Delaware My Market Place #DOI26002-ACTUARIAL

Delaware Department of Insurance Actuarial Consulting Services Solicitation

The State of Delaware Department of Insurance is seeking an independent actuarial consulting firm to provide a range of professional services. - Government Buyer: State of Delaware Department of Insurance - No specific OEMs or product manufacturers are named; this is a professional services procurement - Services requested: - Actuarial consulting for property and casualty rate and rule filings reviews - Workers compensation loss reserves analysis - Annual Delaware Compensation Rating Bureau filing review - Captive insurance applications and financial reviews - Accident and health rate filing reviews - Life and annuity form filing reviews - Consulting for value-based health care delivery - Long-term care and Medicare Supplement rate analysis - Discretionary non-billable services: legislative advice, staff inquiries, expert advice, NAIC inquiry responses, loss reserve discount rate reviews, and reinsurance agreement reviews - Contract duration: Three years with two optional one-year extensions (up to five years total) - Pricing must remain fixed through the initial three-year term - Vendors must: - Hold all required Delaware licenses and certifications - Provide proof of insurance - Demonstrate relevant experience and provide references - Ensure all non-public State of Delaware data remains within the United States - Disclose any contractual relationships with insurance entities (preference for independence from the insurance industry) - Monthly invoicing is required for billable services

Description

The State of Delaware Department of Insurance is seeking professional services to hire an independent contractor for actuarial consulting services. The solicitation outlines the scope of work, requirements for vendors, and administrative procedures. Proposals must include Delaware licenses or certifications, proof of insurance, and disclosures of any contractual relationships with insurance entities. The solicitation was posted on June 22, 2026, with a response deadline of July 16, 2026, at 4:00 PM local time.

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