Tennessee Department of General Services #30901-64926

Tennessee Seeks Actuarial Consulting Services for Workers' Compensation Advisory Council

The State of Tennessee, Department of Treasury, is seeking actuarial consulting services to support the Tennessee Advisory Council on Workers' Compensation. - Government Buyer: - State of Tennessee, Department of Treasury, Advisory Council on Workers' Compensation - Primary OEMs and Vendors: - By The Numbers Actuarial Consulting, Inc. (BYNAC) (incumbent and past contractor) - National Council on Compensation Insurance, Inc. (NCCI) (source of filings to be analyzed) - Products/Services Requested: - Actuarial consulting services focused on: - Evaluation and analysis of NCCI's annual Loss Cost Rate Filings for Tennessee's voluntary workers' compensation insurance market - Review of data, methodologies, and trend factors used by NCCI - Preparation of detailed written actuarial reports and oral presentations to the Advisory Council - Additional ad hoc actuarial consulting services as requested by the Council - Unique or Notable Requirements: - Ability to analyze complex insurance filings and actuarial data - Experience presenting technical findings to a public advisory body - Services are delivered annually, with additional hourly consulting available upon request - No specific products or part numbers; this is a professional services engagement - Contract value is capped and additional services are limited to a percentage of the maximum liability

Description

This solicitation is a Request for Proposals (RFP) issued by the State of Tennessee, Department of Treasury, seeking actuarial consulting services for the Tennessee Advisory Council on Workers' Compensation. The services include evaluation of the annual National Council on Compensation Insurance, Inc. (NCCI) filings related to advisory prospective loss costs and rating values for the Tennessee voluntary workers compensation insurance market. The contractor will analyze data, methodologies, trend factors, and provide written and oral reports to the Advisory Council. The contract includes ongoing annual evaluations and may include additional actuarial consulting services as requested by the Advisory Council.

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