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Risk Management Actuarial Services

This bid is for risk management actuarial services for a program based at 1225 Ferry St SE, Salem, OR 97301.

Due
January 11, 2027
64 days left
Location
Salem, OR
Oregon
Posted on
OregonBuys
Notice ID
S-10700-00017668

The original documents

Deadline: January 11, 2027

See the original on oregonbuys.gov

Bidding it yourself? Get the full package and submit on OregonBuys before January 11, 2027.

What they need

  • Annual reviewJune 30 valuations for tort liability, property, and workers’ compensation, including outstanding liabilities, incurred but not yet reported reserves, and annual funding recommendations.
  • AnalysisInclude claim payments, legal fees, and loss adjustment expenses using accepted actuarial practices consistent with GASB Statement No. 10, with agreed confidence levels and discount rates.
  • Program sizeApproximately 50,000 full-time equivalent employees and $2.7 billion in annual payroll; historical claims and exposure data will be provided.
  • SupportProject kickoff and plan, report revisions, additional data breakdowns, and reserve/funding audit support.
  • Term and pricingSix years, with potential extensions to ten years. Provide an annual review fee and fully loaded hourly rates for additional consultation.
  • QualificationsIndependent actuaries with maintained actuarial designations meeting NAIC property and casualty education and continuing education standards.

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