Actuarial Review Services of Insurance Reserve and Risk Financing Strategy

A government authority located in Alberta seeks a registered Canadian organization to provide offsite actuarial review services for its insurance reserve and risk financing strategy. The buyer requires an independent actuarial review to evaluate historical claims experience, outstanding liabilities, emerging risk trends, and inflationary impacts on claims costs. The successful bidder must conduct loss development and trend analysis, establish inflation and exposure trend assumptions, and perform catastrophic loss modeling and sensitivity testing. Additionally, the scope includes providing recommendations for reserve adequacy, optimal reserve funding, budgeted reserve transfers, and strategies to optimize traditional insurance coverage, such as retaining additional risk internally, increasing deductible levels, and creating formal self-insurance funding thresholds. The buyer requests proposals to determine the budget. Interested vendors must register on the issuing authority's website to download the unwatermarked RFP, and vendors must submit all questions no later than September 14, 2026.