Average Risk Modeling Manager Salary in Cayman Islands for 2026

In this article, we will look at the average Risk Modeling Manager salary for 2026 in Cayman Islands and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the Cayman Islands dollar. To keep things simple, we are using the KYD currency code instead of the currency symbol $.

How Much Does a Risk Modeling Manager Make in Cayman Islands?

A Risk Modeling Manager working in Cayman Islands will typically earn around 72,400 KYD per year, and this can range from the lowest average salary of about 35,600 KYD to the highest average salary of 109,700 KYD.

Average Annual Salary72,400 KYD
Average Monthly Salary6,033 KYD
Average Lowest Salary35,600 KYD
Lowest Monthly Salary2,966 KYD
Average Highest Salary109,700 KYD
Highest Monthly Salary9,141 KYD

These are average salaries for a Risk Modeling Manager in Cayman Islands and include benefits such as housing and transport. It's also possible for a Risk Modeling Manager to earn more or less than the average salaries shown above.

Risk Modeling Manager salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of Risk Modeling Manager Salaries in Cayman Islands

So we've looked at the average salaries a Risk Modeling Manager will earn in Cayman Islands. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Risk Modeling Manager can earn between 35,600 KYD and 109,700 KYD on average in Cayman Islands. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for a Risk Modeling Manager in Cayman Islands is 68,200 KYD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 68,200 KYD, and 50% of the population earn more than 68,200 KYD.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average Risk Modeling Manager salary in Cayman Islands, 25% of the population are earning less than 48,600 KYD while 75% of the population earn more than 48,600 KYD.

75% of the population earn less than 85,800 KYD, and 25% of the population earn more than 85,800 KYD.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

The difference between a median and an average salary

The median and average salary are both indicators you can use to see if you are being paid fairly based on the overall population.

  • If your salary is higher than the average and the median salary, you are earning well compared to others.
  • If your salary is lower than the average and the median salary, it could indicate you are not being paid well enough.
  • If you are somewhere in between then it's tricky to determine if you are being paid well enough and you might need to research more closely.

Risk Modeling Manager Salary by Experience Level in Cayman Islands

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average Risk Modeling Manager salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

  • 0 - 2 Years Experience. A Risk Modeling Manager in Cayman Islands that has less than two years of experience can expect to earn somewhere in the region of 39,500 KYD.
  • 2 - 5 Years Experience. With two to five years of experience the average Risk Modeling Manager salary would increase to 54,300 KYD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Risk Modeling Manager, the average salary would be 72,400 KYD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 87,400 KYD.
  • 15 - 20 Years Experience. A Risk Modeling Manager with 15 to 20 years of experience can earn an average of 97,400 KYD.
  • 20+ Years Experience. For a Risk Modeling Manager with more than 20 years, the expected average salary increases to 105,200 KYD.

Average Salary by Experience Chart

0-2 Years-
39,500 KYD
2-5 Years+31%
54,300 KYD
5-10 Years+40%
72,400 KYD
10-15 Years+20%
87,400 KYD
15-20 Years+9%
97,400 KYD
20+ Years+8%
105,200 KYD

Risk Modeling Manager Salary by Education Level in Cayman Islands

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for a Risk Modeling Manager in Cayman Islands based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • Bachelor's Degree. A Risk Modeling Manager in Cayman Islands with a bachelor's degree education can earn an average salary of 51,500 KYD.
  • Master's Degree. A Risk Modeling Manager in Cayman Islands with a master's degree education can earn an average salary of 90,600 KYD.

Average Salary by Education Chart

Bachelor's Degree-
51,500 KYD
Master's Degree+77%
90,600 KYD

How Much is a Master's Degree or MBA Program?

The approximate cost of a master's degree or post-graduate program like an MBA in Cayman Islands is around 16,200 to 48,600 KYD and takes two years to complete.

As you can see above, there are financial benefits from reaching master's degree level, but don't expect to see much of a salary increase until you have completed the degree.

It's common for people to pursue an MBA or other post-graduate program in order to switch to a a job that pays more. On average, you can expect to earn around 10% more when switching to a new company.

Whether you decide to pursue a master's degree depends on many factors. If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive.

Risk Modeling Manager Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In Cayman Islands, a male risk modeling manager will earn an average of 75,900 KYD, while a female risk modeling manager will earn around 64,400 KYD.

This means that a male risk modeling manager earns approximately 18% more than a female risk modeling manager for performing the same job.

Average Salary by Gender Chart in Cayman Islands

Male-
75,900 KYD
Female-18%
64,400 KYD

Risk Modeling Manager Average Pay Raise in Cayman Islands

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for a Risk Modeling Manager in Cayman Islands is around 9% every 30 months.

The national average pay raise across all professions and industries in Cayman Islands is around 5% every 28 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 9 ÷ 30 ) × 12  = 4%

What this means is that a Risk Modeling Manager in Cayman Islands can expect to receive an average pay raise of around 4% every 12 months.

Annual Pay Raise by Industry in Cayman Islands for 2026

In the chart below, you can see the average annual pay raise percentages for each of the major industries in Cayman Islands.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Banking-
4%
Energy-
8%
Information Technology-
3%
Healthcare-
7%
Travel-
2%
Construction-
6%
Education-
1%

Risk Modeling Manager Bonus and Incentive Rates in Cayman Islands

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

A Risk Modeling Manager is a moderate bonus based job, with 63% of employees reporting at least one bonus in the last 12 months.

37% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 6% to 8%.

Received Bonus-
63%
No Bonus-
37%

What are the Types of Bonus?

There are a number of difference types of bonus you can receive in a job. Including:

  • Individual performance bonus - This is a bonus that is awarded to an individual employee for general performance in the job. It's the most common type of bonus.
  • Company performance bonus - This is a bonus that is awarded to a company employees to share profit with the staff.
  • Goal based bonus - This is a bonus that is awarded to an individual employee (or a team) for achieving specific goals, objectives, or milestones.
  • Holiday bonus - This type of bonus is usually paid around the holidays, often the end of the year, and is a token of appreciation for the hard work throughout the year.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in Cayman Islands earn approximately 17% more than private sector employees in the same role.

Public Sector-
43,500 KYD
Private Sector-17%
37,200 KYD

Salaries for Jobs Similar to a Risk Modeling Manager

In the table below, we have salary information for jobs that are similar to a Risk Modeling Manager in Cayman Islands.

Job TitleCategorySalary
Actuarial AnalystInsurance52,000 KYD
Actuarial AssistantInsurance39,400 KYD
Actuarial SpecialistInsurance34,800 KYD
ActuaryInsurance51,500 KYD
Adjustment Insurance ClerkInsurance12,400 KYD
Assistant BrokerInsurance23,100 KYD
Assistant Claims ManagerInsurance40,600 KYD
Associate Insurance RepresentativeInsurance22,600 KYD
Auditing Insurance ManagerInsurance58,500 KYD
BrokerInsurance38,100 KYD
Claim Advocacy ProfessionalInsurance39,600 KYD
Claims AdjusterInsurance14,500 KYD
Claims AnalystInsurance18,200 KYD
Claims ExaminerInsurance22,600 KYD
Claims ManagerInsurance51,800 KYD
Claims ProcessorInsurance15,500 KYD
Claims RepresentativeInsurance18,300 KYD
Claims Resolution SpecialistInsurance43,500 KYD
Claims SupervisorInsurance41,700 KYD
Complaints SpecialistInsurance36,800 KYD
Compliance ExaminerInsurance39,400 KYD
Compliance OfficerInsurance29,100 KYD
Compliance ReviewerInsurance37,200 KYD
ConsultantInsurance41,700 KYD
Eligibility InterviewerInsurance41,500 KYD
Eligibility SpecialistInsurance39,100 KYD
Insurance Account ManagerInsurance48,200 KYD
Insurance Accounts ExecutiveInsurance43,500 KYD
Insurance AdjusterInsurance35,200 KYD
Insurance AgentInsurance23,400 KYD
Insurance AnalystInsurance40,500 KYD
Insurance AppraiserInsurance38,000 KYD
Insurance Claims ClerkInsurance12,400 KYD
Insurance ExaminerInsurance36,000 KYD
Insurance InvestigatorInsurance39,400 KYD
Insurance ManagerInsurance65,900 KYD
Insurance Operations ManagerInsurance66,100 KYD
Insurance Policy Processing ClerkInsurance15,300 KYD
Insurance Pricing AssistantInsurance29,100 KYD
Insurance Program ManagerInsurance49,700 KYD
Insurance Project ManagerInsurance49,700 KYD
Insurance Quality Assurance AgentInsurance30,300 KYD
Insurance Sales AgentInsurance23,100 KYD
Insurance Sales DirectorInsurance67,800 KYD
Insurance Sales ManagerInsurance53,300 KYD
Insurance Sales RepresentativeInsurance17,800 KYD
Insurance Team LeaderInsurance41,700 KYD
Insurance UnderwriterInsurance27,700 KYD
Loss Control SpecialistInsurance35,200 KYD
Loss Prevention InvestigatorInsurance40,700 KYD
Loss Prevention ManagerInsurance53,800 KYD
Loss Prevention SpecialistInsurance41,000 KYD
Marine UnderwriterInsurance29,100 KYD
Medical AuditorInsurance40,900 KYD
Monitoring and Performance OfficerInsurance27,300 KYD
Payment Services SpecialistInsurance38,000 KYD
Policy Change DirectorInsurance58,200 KYD
Policy Change SupervisorInsurance40,600 KYD
Policy Change TechnicianInsurance19,100 KYD
Risk AnalystInsurance42,700 KYD
Risk Management DirectorInsurance71,400 KYD
Risk Management SupervisorInsurance49,700 KYD
Risk ManagerInsurance77,000 KYD
Title Insurance TypistInsurance33,600 KYD
Training ManagerInsurance42,600 KYD

Cite This Resource

Use the tool below to generate a reference for this page in common citation styles.

  • <a href="https://worldsalaries.com/average-risk-modeling-manager-salary-in-cayman-islands/">Average Risk Modeling Manager Salary in Cayman Islands for 2026</a>

  • "Average Risk Modeling Manager Salary in Cayman Islands for 2026." World Salaries. Accessed March 4, 2026. https://worldsalaries.com/average-risk-modeling-manager-salary-in-cayman-islands/.

  • "Average Risk Modeling Manager Salary in Cayman Islands for 2026." World Salaries, https://worldsalaries.com/average-risk-modeling-manager-salary-in-cayman-islands/. Accessed 4 March, 2026.

  • Average Risk Modeling Manager Salary in Cayman Islands for 2026. World Salaries. Retrieved from https://worldsalaries.com/average-risk-modeling-manager-salary-in-cayman-islands/.