Actuarial Reporting Services

The Vendor is required to provide estimate outstanding net claims-related liabilities for the workers compensation, general liability, automobile (liability and property damage) and property coverages.
- Review and report on capital adequacy as of June 30, 2025, utilizing the risk factors developed in Contractor’s capital adequacy assessment.
- Estimates shall be provided net of excess insurance and both gross and net of member deductibles.
- December 31, 2025 – Rates for Policy Year 2026-27
• Loss Update. Contractor shall update ultimate loss estimates net of excess insurance and gross of member deductibles.
• Future Losses. Future losses shall be projected by coverage for the upcoming policy year taking into consideration changes in the membership of the program.
• Deductible credits. Factors for deductible credits by coverage shall be updated based on an analysis of loss experience by size of claim.
• Experience Rating/Allocation of Provision for Losses. 
• Contractor shall update the experience rating worksheets that detail by participant and coverage how the modification factors are derived. 
• Each worksheet Contractor provides shall include a ten-year historical perspective on how individual member losses compare to the overall program. 
• Contractor shall provide an estimate of the rating year provision for losses by coverage, member, and deductible election.
- Contract Period/Term: 1 year