Period
to 25 May 2020

The median annual salary for an Insurance Business Analyst was £60,000 in advertised job vacancies in the City of London during the 6 months to 25 May 2020.

The first table below provides salary benchmarking and summary statistics including a comparison to same period in the previous 2 years.

Business Analyst - Insurance
Central London > City of London
6 months to
25 May 2020
Same period 2019 Same period 2018
Rank 223 281 291
Rank change year-on-year +58 +10 -11
Permanent jobs requiring an Insurance Business Analyst 45 43 50
As % of all permanent jobs advertised in the City of London 0.65% 0.42% 0.47%
As % of the Job Titles category 0.68% 0.44% 0.49%
Number of salaries quoted 42 39 48
Median annual salary £60,000 £65,000 £57,500
Median salary % change year-on-year -7.69% +13.04% -8.00%
10th Percentile £36,250 £45,000 £44,250
90th Percentile £73,750 £76,250 £69,000
Central London median annual salary £60,000 £65,000 £57,500
% change year-on-year -7.69% +13.04% -8.00%

The following table is for comparison with the above and includes summary statistics for all permanent IT job vacancies advertised in the City of London. 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 permanent jobs in our overall sample.

All Permanent IT Job Vacancies
City of London
Permanent vacancies in the City of London with a recognized job title 6,578 9,668 10,288
% of permanent IT jobs with a recognized job title 94.47% 95.41% 95.98%
Number of salaries quoted 5,723 8,606 9,128
Median annual salary £67,500 £65,000 £61,625
Median salary % change year-on-year +3.85% +5.48% +2.71%
10th Percentile £38,750 £35,125 £36,250
90th Percentile £97,500 £95,000 £93,750
Central London median annual salary £67,500 £65,000 £60,000
% change year-on-year +3.85% +8.33% +4.35%

Insurance Business Analyst
Job Vacancy Trend in the City of London

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

Job vacancy trend for Insurance Business Analyst in the City of London

Insurance Business Analyst
Salary Trend in the City of London

3-month moving average salary quoted in jobs citing Insurance Business Analyst in the City of London.

Salary trend for Insurance Business Analyst in the City of London

Insurance Business Analyst
Salary Histogram in the City of London

Salary distribution for jobs citing Insurance Business Analyst in the City of London over the 6 months to 25 May 2020.

Salary histogram for Insurance Business Analyst in the City of London

Insurance Business Analyst Skill Set
Top 30 Co-occurring IT Skills in the City of London

For the 6 months to 25 May 2020, Insurance Business Analyst job roles required the following IT skills in order of popularity. The figures indicate the absolute number co-occurrences and as a proportion of all permanent job ads across the City of London region featuring Insurance Business Analyst in the job title.

1 31 (68.89%) Business Analysis
2 25 (55.56%) Degree
3 23 (51.11%) Project Delivery
4 22 (48.89%) Translating Business Requirements
5 20 (44.44%) Requirements Gathering
6 18 (40.00%) Agile Software Development
7 16 (35.56%) SDLC
7 16 (35.56%) Use Case
7 16 (35.56%) User Stories
8 14 (31.11%) Test Scripting
9 13 (28.89%) User Acceptance Testing
9 13 (28.89%) Scenario Testing
9 13 (28.89%) Feasibility Study
10 12 (26.67%) Computer Science
10 12 (26.67%) Management Information System
11 10 (22.22%) Guidewire
11 10 (22.22%) Reinsurance
12 9 (20.00%) Power BI
12 9 (20.00%) Target Operating Model
12 9 (20.00%) Business Analytics
12 9 (20.00%) Analytics
12 9 (20.00%) Regulatory Compliance
12 9 (20.00%) Power Platform
12 9 (20.00%) Computer Science Degree
12 9 (20.00%) Business Continuity Planning
12 9 (20.00%) Business Intelligence
12 9 (20.00%) Microsoft
12 9 (20.00%) BCP
12 9 (20.00%) Project Management
12 9 (20.00%) SQL

Insurance Business Analyst Skill Set
Co-occurring IT Skills in the City of London 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 (2.22%) SharePoint
Applications
1 1 (2.22%) Microsoft Excel
1 1 (2.22%) Microsoft PowerPoint
1 1 (2.22%) Microsoft Project
1 1 (2.22%) MS Visio
Cloud Services
1 9 (20.00%) Power Platform
2 3 (6.67%) Azure
Database & Business Intelligence
1 9 (20.00%) Data Warehouse
1 9 (20.00%) Power BI
Development Applications
1 3 (6.67%) JIRA
1 3 (6.67%) Team Foundation Server
2 1 (2.22%) Eclipse
General
1 3 (6.67%) Billing
2 1 (2.22%) Finance
Miscellaneous
1 12 (26.67%) Management Information System
2 10 (22.22%) Reinsurance
3 4 (8.89%) Analytical Skills
4 1 (2.22%) Greenfield Project
Processes & Methodologies
1 31 (68.89%) Business Analysis
2 23 (51.11%) Project Delivery
3 22 (48.89%) Translating Business Requirements
4 20 (44.44%) Requirements Gathering
5 18 (40.00%) Agile Software Development
6 16 (35.56%) SDLC
6 16 (35.56%) Use Case
6 16 (35.56%) User Stories
7 14 (31.11%) Test Scripting
8 13 (28.89%) Feasibility Study
8 13 (28.89%) Scenario Testing
8 13 (28.89%) User Acceptance Testing
9 12 (26.67%) Computer Science
10 9 (20.00%) Analytics
10 9 (20.00%) Business Analytics
10 9 (20.00%) Business Continuity Planning
10 9 (20.00%) Business Intelligence
10 9 (20.00%) Information Management
10 9 (20.00%) Migration
10 9 (20.00%) Target Operating Model
Programming Languages
1 9 (20.00%) SQL
2 3 (6.67%) C
Qualifications
1 25 (55.56%) Degree
2 9 (20.00%) Computer Science Degree
Quality Assurance & Compliance
1 3 (6.67%) QA
Vendors
1 10 (22.22%) Guidewire
2 9 (20.00%) Microsoft