Senior Actuarial Examination for Captive Insurance Companies

The contract involves conducting comprehensive actuarial audits of captive insurance companies in accordance with Michigan state regulations, requiring detailed financial analysis, risk assessment, solvency evaluations, and the preparation of regulatory reports to ensure compliance with statutory requirements. This work demands advanced actuarial expertise to analyze complex insurance structures, evaluate reserves, assess capital adequacy, and provide authoritative conclusions on the financial health and risk profile of captive entities under Michigan law. The solicitation is classified as a subcontract under NAICS code 541611, with a posting date of August 4, 2026, and a response deadline of August 12, 2026. The performing agency is the Michigan Department of Insurance and Financial Services operating under the Downtown Lansing designation, though specific location details are not provided. The work will be executed to support regulatory oversight of captives, ensuring adherence to state-mandated standards for solvency and financial reporting. Interested parties must submit proposals through the designated state portal by the stated deadline to be considered for award.