Actuarial Consulting Services

The Delaware Department of Insurance is seeking an independent actuarial consulting firm to provide a wide range of actuarial services across multiple insurance lines, including property & casualty rate filing reviews, workers‑comp reserve analyses, captive insurance applications, life & annuity form filings, health‑care rate reviews, and expert testimony for the Delaware Compensation Rating Bureau. The contract is for three years with two optional one‑year extensions, and the vendor must meet tight turnaround times (clean filings within 10 business days) and submit monthly invoices and usage reports. The solicitation permits partial‑scope proposals and requires the vendor to maintain required insurance coverages, comply with FOIA and confidentiality rules, and ensure all work is performed within the United States. • Scope covers P&C, workers’ comp, captive insurance, life & annuity, A&H, LTC, Medicare Supplement, and value‑based health‑care consulting. • High‑volume workload: ~190 P&C filings, ~1,808 commercial filings, ~525 life/annuity filings, ~40‑50 captive applications, and ~550‑600 captive annual financial reviews per year. • Mandatory deliverables include monthly usage reports, quarterly subcontractor reports, and itemized invoices; no bid or performance bond required.