (1.00%) SQL Server
4 1 (0.50%) Data Lake
4 1 (0.50%) EDMS
4 1 (0.50%) Hadoop
4 1 (0.50%) IBM InfoSphere
4 1 (0.50%) Oracle Database
4 1 (0.50%) RDBMS
4 1 (0.50%) Relational Database
Development Applications
1 8 (3.98%) Eclipse
2 5 (2.49%) JIRA
General
1 45 (22.39%) Finance
2 5 (2.49%) Retail
3 4 (1.99%) French Language
3 4 (1.99%) Games
4 2 (1.00%) Advertising
4 2 (1.00%) General Ledger
5 1 (0.50%) Banking
5 1 (0.50%) Billing
5 1 (0.50%) Investment Banking
5 1 (0.50%) Law
Libraries, Frameworks & Software Standards
1 2 (1.00%) XML
1 2 (1.00%) XML Messaging
2 1 (0.50%) Web Services
Miscellaneous
1 18 (8.96%) Reinsurance
2 13 (6.47%) Analytical Skills
3 5 (2.49%) Data Structures
4 3 (1.49%) iPad
4 3 (1.49%) Reference Data
5 2 (1.00%) User Experience
6 1 (0.50%) Data Centre
6 1 (0.50%) Foreign Exchange (FX)
6 1 (0.50%) PMI
Processes & Methodologies
1 88 (43.78%) Business Analysis
2 66 (32.84%) Stakeholder Management
3 52 (25.87%) Agile Software Development
4 31 (15.42%) Target Operating Model
5 22 (10.95%) SDLC
6 21 (10.45%) Business Process Analysis
6 21 (10.45%) Process Improvement
6 21 (10.45%) Waterfall
7 18 (8.96%) PRINCE2
8 15 (7.46%) BPR
8 15 (7.46%) Business Intelligence
8 15 (7.46%) Scrum
9 14 (6.97%) Data Analysis
9 14 (6.97%) OpenUP
9 14 (6.97%) PRINCE
10 11 (5.47%) Systems Analysis
10 11 (5.47%) User Acceptance Testing
11 10 (4.98%) Business Transformation
11 10 (4.98%) Project Management
12 9 (4.48%) Data Modelling
Programming Languages
1 14 (6.97%) SQL
2 2 (1.00%) C
2 2 (1.00%) VBA
Qualifications
1 20 (9.95%) ISEB
2 14 (6.97%) APMG
3 3 (1.49%) PRINCE2 Certification
4 1 (0.50%) CIPD
4 1 (0.50%) IIBA
4 1 (0.50%) PMI Certification
Quality Assurance & Compliance
1 9 (4.48%) Solvency II
2 3 (1.49%) GDPR
3 1 (0.50%) Data Quality
Vendors
1 7 (3.48%) Tableau
2 4 (1.99%) Pega
3 3 (1.49%) MicroStrategy
4 2 (1.00%) CODA
4 2 (1.00%) Cognos
5 1 (0.50%) Citrix
5 1 (0.50%) Guidewire
5 1 (0.50%) Microsoft
5 1 (0.50%) Oracle
5 1 (0.50%) SAP
London
Maclean Moore Consulting
Rate: Up to £550 per day
Posted: Yesterday
West Sussex
Eames Consulting
Rate: £400 - £500 per annum
Posted: 23 hours ago
London
Nakama
Rate: From £400 to £420 per day
Posted: 2 days ago