Insurance Contract Jobs in Cambridge
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6 Month Fixed Term Contract Project Manager (Regulatory & Compliance) - London M...
Posted 3 days ago by Michael James Associates
6 Month Fixed Term Contract Project Manager - London Market Insurance, The City, LondonMy client, a London Market insura...
- Rate Not specified
- Category Fixed-Term
- Work type Not specified
- Location The City, London
Senior Reinsurance Specialist (12 Months FTC)
Posted 3 days ago by AXA
Ceded Reinsurance - Senior Reinsurance Specialist (12 Month FTC)AXA XL is an Equal Opportunity Employer.London, England,...
- Rate Not specified
- Category Not specified
- Work type Not specified
- Location City of London, England, United Kingdom
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12 Month Fixed Term Contract Project Manager - London Market Insurance, The City...
Posted 4 days ago by Michael James Associates
12 Month Fixed Term Contract Project Manager - London Market Insurance, The City, LondonMy client, a London Market insur...
- Rate Not specified
- Category Fixed-Term
- Work type Not specified
- Location The City, London
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About Our Insurance Contract Roles in Cambridge
What does a insurance contractor do?
The insurance sector is a significant and specialist contracting market in the UK, engaging professionals across actuarial, technology, data, finance, risk, compliance, and change management disciplines on a fixed-term basis to support Lloyd's of London, the London Market, retail insurance, life and pensions, and the wider specialty insurance ecosystem. Insurance contractors are brought in during regulatory change programmes, technology modernisation projects, actuarial workload peaks, claims transformation initiatives, and when specialist knowledge of insurance products, regulation, or market practice is needed quickly for a defined project. The concentration of insurance activity in the London Market, combined with the specialist regulatory environment governed by the PRA and the FCA, creates a distinct and active contracting market with its own rate dynamics and talent pools.
The skills most valued in insurance contracting reflect the technical complexity and regulatory intensity of the sector. Actuarial contractors need qualification with the Institute and Faculty of Actuaries alongside practical experience in the relevant discipline, whether pricing, reserving, capital modelling, or longevity. Technology contractors working in the Lloyd's and London Market need familiarity with the ACORD messaging standards, Lloyd's Blueprint 2 digital transformation programme, and the complex legacy systems that underpin market operations. Compliance and regulatory contractors need deep knowledge of Solvency II, the FCA's ICOBS and PROD rules, and the specific governance and reporting requirements that apply to insurers and Lloyd's managing agents. Finance contractors benefit significantly from experience with insurance-specific accounting treatments including IFRS 17.
What is the market like for insurance contractors?
Insurance contracting in the UK is a consistently active specialist market, concentrated primarily in London but with significant activity in regional centres including Norwich, Edinburgh, and Cheltenham. Lloyd's of London and the London Market continue to generate substantial contractor demand across actuarial, technology, and change management disciplines, particularly as the Blueprint 2 digital transformation programme continues to drive significant change across the market. The implementation of IFRS 17 has been a major source of finance and actuarial contract demand in the insurance sector over the past two years. Rates in insurance contracting reflect the specialist sector knowledge required and are generally at a premium above equivalent roles in other financial services subsectors.
What is the contracting market like in Cambridge?
Few UK cities match the specificity of Cambridge's contracting opportunities. The life sciences, biotechnology, and deep technology ecosystem that has grown around the university and its research parks sustains work in scientific computing, bioinformatics, embedded systems, regulatory affairs, and clinical data at a scale and depth concentrated almost nowhere else. Beyond life sciences, telecommunications, chip design, and enterprise software employers broaden the range of engineering and development work available. Employers in Cambridge seek deep domain expertise and pay accordingly: rates for specialist disciplines frequently match or exceed London, though the overall volume of opportunities is smaller and concentrated in a narrower set of sectors. Contractors without a relevant scientific or deep technical background will find the market less accessible than its reputation might suggest.
How much do insurance contractors usually earn in Cambridge?
Contract rates for insurance roles in Cambridge typically range from £473 to £893 per day, depending on the scope of the role, required expertise, and the delivery expectations of the engagement.
How many insurance vacancies in Cambridge are there on Quality Contracts?
Over the past twelve months, we have tracked over 230 insurance contract roles across the site, with Cambridge maintaining consistent volume. Data reviewed up to July 2026.