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MB-3849 - USA (Georgia) - Actuarial Sciences and Services - Deadline February 28,2020

Product (RFP/RFQ/RFI/Solicitation/Tender/Bid Etc.) ID: MB-3849

Government Authority located in Georgia; USA based organization looking for expert vendor for actuarial sciences and services.

[A] Budget: Looking for proposal

[B] Scope of Service:

(1) Vendor needs to provide comprehensive actuarial study for the workers compensation program, the tort claims program, the general liability program, the automobile liability program, and the unemployment program annually by June 30 of each calendar year.
- Unpaid losses and loss adjustment expense (LAE), including incurred but not reported reserves, as of June 30, the end of the fiscal year. These reserves will be provided on both a nominal and a discounted basis, at the expected, 75%, 90% and 95% confidence levels.
- The analysis will be performed for all claims incurred between inception date of the program and June 30, end of each fiscal year.
- 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 IBNR claim counts;
- Total funding requirements for claims, loss control and administrative expenses under various scenarios as directed by the commonwealth.
(2) All the questions must be submitted no later than February 14, 2020.  

[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 : Friday, 28 February, 2020

Question Answer Deadline : Friday, 14 February, 2020

Category : Medical Billing and Coding

Country : USA

State : Georgia

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