Solvency II regulations will come into effect on 31 December 2012 and include stipulations on databases and reporting systems for insurers.
Recruitment company Rethink says that some IT workers responsible for helping companies prepare for the changes are earning as much as £225,000 a year and believes that companies are increasingly resorting to sponsoring non-EU workers.
Guy Stubbing at Rethink said: "The market is now almost entirely candidate-led. Candidates come to us and we often place them within a matter of days. Increasingly, they have more than one offer and a bidding war develops."
