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MB-4151 - USA (Pennsylvania) - Actuarial Services for Employee Disability Program - Deadline May 27,2020

Product (RFP/RFQ/RFI/Solicitation/Tender/Bid Etc.) ID: MB-4151

Government Authority located in Pennsylvania; USA based organization looking for expert vendor for actuarial services for employee disability program.

[A] Budget: Looking for proposal

[B] Scope of Service:

(1) Vendor needs to provide an actuarial analysis and estimate of a reasonable range of reserve balances required as of the fiscal year end to cover unpaid workers’ compensation claim liabilities, including incurred but not reported claims, and forecast of expected ultimate losses and for upcoming fiscal years for losses occurring from the earliest available historical period through June 30th, 2020.
- Actuarial evaluation of the City’s medical losses, indemnity losses and allocated loss adjustment expenses.
- Forecast ultimate losses for upcoming fiscal year.
- Provide an analysis of the City’s loss experience.
- Report of loss analysis and opinion of the City’s medical losses, indemnity losses and allocated loss adjustment expenses.
- Supporting tables and data, including but not limited to: Summary of Ultimate Losses, Change in Ultimate Losses, Calculation of Discount Factors, Paid and Incurred Development, Paid and Incurred Incremental Development, Range of Reserves, Case Reserves
(2) All the questions must be submitted no later than May 13, 2020
(3) The contract period will be for one year.  

[C] Eligibility:

Onshore (US organization Only)

[D] Work Performance:

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

Expiry Date : Wednesday, 27 May, 2020

Question Answer Deadline : Wednesday, 13 May, 2020

Category : Medical Billing and Coding

Country : USA

State : Pennsylvania

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