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 18 April 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
18 Apr 2024
Same period 2023 Same period 2022
Rank 808 869 1004
Rank change year-on-year +61 +135 -197
Permanent jobs requiring an Insurance Business Analyst 89 132 208
As % of all permanent jobs advertised in the UK 0.092% 0.12% 0.14%
As % of the Job Titles category 0.097% 0.13% 0.14%
Number of salaries quoted 86 114 187
10th Percentile £60,000 £51,250 £47,500
25th Percentile £70,000 £65,313 £58,750
Median annual salary (50th Percentile) £80,000 £75,000 £70,000
Median % change year-on-year +6.67% +7.14% +16.67%
75th Percentile £89,375 £82,500 £76,250
90th Percentile £90,000 £85,000 £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 92,025 97,996 146,640
% of permanent jobs with a recognized job title 94.63% 91.64% 96.02%
Number of salaries quoted 66,479 61,282 85,815
10th Percentile £28,500 £32,500 £32,500
25th Percentile £38,500 £45,000 £42,500
Median annual salary (50th Percentile) £53,000 £60,000 £60,000
Median % change year-on-year -11.67% - +9.09%
75th Percentile £71,250 £81,250 £78,750
90th Percentile £90,000 £100,000 £96,250
UK excluding London median annual salary £50,000 £52,500 £50,000
% change year-on-year -4.76% +5.00% +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 18 April 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 18 April 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 +89 88 £80,000 +6.67% 4
London +117 83 £80,000 - 4
Work from Home +68 28 £80,000 - 3
UK excluding London +11 5 £52,500 -4.55%
Yorkshire +80 3 £52,500 +10.53%
North of England +56 3 £52,500 +10.53%
East of England +29 2 - -

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

For the 6 months to 18 April 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 36 (40.45%) Business Analysis
2 33 (37.08%) Finance
3 31 (34.83%) Inclusion and Diversity
4 27 (30.34%) Social Skills
5 21 (23.60%) Reinsurance
5 21 (23.60%) Agile
6 16 (17.98%) SDLC
7 15 (16.85%) User Stories
8 13 (14.61%) Workflow
8 13 (14.61%) Target Operating Model
9 12 (13.48%) Decision-Making
9 12 (13.48%) Problem-Solving
9 12 (13.48%) User Acceptance Testing
10 11 (12.36%) Validation
11 9 (10.11%) Self-Motivation
11 9 (10.11%) Acceptance Criteria
11 9 (10.11%) Requirements Gathering
11 9 (10.11%) Knowledge Transfer
11 9 (10.11%) Documentation Skills
11 9 (10.11%) Stakeholder Management
12 8 (8.99%) Migration
12 8 (8.99%) GAP Analysis
12 8 (8.99%) Business Process Mapping
12 8 (8.99%) Translating Business Requirements
13 7 (7.87%) Analytical Skills
13 7 (7.87%) Creative Thinking
13 7 (7.87%) Presentation Skills
13 7 (7.87%) Influencing Skills
13 7 (7.87%) SQL
13 7 (7.87%) Advertising

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 (5.62%) MS Visio
2 2 (2.25%) Microsoft Office
2 2 (2.25%) Microsoft Project
Cloud Services
1 3 (3.37%) SaaS
2 2 (2.25%) Azure
2 2 (2.25%) Snowflake
Database & Business Intelligence
1 3 (3.37%) SQL Server
2 1 (1.12%) Data Lake
2 1 (1.12%) Data Warehouse
Development Applications
1 5 (5.62%) JIRA
General
1 33 (37.08%) Finance
2 31 (34.83%) Inclusion and Diversity
3 27 (30.34%) Social Skills
4 9 (10.11%) Documentation Skills
5 7 (7.87%) Advertising
5 7 (7.87%) Analytical Skills
5 7 (7.87%) Influencing Skills
5 7 (7.87%) Presentation Skills
6 1 (1.12%) Retail
Miscellaneous
1 21 (23.60%) Reinsurance
2 9 (10.11%) Self-Motivation
3 6 (6.74%) Greenfield Project
4 4 (4.49%) Management Information System
5 1 (1.12%) Product Ownership
5 1 (1.12%) Robotics
5 1 (1.12%) Virtual Team
Processes & Methodologies
1 36 (40.45%) Business Analysis
2 21 (23.60%) Agile
3 16 (17.98%) SDLC
4 15 (16.85%) User Stories
5 13 (14.61%) Target Operating Model
5 13 (14.61%) Workflow
6 12 (13.48%) Decision-Making
6 12 (13.48%) Problem-Solving
6 12 (13.48%) User Acceptance Testing
7 11 (12.36%) Validation
8 9 (10.11%) Acceptance Criteria
8 9 (10.11%) Knowledge Transfer
8 9 (10.11%) Requirements Gathering
8 9 (10.11%) Stakeholder Management
9 8 (8.99%) Business Process Mapping
9 8 (8.99%) GAP Analysis
9 8 (8.99%) Migration
9 8 (8.99%) Translating Business Requirements
10 7 (7.87%) Systems Analysis
10 7 (7.87%) Waterfall
Programming Languages
1 7 (7.87%) SQL
Qualifications
1 5 (5.62%) Degree
Quality Assurance & Compliance
1 3 (3.37%) Data Quality
2 2 (2.25%) IFRS
2 2 (2.25%) IFRS 17
3 1 (1.12%) Actionable Recommendations
3 1 (1.12%) QA