Description
The Kentucky Transportation Cabinet's Division of Accounts is seeking a contractor to perform an actuarial analysis of the Cabinet's self-insured workers' compensation program. The contractor will be required to provide an actual valuation of the Kentucky Transportation Workers' Compensation Program as of June 30, 2026, including current liabilities, contingent liabilities, incurred but not reported liabilities, administrative expense liabilities, and any findings and recommendations. The contractor must have experience in actuarial analysis and be a member of the American Academy of Actuaries. The contract is expected to be for a period of 24 months, with an option to renew for up to two additional two-year periods.
Key aspects of the job include:
* Performing an actuarial analysis of the Kentucky Transportation Workers' Compensation Program
* Providing a valuation of the program as of June 30, 2026
* Including current liabilities, contingent liabilities, incurred but not reported liabilities, administrative expense liabilities, and any findings and recommendations
* Having experience in actuarial analysis and being a member of the American Academy of Actuaries
* Completing the work by August 30, 2026