Insurance Business Analyst Jobs

Business Analyst - Insurance (Insurance BA)
UK

The median Business Analyst - Insurance (Insurance BA) salary in the UK is £80,000 per year according to job vacancies posted during the 6 months to 4 May 2024.

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

6 months to
4 May 2024
Same period 2023 Same period 2022
Rank 829 869 998
Rank change year-on-year +40 +129 -172
Permanent jobs requiring an Insurance Business Analyst 82 130 216
As % of all permanent jobs advertised in the UK 0.083% 0.13% 0.14%
As % of the Job Titles category 0.088% 0.14% 0.14%
Number of salaries quoted 79 112 195
10th Percentile £62,500 £51,250 £47,500
25th Percentile £71,250 £65,000 £60,000
Median annual salary (50th Percentile) £80,000 £75,000 £70,000
Median % change year-on-year +6.67% +7.14% +16.67%
75th Percentile £90,000 £85,000 £78,125
90th Percentile - - £83,750
UK excluding London median annual salary £52,500 £55,000 £40,000
% change year-on-year -4.55% +37.50% -30.43%

All Permanent IT Job Vacancies
UK

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.

Permanent vacancies in the UK with a recognized job title 93,212 94,769 150,357
% of permanent jobs with a recognized job title 94.62% 91.51% 96.09%
Number of salaries quoted 66,814 59,630 85,382
10th Percentile £28,500 £32,500 £32,500
25th Percentile £38,500 £45,000 £42,500
Median annual salary (50th Percentile) £52,500 £60,000 £60,000
Median % change year-on-year -12.50% - +9.09%
75th Percentile £71,250 £81,250 £78,750
90th Percentile £90,000 £100,000 £96,225
UK excluding London median annual salary £50,000 £53,000 £50,000
% change year-on-year -5.66% +6.00% +5.26%

Insurance Business Analyst
Job Vacancy Trend

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

Job vacancy trend for Insurance Business Analyst in the UK

Insurance Business Analyst
Salary Trend

3-month moving average salary quoted in jobs citing Insurance Business Analyst.

Salary trend for Insurance Business Analyst in the UK

Insurance Business Analyst
Salary Histogram

Salary distribution for jobs citing Insurance Business Analyst over the 6 months to 4 May 2024.

Salary histogram for Insurance Business Analyst in the UK

Insurance Business Analyst
Top 7 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 4 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
Permanent
IT Job Ads
Median Salary
Past 6 Months
Median Salary
% Change
on Same Period
Last Year
Live
Jobs
England +42 82 £80,000 +6.67% 8
London +80 79 £80,000 - 7
Work from Home +47 26 £80,000 +1.59% 1
UK excluding London -17 3 £52,500 -4.55% 1
East of England +23 2 - -
Yorkshire +89 1 £52,500 +10.53% 1
North of England +34 1 £52,500 +10.53% 1

Insurance Business Analyst Skill Set
Top 30 Co-occurring Skills and Capabilities

For the 6 months to 4 May 2024, Insurance Business Analyst job roles required the following skills and capabilities in order of popularity. The figures indicate the absolute number co-occurrences and as a proportion of all permanent job ads featuring Insurance Business Analyst in the job title.

1 33 (40.24%) Business Analysis
2 29 (35.37%) Inclusion and Diversity
3 28 (34.15%) Finance
4 21 (25.61%) Agile
4 21 (25.61%) Social Skills
5 20 (24.39%) Reinsurance
6 15 (18.29%) SDLC
7 13 (15.85%) User Stories
8 11 (13.41%) Target Operating Model
8 11 (13.41%) Workflow
8 11 (13.41%) Problem-Solving
9 9 (10.98%) Requirements Gathering
9 9 (10.98%) Systems Analysis
9 9 (10.98%) Stakeholder Management
9 9 (10.98%) User Acceptance Testing
10 8 (9.76%) Translating Business Requirements
10 8 (9.76%) Business Process Mapping
10 8 (9.76%) Validation
10 8 (9.76%) Decision-Making
10 8 (9.76%) Self-Motivation
10 8 (9.76%) Knowledge Transfer
10 8 (9.76%) Documentation Skills
11 7 (8.54%) Acceptance Criteria
11 7 (8.54%) Presentation Skills
11 7 (8.54%) Advertising
11 7 (8.54%) SQL
11 7 (8.54%) Waterfall
12 6 (7.32%) Lean Six Sigma
12 6 (7.32%) Requirements Analysis
12 6 (7.32%) Business Intelligence

Insurance Business Analyst Skill Set
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:

Applications
1 5 (6.10%) MS Visio
2 2 (2.44%) Microsoft Office
2 2 (2.44%) Microsoft Project
Cloud Services
1 2 (2.44%) Azure
1 2 (2.44%) Snowflake
Development Applications
1 5 (6.10%) JIRA
General
1 29 (35.37%) Inclusion and Diversity
2 28 (34.15%) Finance
3 21 (25.61%) Social Skills
4 8 (9.76%) Documentation Skills
5 7 (8.54%) Advertising
5 7 (8.54%) Presentation Skills
6 5 (6.10%) Analytical Skills
7 4 (4.88%) Influencing Skills
8 3 (3.66%) Retail
Libraries, Frameworks & Software Standards
1 1 (1.22%) XML
Miscellaneous
1 20 (24.39%) Reinsurance
2 8 (9.76%) Self-Motivation
3 5 (6.10%) Greenfield Project
4 4 (4.88%) Management Information System
5 1 (1.22%) Product Ownership
5 1 (1.22%) Robotics
5 1 (1.22%) Virtual Team
Processes & Methodologies
1 33 (40.24%) Business Analysis
2 21 (25.61%) Agile
3 15 (18.29%) SDLC
4 13 (15.85%) User Stories
5 11 (13.41%) Problem-Solving
5 11 (13.41%) Target Operating Model
5 11 (13.41%) Workflow
6 9 (10.98%) Requirements Gathering
6 9 (10.98%) Stakeholder Management
6 9 (10.98%) Systems Analysis
6 9 (10.98%) User Acceptance Testing
7 8 (9.76%) Business Process Mapping
7 8 (9.76%) Decision-Making
7 8 (9.76%) Knowledge Transfer
7 8 (9.76%) Translating Business Requirements
7 8 (9.76%) Validation
8 7 (8.54%) Acceptance Criteria
8 7 (8.54%) Waterfall
9 6 (7.32%) Lean Six Sigma
9 6 (7.32%) Project Delivery
Programming Languages
1 7 (8.54%) SQL
Qualifications
1 5 (6.10%) Degree
Quality Assurance & Compliance
1 2 (2.44%) IFRS
1 2 (2.44%) IFRS 17
2 1 (1.22%) Actionable Recommendations
2 1 (1.22%) QA