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City of Ormond Beach - Purchasing Office·Florida

Insurance Actuarial Services

Closes 9/21/2026$30k – $100kRequest for Quotation
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Description

The City of Ormond Beach is seeking professional actuarial services to support its insurance programs. The scope includes actuarial analysis, valuation of insurance liabilities, preparation of reports, and advisory consulting to ensure compliance and fiscal soundness. This engagement is intended to provide expert insight into risk assessment, premium setting, and long‑term financial planning for municipal insurance assets. • Perform actuarial calculations and valuation of existing insurance policies. • Develop detailed reports and recommendations for policy adjustments and risk mitigation. • Provide ongoing advisory support and data analysis to the city’s finance team. • Deliver deliverables in accordance with the city’s schedule and regulatory requirements. • Ensure confidentiality and accuracy of all actuarial data and methodologies used.

Attached files

The solicitation documents live at the source — open the bid source above to download them.

Contact

Kelly McGuire(Finance Director)

[email protected]

Key dates

Opened
9/4/2026
Closes
9/21/2026

Last updated

Details

Type
Request for Quotation
Industry
Insurance
NAICS
541618
Solicitation №
FQ-FQ 2026-35-0-2026/KM

Budget estimate

$30,000 – $100,000

No budget is listed (projectEstimatedBudget: 0), but typical municipal actuarial consulting projects range from 200–400 hours of expert work. Assuming an hourly rate of $150‑$250, the expected contract value falls roughly between $30,000 and $100,000. Factors influencing the range include the depth of analysis required, number of policies reviewed, and any additional advisory services requested.

AI estimate from the solicitation

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