This Solicitation opportunity from New York was posted on September 15, 2025. The submission period has ended. Browse the details below for market research, or find similar active opportunities.
Actuarial Services
Contract Overview
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NYSIF is seeking proposals from qualified firms to provide comprehensive actuarial services, including the preparation of the annual Statement of Actuarial Opinion for the Workers’ Compensation and Disability Benefits Funds, quarterly reserve reviews, and annual liability estimates for the Aggregate Trust Fund. Additional tasks may involve developing loss payment projections, advising on Loss Cost Multiplier methodologies, creating predictive models for risk rating and pricing, recommending best practices for reserving and pricing policies, and reviewing actuarial methods used for dividend declarations for safety groups. The contract is anticipated to be awarded to a single firm for a five-year term, covering all NYS counties, with a total contract value estimated between $500,000 and $2,000,000. Interested bidders must submit their proposals by November 7, 2025, at 2:00 p.m. EST, and are responsible for monitoring the NYSIF procurement website for any updates or amendments that must be incorporated into their submissions. The solicitation emphasizes strict communication protocols, restricting contact to designated NYSIF personnel to avoid disqualification. NYSIF also encourages participation from Minority and Women’s Business Enterprises (M/WBE) and Service-Disabled Veteran-Owned Businesses (SDVOB), although there are no set-aside goals for these categories. The contract involves working within the regulatory framework of New York State, with the potential for ongoing engagement over the five-year period.
General Info
Place of Performance
NY, USASet-Aside
Documents
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Timeline
Submission Closed
Organization & Contact Information
Full Description
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