Reinsurance Contracts

Reinsurance
UK

The table below looks at the prevalence of the term Reinsurance in contract job vacancies. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Reinsurance over the 6 months to 12 May 2024 with a comparison to the same period over the previous 2 years.

6 months to
12 May 2024
Same period 2023 Same period 2022
Rank 500 564 731
Rank change year-on-year +64 +167 -119
Contract jobs citing Reinsurance 86 134 135
As % of all contract jobs advertised in the UK 0.20% 0.23% 0.15%
As % of the Miscellaneous category 0.66% 0.69% 0.47%
Number of daily rates quoted 70 100 91
10th Percentile £513 £475 £463
25th Percentile £563 £550 £509
Median daily rate (50th Percentile) £600 £600 £550
Median % change year-on-year - +9.09% -
75th Percentile £634 £694 £619
90th Percentile £675 £800 £688
UK excluding London median daily rate £475 - £278

All Generic Skills
UK

Reinsurance is in the General and Transferable Skills category. The following table is for comparison with the above and provides summary statistics for all contract job vacancies with a requirement for generic IT skills.

Contract vacancies with a requirement for generic IT skills 13,028 19,354 28,993
As % of all contract IT jobs advertised in the UK 30.29% 33.27% 33.09%
Number of daily rates quoted 8,390 13,300 20,260
10th Percentile £269 £313 £313
25th Percentile £413 £450 £438
Median daily rate (50th Percentile) £540 £550 £550
Median % change year-on-year -1.82% - +10.00%
75th Percentile £663 £676 £660
90th Percentile £800 £800 £763
UK excluding London median daily rate £500 £500 £475
% change year-on-year - +5.26% +10.79%
Number of hourly rates quoted 901 636 720
10th Percentile £12.25 £9.80 £14.25
25th Percentile £15.17 £10.63 £17.00
Median hourly rate £31.25 £22.49 £27.50
Median % change year-on-year +38.98% -18.24% +3.19%
75th Percentile £61.30 £63.19 £50.00
90th Percentile £70.00 £75.00 £66.00
UK excluding London median hourly rate £28.50 £21.88 £21.00
% change year-on-year +30.29% +4.17% -12.50%

Reinsurance
Job Vacancy Trend

Job postings citing Reinsurance as a proportion of all IT jobs advertised.

Job vacancy trend for Reinsurance in the UK

Reinsurance
Contractor Daily Rate Trend

3-month moving average daily rate quoted in jobs citing Reinsurance.

Daily rate trend for Reinsurance in the UK

Reinsurance
Daily Rate Histogram

Daily rate distribution for jobs citing Reinsurance over the 6 months to 12 May 2024.

Daily rate histogram for Reinsurance in the UK

Reinsurance
Contractor Hourly Rate Trend

3-month moving average hourly rates quoted in jobs citing Reinsurance.

Hourly rate trend for Reinsurance in the UK

Reinsurance
Top 6 Contract Locations

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Reinsurance within the UK over the 6 months to 12 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
Contract
IT Job Ads
Median
Daily Rate
Past 6 Months
Median Daily Rate
% Change
on Same Period
Last Year
Live
Jobs
England +59 83 £600 - 71
London +41 81 £600 - 59
Work from Home +94 42 £588 -2.08% 23
UK excluding London +67 3 £475 - 15
East of England +9 2 £475 - 2
Scotland - 1 - - 1

Reinsurance
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:

Application Platforms
1 2 (2.33%) Mendix
2 1 (1.16%) Confluence
Applications
1 2 (2.33%) Microsoft Excel
1 2 (2.33%) Microsoft Office
1 2 (2.33%) Microsoft PowerPoint
2 1 (1.16%) Spreadsheet
Cloud Services
1 14 (16.28%) Azure
2 6 (6.98%) Azure DevOps
3 3 (3.49%) Microsoft Purview
3 3 (3.49%) Snowflake
4 2 (2.33%) GitHub
5 1 (1.16%) dbt
5 1 (1.16%) IaaS
5 1 (1.16%) PaaS
5 1 (1.16%) Power Platform
5 1 (1.16%) SaaS
Communications & Networking
1 1 (1.16%) Firewall
Database & Business Intelligence
1 7 (8.14%) Data Warehouse
2 5 (5.81%) SQL Server
3 2 (2.33%) BigQuery
3 2 (2.33%) Looker
4 1 (1.16%) MongoDB
4 1 (1.16%) Power BI
4 1 (1.16%) RDBMS
4 1 (1.16%) Relational Database
4 1 (1.16%) SQL Server Analysis Services
4 1 (1.16%) SQL Server Integration Services
4 1 (1.16%) SQL Server Reporting Services
Development Applications
1 4 (4.65%) Visual Studio
2 3 (3.49%) Eclipse
2 3 (3.49%) Team Foundation Server
3 2 (2.33%) Git
3 2 (2.33%) JIRA
3 2 (2.33%) TeamCity
4 1 (1.16%) Appium
4 1 (1.16%) Selenium
General
1 25 (29.07%) Inclusion and Diversity
2 19 (22.09%) Finance
3 16 (18.60%) Social Skills
4 9 (10.47%) Analytical Skills
5 3 (3.49%) Banking
5 3 (3.49%) Legal
6 2 (2.33%) Influencing Skills
6 2 (2.33%) Organisational Skills
Job Titles
1 36 (41.86%) Analyst
2 24 (27.91%) Business Analyst
3 18 (20.93%) Reinsurance Business Analyst
4 12 (13.95%) Senior
5 9 (10.47%) Developer
6 8 (9.30%) Senior Analyst
6 8 (9.30%) Senior Business Analyst
7 6 (6.98%) Architect
7 6 (6.98%) Business Test Analyst
7 6 (6.98%) C# Developer
7 6 (6.98%) Data Modeller
7 6 (6.98%) Lead
7 6 (6.98%) Project Manager
7 6 (6.98%) Reinsurance Project Manager
7 6 (6.98%) Test Analyst
8 5 (5.81%) UAT Analyst
8 5 (5.81%) UAT Test Analyst
9 4 (4.65%) Consultant
10 3 (3.49%) Microsoft Consultant
10 3 (3.49%) Senior Microsoft Consultant
Libraries, Frameworks & Software Standards
1 7 (8.14%) .NET
2 3 (3.49%) ASP.NET
2 3 (3.49%) ASP.NET Web Forms
3 2 (2.33%) SOAP
3 2 (2.33%) Swagger
4 1 (1.16%) .NET Core
4 1 (1.16%) ADO
4 1 (1.16%) AngularJS
4 1 (1.16%) Blazor
4 1 (1.16%) Express.js
4 1 (1.16%) MERN Stack
4 1 (1.16%) Node.js
4 1 (1.16%) React
4 1 (1.16%) YAML
Miscellaneous
1 9 (10.47%) Product Ownership
2 3 (3.49%) Legacy Systems
3 2 (2.33%) Low-Code
3 2 (2.33%) Market Risk
4 1 (1.16%) Management Information System
Processes & Methodologies
1 36 (41.86%) Agile
2 12 (13.95%) User Acceptance Testing
3 11 (12.79%) Migration
4 9 (10.47%) DevOps
4 9 (10.47%) Stakeholder Management
5 8 (9.30%) Business Analysis
5 8 (9.30%) Data Modelling
5 8 (9.30%) Requirements Gathering
6 6 (6.98%) Data Migration
6 6 (6.98%) MVC
6 6 (6.98%) Problem-Solving
6 6 (6.98%) User Stories
7 5 (5.81%) Business Transformation
7 5 (5.81%) Data Analysis
7 5 (5.81%) Scenario Testing
7 5 (5.81%) Workshop Facilitation
8 4 (4.65%) Analytics
8 4 (4.65%) Decision-Making
8 4 (4.65%) Project Management
8 4 (4.65%) Waterfall
Programming Languages
1 8 (9.30%) C#
1 8 (9.30%) SQL
2 2 (2.33%) Python
3 1 (1.16%) Bicep
3 1 (1.16%) Java
3 1 (1.16%) T-SQL
Qualifications
1 5 (5.81%) Degree
2 2 (2.33%) Computer Science Degree
2 2 (2.33%) ISEB
2 2 (2.33%) ISTQB
Quality Assurance & Compliance
1 3 (3.49%) IFRS
1 3 (3.49%) IFRS 17
1 3 (3.49%) QA
1 3 (3.49%) Solvency II
2 1 (1.16%) GDPR
2 1 (1.16%) PMO
Systems Management
1 2 (2.33%) Grafana
2 1 (1.16%) Terraform
Vendors
1 12 (13.95%) Microsoft
2 3 (3.49%) Guidewire
3 1 (1.16%) MuleSoft
3 1 (1.16%) Pega
3 1 (1.16%) Salesforce