Actuarial and Broker Services

The County of Simcoe, located in Midhurst, Ontario, is seeking actuarial and broker services to support its integrated risk insurance program. The agency requires a strategic advisor to assist the Pool and its member municipalities in managing and sustaining this multi-year, multi-line risk financing program. The selected partner will help lower risk transfer costs, implement creative risk transfer solutions, and streamline program administration. The scope of work includes performing an annual actuarial review to assess claims reserving and funding, and assisting the Pool's auditors with estimating claim liabilities for financial statements. The service provider must deliver regular and ad hoc Capital Adequacy reports, assist with budget calculations, and help develop methodologies for pool operations and level models. Additionally, the agency requires assistance in establishing self-funded ventures, such as self-insured cyber programs, environmental protections, and stop-loss models. The provider must collect, organize, and maintain detailed underwriting data from municipal clients to support insurance renewals and coordinate policy issuance, including automobile liability. All work will be performed offsite over a contract period of one year. Eligible bidders must be located onshore within Canada. The agency is seeking proposals to determine the budget for this contract. Bidders must submit all questions regarding this opportunity no later than June 26, 2026.