Vaccine Injury Assistance Program Actuarial Review Service

The Health Canada Vaccine Injury Assistance Program requires an actuarial review service to evaluate its financial framework and ensure long-term sustainability. The agency is seeking to forecast program costs and liabilities while determining appropriate compensation levels and payment structures. This review will identify potential financial risks, sustainability concerns, and the long-term implications of the current framework. The scope of work covers assessing whether the proposed payment structure is reasonable, equitable, actuarially sound, and consistent with best practices. The selected vendor must benchmark the payment structure against similar national and international injury compensation programs. The agency requires clear, evidence-based recommendations for any adjustments needed to maintain fairness, adequacy, and program sustainability. Eligible bidders must be onshore organizations located in Canada. The performance of the actuarial work will take place entirely offsite. The agency is currently looking for proposals to determine the budget and has not disclosed a specific funding limit or key procurement dates in the initial request.