Actuarial and Consulting Services for Insurance Risk Evaluation and Financial Health Monitoring

This contract involves providing specialized actuarial and consulting services to the Office of the Superintendent of Insurance in New Mexico. The scope includes offering technical expertise in rulemaking processes and assessing the financial stability of insurance risk-bearing entities. Key responsibilities encompass evaluating and monitoring the financial health of these entities, conducting statutory and targeted financial examinations, and estimating financial metrics critical to regulatory oversight. The contract aims to ensure the financial soundness and compliance of insurance companies operating within the state. The project is valued between $500,000 and $2,000,000, with a solicitation posted on November 20, 2024, and responses due by December 20, 2024. The primary point of contact is Michelle Montoya, reachable via email or phone. The services are to be performed within New Mexico, supporting the agency’s efforts to maintain a robust regulatory framework for the insurance industry. Interested vendors can find additional details and submit proposals through the designated procurement portal.