This Solicitation opportunity from Maryland Insurance Administration was posted on January 10, 2024. The submission period has ended. Browse the details below for market research, or find similar active opportunities.

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Property & Casualty Actuarial Assistance (Rates and Pricing Review of the Maryland Automobile Insurance Fund (MAIF) SERFF Filing No: MAIF-133886082 personal auto (commercial auto filing -MAIF

Closed

BPM041689State & Local

Submission Closed01/16/2024, 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: 541612

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POSTED

1 day ago

DEADLINE

in about 1 month

AI Contract Overview

The Maryland Insurance Administration (MIA) is seeking to engage an experienced Actuary to review and assess the adequacy of the Maryland Automobile Insurance Fund's (MAIF) current rate filing, specifically for personal auto insurance, with the SERFF Filing No: MAIF-133886082. This procurement is conducted under the agency’s small procurement authority and aims to ensure that the rate filings are appropriate and compliant with regulatory standards. The contract will be established between the selected bidder and the MIA, with the primary objective of providing expert analysis on the rates and pricing strategies submitted by MAIF. The solicitation, identified as BPM041689, was posted on January 10, 2024, with a response deadline of January 16, 2024. The project falls under the NAICS code 541612, which pertains to actuarial services, and is managed by the Maryland Insurance Administration, a state-level regulatory agency. Interested parties are directed to contact Anthonia Chuku via email for further information and can access additional details through the provided online portal. The contract is part of the agency’s efforts to maintain sound regulatory oversight of insurance rates within Maryland’s property and casualty insurance sector.

General Info

Agency

Maryland Insurance Administration

NAICS

541612 - Human Resources Consulting Services

Place of Performance

MD, USA

Set-Aside

NONE

Documents

Amendment 1 for Solicitation MIA-PAC-24-0001 Emma BPM041689

amendment

High

IFB Bid Form - Solicitation No. MIA-PAC-24-0001

ifb

High

IFB MIA-PAC-24-0001 Property & Casualty Actuarial Assistance

ifb

High

AI Contract Breakdown

Uniform Contract Format

Timeline

PhaseClosed

PostedJan 10

Solicitation

Response DeadlineJan 16

Deadline has passed

Submission Closed

01/16/2024, 12:00:00 AM UTC

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Organization & Contact Information

AgencyMaryland Insurance Administration

Contacts1 person available

OfficeN/A

Organization / Agency

Maryland Insurance Administration

Office AddressN/A

Contacts

Anthonia CHUKU

contact@example.gov

Full Description

The Maryland Insurance Administration (MIA) is the independent State agency regulating the Maryland insurance industry. The MIA is issuing this Solicitation under its small procurement authority to procure the services of an Actuary to Analyze and determine the adequacy of MAIF's current pending rate filing. SERFF Filing No: MAIF-133886082 personal auto (commercial auto filing is MAIF-133887383) as specified in this IFB, from a contract between the successful bidder and the Maryland Insurance Administration (MIA).