Period
to 22 November 2017

The median annual salary for an Insurance Business Analyst was £57,500 in advertised job vacancies during the 6 months to 22 November 2017.

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

Business Analyst - Insurance
UK
6 months to
22 Nov 2017
Same period 2016 Same period 2015
Rank 980 861 989
Rank change year-on-year -119 +128 -32
Permanent jobs requiring an Insurance Business Analyst 203 372 321
As % of all permanent IT jobs advertised in the UK 0.11% 0.20% 0.15%
As % of the Job Titles category 0.12% 0.20% 0.15%
Number of salaries quoted 186 321 273
UK median annual salary £57,500 £55,000 £57,500
Median salary % change year-on-year +4.55% -4.35% +5.50%
10th Percentile £42,500 £41,250 £41,250
90th Percentile £73,750 £75,000 £72,250
UK excluding London median annual salary £52,500 £45,000 £45,000
% change year-on-year +16.67% - -

The following table is for comparison with the above and includes summary statistics for all permanent IT job vacancies. 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
UK
Permanent vacancies in the UK with a recognized job title 173015 183533 208123
% of permanent IT jobs with a recognized job title 95.80% 96.49% 96.46%
Number of salaries quoted 138825 153627 172837
UK median annual salary £48,000 £47,500 £45,000
Median salary % change year-on-year +1.05% +5.56% -
10th Percentile £27,500 £27,000 £26,250
90th Percentile £78,750 £77,500 £75,000
UK excluding London median annual salary £42,500 £42,500 £41,000
% change year-on-year - +3.66% +2.50%

Insurance Business Analyst
Job Vacancy Trend

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

Job vacancy trend for Insurance Business Analyst in the UK

Insurance Business Analyst
Salary Trend

This chart provides the 3-month moving average for salaries quoted in permanent IT jobs citing Insurance Business Analyst.

Salary trend for Insurance Business Analyst in the UK

Insurance Business Analyst
Salary Histogram

The salary distribution of IT jobs citing Insurance Business Analyst over the 6 months to 22 November 2017.

Salary histogram for Insurance Business Analyst in the UK

Insurance Business Analyst
Top 12 Job Locations

The table below looks at the demand and provides a guide to the median salaries quoted in IT jobs citing Insurance Business Analyst within the UK over the 6 months to 22 November 2017. 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
Permanent
IT Job Ads
Median Salary
Past 6 Months
Median Salary
% Change
on Same Period
Last Year
Live
Job
Vacancies
England -140 202 £57,500 +4.55% 4
London -91 154 £60,000 +4.35% 3
UK excluding London -29 49 £52,500 +16.67% 1
East of England -20 22 £47,500 +5.56%
South East +35 15 £60,000 +14.29% 1
North of England -4 5 £42,000 +29.23%
Yorkshire +23 4 £42,000 -
Midlands +23 4 £49,500 -3.41%
West Midlands -4 4 £49,500 -3.41%
South West -9 2 - -
North West -20 1 £62,500 +92.31%
Wales - 1 £62,500 -

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

For the 6 months to 22 November 2017, Insurance Business Analyst job roles required the following IT skills in order of popularity. The figures indicate the number co-occurrences and its proportion to all job ads featuring Insurance Business Analyst in the job title.

1 101 (49.75%) Business Analysis
2 66 (32.51%) Finance
3 60 (29.56%) SQL
4 43 (21.18%) User Acceptance Testing
5 36 (17.73%) Data Warehouse
6 35 (17.24%) Microsoft
7 30 (14.78%) Business Intelligence
8 29 (14.29%) Agile Software Development
9 28 (13.79%) SDLC
9 28 (13.79%) Reinsurance
10 27 (13.30%) Management Information System
11 25 (12.32%) Systems Analysis
12 24 (11.82%) Data Analysis
13 23 (11.33%) Analytical Skills
14 21 (10.34%) Requirements Management
15 18 (8.87%) Stakeholder Management
16 17 (8.37%) .NET
16 17 (8.37%) .NET Framework
17 16 (7.88%) Visualisation
17 16 (7.88%) Data Visualisation
18 15 (7.39%) Use Case
18 15 (7.39%) Degree
18 15 (7.39%) QA
18 15 (7.39%) Conceptual Models
19 14 (6.90%) SQL Server
19 14 (6.90%) Data Modelling
20 13 (6.40%) Waterfall
21 12 (5.91%) Test Strategy
21 12 (5.91%) Test Scripting
21 12 (5.91%) Workflow

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:

Applications
1 12 (5.91%) Microsoft Office
2 10 (4.93%) MS Visio
3 7 (3.45%) Microsoft Excel
4 1 (0.49%) Microsoft PowerPoint
Communications & Networking
1 1 (0.49%) Internet
Database & Business Intelligence
1 36 (17.73%) Data Warehouse
2 14 (6.90%) SQL Server
3 10 (4.93%) Relational Database
4 9 (4.43%) QlikView
5 8 (3.94%) BusinessObjects
5 8 (3.94%) SQL Server Reporting Services
6 7 (3.45%) RDBMS
7 6 (2.96%) Oracle Database
8 3 (1.48%) Data Mining
9 2 (0.99%) MS Access
Development Applications
1 5 (2.46%) Eclipse
General
1 66 (32.51%) Finance
2 10 (4.93%) Advertising
3 6 (2.96%) Retail
4 3 (1.48%) Back Office
4 3 (1.48%) Marketing
5 2 (0.99%) Front Office
5 2 (0.99%) Law
5 2 (0.99%) Legal
Libraries, Frameworks & Software Standards
1 17 (8.37%) .NET
1 17 (8.37%) .NET Framework
2 11 (5.42%) ASP.NET
2 11 (5.42%) WinForms
3 2 (0.99%) Natural Language Processing
3 2 (0.99%) XML
3 2 (0.99%) XML Messaging
Miscellaneous
1 28 (13.79%) Reinsurance
2 27 (13.30%) Management Information System
3 23 (11.33%) Analytical Skills
4 2 (0.99%) Fintech
5 1 (0.49%) Enterprise Software
5 1 (0.49%) User Experience
Processes & Methodologies
1 101 (49.75%) Business Analysis
2 43 (21.18%) User Acceptance Testing
3 30 (14.78%) Business Intelligence
4 29 (14.29%) Agile Software Development
5 28 (13.79%) SDLC
6 25 (12.32%) Systems Analysis
7 24 (11.82%) Data Analysis
8 21 (10.34%) Requirements Management
9 18 (8.87%) Stakeholder Management
10 16 (7.88%) Data Visualisation
10 16 (7.88%) Visualisation
11 15 (7.39%) Conceptual Models
11 15 (7.39%) Use Case
12 14 (6.90%) Data Modelling
13 13 (6.40%) Waterfall
14 12 (5.91%) Test Scripting
14 12 (5.91%) Test Strategy
14 12 (5.91%) Workflow
15 11 (5.42%) ITIL
16 10 (4.93%) User Stories
Programming Languages
1 60 (29.56%) SQL
2 12 (5.91%) C
3 6 (2.96%) PL/SQL
4 1 (0.49%) Java
4 1 (0.49%) T-SQL
Qualifications
1 15 (7.39%) Degree
2 2 (0.99%) ISEB
2 2 (0.99%) Master's Degree
2 2 (0.99%) PRINCE2 Practitioner
3 1 (0.49%) PRINCE2 Certification
Quality Assurance & Compliance
1 15 (7.39%) QA
2 6 (2.96%) GAAP
3 5 (2.46%) PMO
4 4 (1.97%) GDPR
5 3 (1.48%) Solvency II
6 2 (0.99%) Data Quality
Vendors
1 35 (17.24%) Microsoft
2 12 (5.91%) Guidewire
3 11 (5.42%) Oracle
4 9 (4.43%) Cognos
5 8 (3.94%) Tableau
6 3 (1.48%) FNZ
7 1 (0.49%) IBM
7 1 (0.49%) Informatica