Actuarial Consulting Services
Solicitation number BCNRFP 3360
Publication date
Closing date and time 2023/08/09 15:00 EDT
Description
ICBC is obligated under section 23 of the Insurance Corporation Act to engage an external actuarial firm for the annual valuation of policy liabilities. As such, ICBC is seeking a qualified vendor with experience, capabilities and expertise in actuarial consulting services to fulfill this obligation in compliance with relevant laws, regulations and standards. The successful vendor is expected to assign experienced professionals (referred to in this NRFP as "Assigned Personnel") specialized in these services. And their responsibilities include:
- Primary services: Support with annual valuation of policy liabilities and quarterly reserve reviews
- Additional services: Support with BCUC application, establishment of capital targets, advice and guidance, and other actuarial services as requested
Contract duration
Refer to the description above for full details.
Trade agreements
-
Please refer to tender description or tender documents
Contact information
Contracting organization
- Organization
-
Insurance Corporation of British Columbia
- Email
- sourcing@icbc.com
Bidding details
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