Insurance

Salary for position Actuary in Cayman Islands

Gross salary in Cayman Islands is

An employee's salary is influenced by several factors, primarily the region in which they work, length of experience, company size, and more.
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80% of people earn:

54K - 136K KYD

10% earn less lthan 54K KYD

10% earns more than 136K KYD

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What does the data in the graph mean?

Salaries in the survey are expressed in gross.

Based on the Paylab.com salary survey, 80% of people on the Actuary position in the Cayman Islands earn between 53,555 KYD and 136,067 KYD annually gross.

10% of employees earn less than 53,555 KYD and 10% of people earn more than 136,067 KYD.

The survey is based on data from employees, cleaned of extreme and duplicate values. By taking a free, anonymous survey, you will get a more accurate salary comparison with other people working in the same position as you.

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What kind of work does Actuary typically do

Monitoring the insurance market, developing new products and proposing changes of existing products.
Formulating insurance contracts, insurance conditions and special arrangements.
Determining premium tariffs, the amount of technical provisions in life insurance and supplementary insurance.
Preparing and updating technical business plans and manuals.
Preparing documents for the implementation of changes related to product innovation in the information system.
Creating and updating computer programs for distribution networks, pricing, taxation and technical changes in life insurance.
Testing the profitability of products.
Preparing personalised insurance offers.
Preparing documents for the assessment of non-standard changes in life insurance.
Performing and ensuring activities related to financial funds in investment life insurance.
Preparing documentation and participating in conducting methodological trainings for distribution networks.
Preparing documentation for accounting, the National Bank of Slovakia, auditors, shareholders and other entities, preparing periodic reports for the reinsurer.
Providing expert consultation on life insurance products to other units of the company.

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The most common career path of an employee

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Position Actuary in the labour market

In the salary ranking,
the job position takes

86. place

Women representation in position

n/a

Average age of respondent by position

n/a

817. place

Nursery School Teacher Assistant

Education, Science & Research

15,873 - 41,559 KYD

87. place

Product Marketing Manager

Banking

70,008 - 114,564 KYD

86. place

Actuary

Insurance

53,555 - 136,067 KYD

85. place

SAP specialist

Information Technology

60,396 - 127,032 KYD

1. place

Chief Executive Officer

Top Management

106,486 - 287,013 KYD

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Salary for the position by region, education, experience, company size, age
Distribution of respondents into wage bands
Salary range from 1st to 9th decile
A breakdown of all monitored non-financial benefits
Analysis of financial benefits

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