Workers Compensation Actuarial Services and Reporting Services

The state agency is seeking a qualified vendor to provide workers compensation actuarial services and reporting services to produce an annual loss reserve amount for the state's workers compensation fund. The selected vendor must calculate a range of reserve estimates that includes case reserves on reported claims, additional development on these case reserves, pure incurred but not reported claims, reopened claims, and claims in transit. The agency requires this review to be performed separately by indemnity, medical, and expense loss types. The agency limits eligibility to onshore, United States organizations only. The selected vendor will perform all work offsite. Bidders must submit their proposals digitally via email or through the online portal, and the agency is currently looking for budget proposals to determine the cost of these services. The agency requires all questions regarding this opportunity to be submitted no later than June 29, 2026. The source document does not provide additional evaluation criteria or further key dates for this procurement.