This Solicitation opportunity from Vermont was posted on December 30, 2024. The submission period has ended. Browse the details below for market research, or find similar active opportunities.

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Actuarial Reviews Of Property & Casualty Insurance

Closed

61982State & Local

Submission Closed02/28/2025, 12:00:00 AM UTC

Contract Overview

Solicitation details, issuing organization, response deadlines, documents, and interested companies for this government contract opportunity.

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NAICS: 524298

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Employee Relations

POSTED

about 1 month ago

DEADLINE

in 8 days

AI Contract Overview

The Vermont Department of Financial Regulation is seeking proposals from qualified firms to conduct actuarial reviews of property and casualty insurance rate filings and provide actuarial analysis consulting services. The goal is to ensure that insurance rates and benefits offered to Vermont residents are fair, competitive, and aligned with industry standards. The work requires a comprehensive understanding of the Vermont insurance market, familiarity with financial standards, and adherence to the examination requirements set by the National Association of Insurance Commissioners (NAIC). The contract aims to support the Department’s mission of maintaining a healthy insurance market that benefits consumers while ensuring regulatory compliance. The solicitation, titled "Actuarial Reviews Of Property & Casualty Insurance," was posted on December 30, 2024, with a response deadline of February 28, 2025. The contract value is estimated to range from $50,000 to $250,000, and the project falls under NAICS code 524298. Interested firms can contact Thomas Taylor via email or phone for further details. The Department emphasizes the importance of actuarial expertise, market familiarity, and regulatory knowledge to successfully fulfill the contract requirements. More information about the bid can be accessed through the Vermont Business Registry link provided.

General Info

Agency

Vermont Department of Financial Regulation

NAICS

524298 - All Other Insurance Related Activities

Place of Performance

VT, USA

Set-Aside

NONE

Documents

No documents available

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Timeline

PhaseClosed

PostedDec 30

Solicitation

Response DeadlineFeb 28

Deadline has passed

Submission Closed

02/28/2025, 12:00:00 AM UTC

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Organization & Contact Information

AgencyVermont Department of Financial Regulation

Contacts1 person available

OfficeN/A

Organization / Agency

Vermont Department of Financial Regulation

Office AddressN/A

Contacts

Thomas Taylor

contact@example.gov

+1 (555) 000-0000

Full Description

Vermont Department of Financial Regulation is seeking bid proposals from firms competent to perform actuarial reviews of property and casualty rate filings and actuarial analysis consulting work for the Department. The Department is seeking fair insurance rates and benefits for the citizens of Vermont by maintaining a vigorous and competitive insurance market. The nature of the work sought by the Department in this Request for Proposal requires a broad range of actuarial and business expertise. The performance of these duties requires sensitivity to, and familiarity with, the Vermont insurance market, familiarity with general financial standards, examination requirements and standards of the National Association of Insurance Commissioners (“NAIC”), and Vermont’s insurance.