Bradley Boban named Chief Actuary for the Maryland Insurance Administration

​BALTIMORE – Maryland Insurance Commissioner Kathleen A. Birrane has named Bradley B. Boban as Chief Actuary for the Maryland Insurance Administration (MIA).

Boban has served as Senior Actuary for the MIA since 2017. He has nearly two decades of experience in actuarial science.

“The Chief Actuary oversees and plays a critical role in the approval process for all life and health rate filings, including Affordable Care Act Filings. Brad is an accomplished and experienced fully accredited actuary who is well-respected by his peers,” Commissioner Birrane said. “I am confident that he will lead the Office of the Chief Actuary with integrity and professionalism.”

Boban will lead the 10-person Office of the Chief Actuary. The primary responsibilities of the office include:

• Review of rate requests and appropriate supporting data for compliance with Maryland laws and regulations governing health insurance, which includes long-term care, major medical, and disability coverage.
• The annual valuation and certification of the reserves held by life insurance companies domiciled in Maryland to pay future benefits.
• Tracking and analyzing various industry trends.

Prior to joining the MIA, Boban was Assistant Actuary at CareFirst BlueCross BlueShield, where he managed a three-person team in charge of pricing the individual health insurance marketplace in three states. He began his career at CareFirst in 2002 as an Actuarial Analyst.

“I am excited to serve as Chief Actuary and to help fulfill the MIA’s mission to serve all stakeholders fairly and efficiently,” Boban said.