conduct a loss reserve and funding analysis of the self-insured and fully-insured risks and exposures with regard to automobile liability, general liability, worker’s compensation self-insurance, property insurance deductible funds and provide actuarial analysis, estimates and recommendations for the following: A. The City’s exposure with regard to IBNR; B. Indicated funding for retained exposures; C. Development of $100,000 loss estimate; D. Development of excess losses; E. Loss reserve analysis for each category to include confidence level estimates; F. Unless otherwise agreed upon by the City, the firm will meet at minimum once annually in Wichita, Kansas to present the actuarial report to City Staff, and the firm is willing to make a presentation to the elected officials as called upon. G. At least five (5) bound copies of the report and an electronic version shall be delivered to the City of Wichita no later than March 15th of each year. Such report shall include: Narrative Report 1. Summary of Results, Observations and Recommendations 2. Comments on the Nature of Actuarial Projections and Funding Recommendations 3. Discussion of the Actuarial Calculations and Exhibits 4. And such detailed reports as the City may require
