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MB-3006 - USA (North Carolina) - Actuarial Services for Workers Compensation, Property and Liability Claims - Deadline April 29,2019

Product (RFP/RFQ/RFI/Solicitation/Tender/Bid Etc.) ID: MB-3006

Government Authority located in North Carolina; USA based organization looking for expert vendor for actuarial services for workers compensation, property and liability claims.

[A] Budget: Looking for proposal

[B] Scope of Service:

(1) Vendor needs to provide actuarial services for workers compensation, property and liability claims funds to provide cost-effective, quality claims services to claimants, to analyze the city’s workers’ compensation, property, automobile and general liability loss portfolios.
- Application of multiple actuarial methodologies, including both development methods and
exposure-based methods;
- Prepare loss development triangles and select loss development factors at various historical
retentions for each line of business and entity, provide key diagnostic triangles and observations;
- Analyze and select client-specific trends for frequency, severity and loss costs;
- Analyze and provide observations on claim counts, frequency rates and claim closure rates and
provide an estimate of incurred but not reported claim counts;
- Provide summary of loss costs, frequency and severity as well as change in ultimate losses by
coverage and in total;
- Estimated ultimate loss and for the three subsequent years accident periods at retention limits requested by the city for each coverage;
- Adjust for the impact of first party property claims included in the general liability data;
- Advise confidence levels for city self-insured workers’ compensation and property, liability funds;
- Provide cost allocation methodology for department contributions into self-insured funds
- Prepare and provide a presentation of the study’s results to city representatives.
(2) All questions must be submitted no later than April 19, 2019.
(3) A contract term will be for three years.

[C] Eligibility:

Onshore (USA Only)

[D] Work Performance:

Performance of the work will be Offsite. Vendor needs to carry work in their office premises.

Expiry Date : Monday, 29 April, 2019

Question Answer Deadline : Friday, 19 April, 2019

Category : Medical Billing and Coding

Country : USA

State : North Carolina

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