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Actuarial Services


Location
Texas
Publication Date
08/13/2019 08:07 AM EDT
Closing Date
08/21/2019 11:00 AM EDT
Issuing Organization
San Antonio Water System
Solicitation Number
Description

Specifications include, but are not limited to: • Consultant shall conduct a comprehensive annual actuarial analysis of SAWS' self-insured workers compensation and liability programs. The actuarial analysis shall be conducted by a licensed Independent Consulting Actuary who is a member of the Casualty Actuarial Society. The actuarial analysis shall commence at the end of the current contract, set to expire December 31, 2019 with draft copies due to the SAWS Director of Risk Management by the third week of the following month after execution, and separate final reports for workers’ compensation, general liability and automobile liability provided to SAWS Director of Risk Management no later than one month after draft copies are due. • Consultant shall provide an estimate of the unpaid loss and ALAE for SAWS’ workers' compensation, general liability, and auto liability programs. This estimate will include a provision for known claims as of December 31st of the most recent closed year, as well as claims which have occurred but have not yet been reported (i.e., incurred but not reported or IBNR claims) to SAWS. • Estimates shall be provided at expected, 75%, and 90% probability at for undiscounted, 1%, 2%, 3%, and 4% discounts separately for auto liability, general liability and workers’, compensation, at various retention levels for workers' compensation and general liability, and at no excess for auto liability. Tables shall reflect these options for both Net Loss & ALAE Reserves, and Net Loss & ALAE Funding.

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