Actuarial Services

The Texas A&M University System is soliciting qualifications for a firm to provide comprehensive actuarial services for its self-insured group health, dental, benefits, retirement, and other programs administered through the Office of Risk Management. The scope of work includes performing annual actuarial analyses for health and prescription drug plans, determining Incurred But Not Reported (IBNR) reserving levels for self-insured programs, and providing annual valuation services for Other Post-Employment Benefits in compliance with GASB 74 and 75. Additionally, the selected vendor will provide ad-hoc actuarial support and financial analyses to assist with rate development and program structure changes. The contract is anticipated to begin on November 1, 2026, with an initial term of three years and the option to extend for up to three additional years, ending no later than October 31, 2029. Awards will be based on best value, with preferences potentially given to firms with experience with Texas state agencies or those headquartered in Texas. Respondents must submit their qualifications and proposed costs by October 23, 2026. Key requirements include the execution of a HIPAA Business Associate Agreement, compliance with Texas Government Code and the Texas Public Information Act, and adherence to federal non-discrimination and safety standards.