12 8413 Actuarial Services SWIF

The Commonwealth of Pennsylvania, Department of Labor and Industry, on behalf of the State Workers’ Insurance Fund (SWIF), is issuing an Invitation for Bids (IFB) to obtain professional actuarial services for workers’ compensation insurance liabilities. The contract is a fixed‑price, one‑year award with up to four one‑year renewal options, valued on an annual basis and billed semi‑annually. The lead actuary must be a member in good standing of the AAA, SOA, or CAS. Services include reserve adequacy analysis, surplus evaluation, loss‑ratio projections, catastrophic claim analysis, preparation of actuarial opinion letters and summaries, and ongoing advisory support. Deliverables are a preliminary reserve report in late January, a draft report in March, and a final report 30 days after the draft, plus periodic status and problem‑identification reports. The award will go to the lowest responsive and responsible bidder. • Scope: actuarial analysis of loss reserves, surplus, premium deficiency, catastrophic claims, and related consulting for SWIF. • Deliverables: preliminary, draft, and final actuarial reports; actuarial opinion letters; annual review of sample claims; spreadsheets and supporting exhibits. • Timeline: contract start 10/05/2026, bid due 10/23/2026, questions due 10/09/2026, reports due Jan–Mar each year. • Location: primary work at SWIF home office in Scranton, PA with meetings in Harrisburg. • Contract value: fixed‑price annual fee (estimated $150‑$300 K).