Actuarial Consulting Services

Solicitation number BCNRFP_3360

Publication date

Closing date and time 2023/08/09 15:00 EDT

    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
    Vendors interested in this opportunity may access the NRFP documents through ICBC's Bonfire platform ( All inquiries, submissions, and communications related to this NRFP must be conducted through Bonfire.

    Contract duration

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    Trade agreements

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    Contact information

    Contracting organization

    Insurance Corporation of British Columbia
    Bidding details

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