Period
to 22 September 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 22 September 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
22 Sep 2020
Same period 2019 Same period 2018
Rank 171 277 232
Rank change year-on-year +106 -45 +32
Permanent jobs requiring an Insurance Business Analyst 27 42 125
As % of all permanent jobs advertised in the City of London 0.69% 0.42% 1.14%
As % of the Job Titles category 0.74% 0.44% 1.19%
Number of salaries quoted 25 41 122
Median annual salary £60,000 £65,000 £60,000
Median salary % change year-on-year -7.69% +8.33% -4.00%
10th Percentile £57,500 £45,000 £44,250
90th Percentile £64,000 £76,250 £71,250
Central London median annual salary £60,500 £65,000 £60,000
% change year-on-year -6.92% +8.33% -4.00%

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 3,644 9,500 10,547
% of permanent IT jobs with a recognized job title 93.44% 95.53% 96.00%
Number of salaries quoted 3,137 8,370 9,415
Median annual salary £70,000 £65,000 £62,500
Median salary % change year-on-year +7.69% +4.00% +4.17%
10th Percentile £42,500 £36,250 £35,000
90th Percentile £100,000 £95,000 £92,500
Central London median annual salary £70,000 £65,000 £61,500
% change year-on-year +7.69% +5.69% +2.50%

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 22 September 2020.

Salary histogram for Insurance Business Analyst in the City of London

Insurance Business Analyst Skill Set
Top 29 Co-occurring IT Skills in the City of London

For the 6 months to 22 September 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 24 (88.89%) Business Analysis
2 23 (85.19%) Agile Software Development
3 16 (59.26%) Degree
3 16 (59.26%) Use Case
3 16 (59.26%) Test Scripting
3 16 (59.26%) SDLC
3 16 (59.26%) Translating Business Requirements
3 16 (59.26%) User Stories
3 16 (59.26%) Feasibility Study
3 16 (59.26%) Scenario Testing
3 16 (59.26%) Workshop Facilitation
3 16 (59.26%) Project Delivery
3 16 (59.26%) Requirements Gathering
3 16 (59.26%) Business Case
4 8 (29.63%) Analytical Skills
4 8 (29.63%) Process Management
5 7 (25.93%) Waterfall
6 6 (22.22%) Scrum
7 2 (7.41%) ACCA
7 2 (7.41%) Finance
7 2 (7.41%) Validation
7 2 (7.41%) Reinsurance
7 2 (7.41%) IFRS
8 1 (3.70%) Problem-Solving
8 1 (3.70%) MoSCoW
8 1 (3.70%) Stakeholder Management
8 1 (3.70%) Project Management
8 1 (3.70%) Workflow
8 1 (3.70%) User Acceptance Testing

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:

General
1 2 (7.41%) Finance
Miscellaneous
1 8 (29.63%) Analytical Skills
2 2 (7.41%) Reinsurance
Processes & Methodologies
1 24 (88.89%) Business Analysis
2 23 (85.19%) Agile Software Development
3 16 (59.26%) Business Case
3 16 (59.26%) Feasibility Study
3 16 (59.26%) Project Delivery
3 16 (59.26%) Requirements Gathering
3 16 (59.26%) Scenario Testing
3 16 (59.26%) SDLC
3 16 (59.26%) Test Scripting
3 16 (59.26%) Translating Business Requirements
3 16 (59.26%) Use Case
3 16 (59.26%) User Stories
3 16 (59.26%) Workshop Facilitation
4 8 (29.63%) Process Management
5 7 (25.93%) Waterfall
6 6 (22.22%) Scrum
7 2 (7.41%) Validation
8 1 (3.70%) Project Management
8 1 (3.70%) Stakeholder Management
8 1 (3.70%) Workflow
Qualifications
1 16 (59.26%) Degree
2 2 (7.41%) ACCA
Quality Assurance & Compliance
1 2 (7.41%) IFRS