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Actuarial Analysis of Loss Reserves

Active
State & Local

Contract Overview

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This subcontract through the Pennsylvania Department of Labor and Industry involves providing specialized actuarial analysis of loss reserves for prime contractors working on State Workers Insurance Fund projects. The selected provider will apply ratemaking principles and classification plans to evaluate a variety of insurance policies, including Workers Compensation, Medical Professional Liability, General Liability, Business Owners, and Umbrella or Excess policies. The primary deliverables for this engagement are the submission of both preliminary and final actuarial analysis reports. To qualify for this role, the lead consultant must hold a professional membership in the American Academy of Actuaries, the Society of Actuaries, or the Casualty Actuarial Society. The opportunity was posted on October 2, 2026, with a response deadline of October 23, 2026. The project falls under NAICS code 541990.

General Info

Actuarial analysis of loss reserves for Pennsylvania State Workers Insurance Fund projects.

Documents

This scope was carved out of 6100066762.

The full solicitation package (9 documents), including the RFP, is on the prime solicitation, not on this scope.

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12 8413 Actuarial Services SWIF

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Organization & Contact Information

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AgencyPennsylvania → Department of Labor and Industry
ContactsNo contacts available
OfficeN/A
Office AddressN/A
ContactsNo contact information available

Full Description

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Performs actuarial analysis of loss reserves for prime contractors on Commonwealth of Pennsylvania State Workers' Insurance Fund (SWIF) projects. Applies ratemaking principles and classification plans to analyze Workers' Compensation, Medical Professional Liability, General Liability, Business Owners, and Umbrella/Excess policies. Requires lead consultant membership in AAA, SOA, or CAS. Delivers preliminary and final actuarial analysis reports.

Similar Contracts

Same NAICS industry code

NAICS: 541990
New
SLED
12 8413 Actuarial Services SWIF
Solicitation # 6100066762
The Commonwealth of Pennsylvania Department of Labor and Industry, on behalf of the State Workers Insurance Fund (SWIF), is soliciting bids for professional Actuarial Services. The selected contractor will provide independent actuarial analysis and evaluation of workers compensation insurance liabilities, including loss and loss adjustment expense reserves, policyholder surplus, and loss projections. Key deliverables include a preliminary report of loss reserves due in January, a draft report in March, and a final report 30 days thereafter, along with opinions on expected loss and safely distributable surplus. The lead actuary must be a member in good standing of the American Academy of Actuaries, Society of Actuaries, or Casualty Actuarial Society, and the firm must demonstrate at least two years of experience in actuarial services, specifically involving Pennsylvania workers compensation. This is a fixed-price annual services procurement awarded to the lowest responsive and responsible bidder. The contract consists of an initial one-year term with four successive one-year renewal options at the Commonwealth's discretion. Invoicing occurs on a semi-annual basis, with payments generally issued within 15 days of receiving a proper invoice. Bidders must submit all pricing directly through the SRM portal, as separate technical or cost proposals will not be considered. Compliance requirements include adherence to Actuarial Standards of Practice, statutory accounting principles, Pennsylvania workers compensation laws, and various state labor and security regulations, including background checks and confidentiality agreements.
Department of Labor and Industry

POSTED

4 days ago

DEADLINE

in 17 days
View Details
NAICS: 541990
New
SLED
ACTUARIAL CONSULTING SERVICES
Solicitation # 017-3142902-CA
The County of Orange is soliciting proposals for Actuarial Consulting Services under solicitation number 017-3142902-CA to support the County Executive Office. The contract is structured as a three-year initial term with one optional two-year renewal, featuring a not-to-exceed annual budget of 175,000 dollars. The scope of work is divided into two primary tasks: Task I requires the performance of retiree medical valuations and the preparation of Annual Comprehensive Financial Report notes consistent with Government Accounting Standard Board requirements, while Task II covers as-needed Special Services. These special services include analyzing pension and benefit information from the Orange County Employees Retirement System, studying methods to reduce pension and retiree medical costs and liabilities, and evaluating the impact of various negotiation proposals. The selection process utilizes a two-phase scoring system where the written response accounts for 900 points and the cost proposal accounts for 100 points. Cost evaluation is based on a combination of fixed fees for Task I and the sum of hourly rates for five required labor titles, ranging from Actuarial Analyst to Partner and Vice President. Awardees must comply with various regulatory standards, including the California Political Reform Act of 1974, California Labor Code prevailing wage requirements, and federal non-discrimination laws. Additionally, the contract emphasizes a preference for Disabled Veteran Business Enterprises, requiring that at least 20 percent of the contract amount be allocated to such subcontractors if applicable. All deliverables are subject to written acceptance by the County before payment is issued in arrears via Electronic Fund Transfer.
County Executive Office - CPO

POSTED

4 days ago

DEADLINE

in 17 days
View Details

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