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Provision Of Actuarial Services.

Tenders are invited for Provision Of Actuarial Services

PURPOSE:

The purpose of this Request for Proposal (RFP) is to solicit sealed proposals to establish a contract through competitive negotiation for the purchase of actuarial services to determine if and when the County of Albemarle can move from a guaranteed cost insurance program to a self-insured program for its Property & Casualty (P&C). This includes analysis of the workers compensation, property insurance, automobile physical damage and liability, general liability, public officials liability and law enforcement liability

STATEMENT OF NEEDS:

The contractor shall provide, but is not limited to, the following services: A. Premium and claim analysis for the past 10 years. B. The amount of reserve funds Albemarle County should have available for each individual line of coverage. The analysis will be based on the current limits of insurance per line of coverage. C. The self-insured losses likely to be incurred and the recommended funding for claims incurred for each line of coverage for five (5) fiscal years, beginning on July 1 of each year. D. Recommendations for alternative insurance funding if 100% self-insurance is not feasible within the next five (5) fiscal years, beginning on July 1 of each year, such as a large self-insurance retention, selfinsuring certain parts of the P&C insurance program, etc. E. Estimated cost savings to the County by moving the P&C insurance program from guaranteed cost to selfinsured. F. Upon completion of the analysis, the actuary shall prepare, furnish and deliver to the County of Albemarle current and accurate actuarial report(s) in three (3) copies covering each of the insurance lines of coverage. G. The County of Albemarle will provide the actuary contractor with the loss runs and premium amounts for the past 10 years.

All Inquiries For Information Should Submitted in Writing and Be Directed To Donna Hixon, Buyer III, at dhixon@albemarle.org or by Fax: (434) 972-4006

Major organization : COUNTY OF ALBEMARLE

Address : Purchasing Office,

401 McIntire Road,

Second Floor,Room 248,

Charlottesville, VA 22902

Contact Person: Donna Hixon,

Country :United States

Email : dhixon@albemarle.org

Tender notice number : 2016-09293-24

Notice type : Tender Notice

Open date : 2015-09-29

Tender documents : T28955630.pdf

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Publication:Mena Report
Date:Aug 25, 2015
Words:375
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