Actuarial Analysis of Projected Liability and Assessment Mechanism

The Maryland Subsequent Injury Fund is seeking a contractor to provide actuarial analysis of projected liability and assessment mechanism. The contractor will be required to perform actuarial analysis on the present claim caseload of the SIF, impleaded but not yet awarded cases, and develop a logical estimation of future cases and their liability over the next ten years. The contractor will also be required to develop a logical estimation of income to the Agency over the next ten years. The contract duration is approximately six months, with the possibility of extension at the sole discretion of the Maryland Subsequent Injury Fund. Key aspects of the job include: • Perform actuarial analysis on the present claim caseload of the SIF to determine the Agency’s known liabilities over the next ten years • Perform actuarial analysis on impleaded but not yet awarded cases • Develop a logical estimation of future cases and their liability over the next ten years • Develop a logical estimation of income to the Agency over the next ten years • Testify before Boards, Legislative and administrative bodies in support of actuarial positions and/or the principles used in valuing subsequent (or second) injury funds