Consulting Actuary Services

The government authority in Alabama requires a US-based organization to provide offsite consulting actuary services for a new statewide program. The selected vendor must develop credible prospective loss projections despite limited historical experience, create funding recommendations, and assist with financial stability during the initial years. Additionally, the vendor must establish a methodology for annual updates based on actual experience and explain complex actuarial concepts to non-actuaries, legislators, board members, and finance officials. The buyer invites proposals to establish the budget. Bidders must submit all questions no later than September 1, 2026.