Reinsurance Contracts

Reinsurance
UK

The table below looks at the prevalence of the term Reinsurance in contract job vacancies. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Reinsurance over the 6 months to 30 May 2024 with a comparison to the same period over the previous 2 years.

6 months to
30 May 2024
Same period 2023 Same period 2022
Rank 485 561 696
Rank change year-on-year +76 +135 -60
Contract jobs citing Reinsurance 87 127 144
As % of all contract jobs advertised in the UK 0.20% 0.23% 0.16%
As % of the Miscellaneous category 0.67% 0.68% 0.50%
Number of daily rates quoted 70 98 94
10th Percentile £513 £475 £463
25th Percentile £531 £555 £509
Median daily rate (50th Percentile) £600 £600 £550
Median % change year-on-year - +9.09% -
75th Percentile £638 £700 £619
90th Percentile £675 £800 £684
UK excluding London median daily rate £475 - £278
% change year-on-year - - +6.73%

All Generic Skills
UK

Reinsurance is in the General and Transferable Skills category. The following table is for comparison with the above and provides summary statistics for all contract job vacancies with a requirement for generic IT skills.

Contract vacancies with a requirement for generic IT skills 12,931 18,700 29,039
As % of all contract IT jobs advertised in the UK 30.14% 33.32% 33.15%
Number of daily rates quoted 8,309 12,884 20,379
10th Percentile £270 £313 £313
25th Percentile £413 £450 £438
Median daily rate (50th Percentile) £539 £550 £550
Median % change year-on-year -2.09% - +10.00%
75th Percentile £663 £680 £663
90th Percentile £800 £800 £763
UK excluding London median daily rate £500 £500 £485
% change year-on-year - +3.09% +10.86%
Number of hourly rates quoted 920 609 696
10th Percentile £12.25 £9.80 £14.25
25th Percentile £15.21 £10.63 £17.22
Median hourly rate £35.00 £22.00 £26.98
Median % change year-on-year +59.09% -18.46% +5.80%
75th Percentile £61.30 £60.63 £50.00
90th Percentile £71.25 £75.00 £65.65
UK excluding London median hourly rate £34.21 £21.75 £21.25
% change year-on-year +57.29% +2.35% -7.61%

Reinsurance
Job Vacancy Trend

Job postings citing Reinsurance as a proportion of all IT jobs advertised.

Job vacancy trend for Reinsurance in the UK

Reinsurance
Contractor Daily Rate Trend

3-month moving average daily rate quoted in jobs citing Reinsurance.

Daily rate trend for Reinsurance in the UK

Reinsurance
Daily Rate Histogram

Daily rate distribution for jobs citing Reinsurance over the 6 months to 30 May 2024.

Daily rate histogram for Reinsurance in the UK

Reinsurance
Contractor Hourly Rate Trend

3-month moving average hourly rates quoted in jobs citing Reinsurance.

Hourly rate trend for Reinsurance in the UK

Reinsurance
Top 6 Contract Locations

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Reinsurance within the UK over the 6 months to 30 May 2024. 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
Jobs
England +59 84 £600 - 56
London +46 82 £600 - 38
Work from Home +105 44 £588 -2.08% 25
UK excluding London +36 3 £475 - 19
East of England +15 2 £475 - 3
Scotland - 1 - -

Reinsurance
Co-occurring Skills and Capabilities by Category

The follow tables expand on the table above by listing co-occurrences grouped by category. The same employment type, locality and period is covered with up to 20 co-occurrences shown in each of the following categories:

Application Platforms
1 2 (2.30%) Mendix
2 1 (1.15%) Confluence
Applications
1 2 (2.30%) Microsoft Excel
1 2 (2.30%) Microsoft Office
1 2 (2.30%) Microsoft PowerPoint
2 1 (1.15%) Microsoft Project
2 1 (1.15%) Spreadsheet
Cloud Services
1 18 (20.69%) Azure
2 7 (8.05%) Azure DevOps
3 3 (3.45%) Microsoft Purview
3 3 (3.45%) Snowflake
4 2 (2.30%) GitHub
4 2 (2.30%) SaaS
5 1 (1.15%) dbt
5 1 (1.15%) IaaS
5 1 (1.15%) PaaS
5 1 (1.15%) Power Platform
Communications & Networking
1 1 (1.15%) Firewall
Database & Business Intelligence
1 8 (9.20%) Data Warehouse
2 6 (6.90%) SQL Server
3 2 (2.30%) BigQuery
3 2 (2.30%) Looker
4 1 (1.15%) MongoDB
4 1 (1.15%) Power BI
4 1 (1.15%) RDBMS
4 1 (1.15%) Relational Database
4 1 (1.15%) SQL Server Analysis Services
4 1 (1.15%) SQL Server Integration Services
4 1 (1.15%) SQL Server Reporting Services
Development Applications
1 3 (3.45%) Eclipse
1 3 (3.45%) JIRA
1 3 (3.45%) Visual Studio
2 2 (2.30%) Git
2 2 (2.30%) Team Foundation Server
2 2 (2.30%) TeamCity
3 1 (1.15%) Appium
3 1 (1.15%) Selenium
General
1 24 (27.59%) Inclusion and Diversity
2 19 (21.84%) Finance
2 19 (21.84%) Social Skills
3 9 (10.34%) Analytical Skills
4 3 (3.45%) Banking
4 3 (3.45%) Legal
4 3 (3.45%) Organisational Skills
5 2 (2.30%) Influencing Skills
Job Titles
1 34 (39.08%) Analyst
2 25 (28.74%) Business Analyst
3 19 (21.84%) Reinsurance Business Analyst
4 14 (16.09%) Senior
5 9 (10.34%) Developer
6 8 (9.20%) Project Manager
6 8 (9.20%) Senior Analyst
6 8 (9.20%) Senior Business Analyst
7 6 (6.90%) Architect
7 6 (6.90%) C# Developer
7 6 (6.90%) Data Modeller
7 6 (6.90%) Lead
7 6 (6.90%) Reinsurance Project Manager
8 4 (4.60%) Business Test Analyst
8 4 (4.60%) Change Manager
8 4 (4.60%) Change Project Manager
8 4 (4.60%) Consultant
8 4 (4.60%) Project Change Manager
8 4 (4.60%) Test Analyst
9 3 (3.45%) Product Owner
Libraries, Frameworks & Software Standards
1 7 (8.05%) .NET
2 4 (4.60%) ASP.NET
3 2 (2.30%) ASP.NET Web Forms
3 2 (2.30%) SOAP
3 2 (2.30%) Swagger
4 1 (1.15%) .NET Core
4 1 (1.15%) ADO
4 1 (1.15%) AngularJS
4 1 (1.15%) Blazor
4 1 (1.15%) Express.js
4 1 (1.15%) MERN Stack
4 1 (1.15%) Node.js
4 1 (1.15%) React
4 1 (1.15%) YAML
Miscellaneous
1 9 (10.34%) Product Ownership
2 3 (3.45%) Legacy Systems
3 2 (2.30%) Low-Code
3 2 (2.30%) Market Risk
4 1 (1.15%) Management Information System
Processes & Methodologies
1 35 (40.23%) Agile
2 11 (12.64%) Stakeholder Management
2 11 (12.64%) User Acceptance Testing
3 10 (11.49%) DevOps
3 10 (11.49%) Migration
4 9 (10.34%) Business Analysis
4 9 (10.34%) Requirements Gathering
5 8 (9.20%) Data Modelling
6 7 (8.05%) Business Transformation
7 6 (6.90%) MVC
7 6 (6.90%) User Stories
8 5 (5.75%) Analytics
8 5 (5.75%) Data Analysis
8 5 (5.75%) Problem-Solving
8 5 (5.75%) Project Management
8 5 (5.75%) Workshop Facilitation
9 4 (4.60%) Data Migration
9 4 (4.60%) Stakeholder Engagement
9 4 (4.60%) Target Operating Model
9 4 (4.60%) Waterfall
Programming Languages
1 8 (9.20%) C#
1 8 (9.20%) SQL
2 2 (2.30%) Python
3 1 (1.15%) Bicep
3 1 (1.15%) Java
3 1 (1.15%) T-SQL
Qualifications
1 6 (6.90%) Degree
2 2 (2.30%) Computer Science Degree
2 2 (2.30%) ISEB
2 2 (2.30%) ISTQB
3 1 (1.15%) PMI Certification
3 1 (1.15%) PMP
Quality Assurance & Compliance
1 3 (3.45%) IFRS
1 3 (3.45%) IFRS 17
1 3 (3.45%) QA
1 3 (3.45%) Solvency II
2 1 (1.15%) COBIT
2 1 (1.15%) GDPR
2 1 (1.15%) PMO
Systems Management
1 2 (2.30%) Grafana
2 1 (1.15%) Terraform
Vendors
1 13 (14.94%) Microsoft
2 3 (3.45%) Guidewire
3 1 (1.15%) MuleSoft
3 1 (1.15%) Pega
3 1 (1.15%) Salesforce