Government Contract | Oregon
Economic Capital Model Analysis

Bid Information

Bid Alert No: 00000407098

Bid Title: Economic Capital Model Analysis

Agency Bid No. Title: 68

Received Date: 11/02/2015

Close Date: 11/25/2015

Purchase Type: Not Stated

Delivery Point: Oregon

Delivery Date: Not Stated

Special Notices: Questions Due By 11/11/2015 05:00 PM


Specifications include, but are not limited to:1. developing a capital management framework to be used in measuring financialperformance for making important decisions relative to capital adequacy, costallocation, product development, product pricing, losses and reinsurance to beevaluated both in part, and as an interrelated risk portfolio managed under SAIFsEnterprise Risk Management (ERM) program;2. incorporating key financial elements of SAIFs risk and capital managementnecessary to meet existing or evolving regulatory requirements via model laws orformula changes affecting SAIFs (upcoming) Own Risk and Solvency Assessment(ORSA) calculations, including the possible addition of an economic scenariogenerator and scalability to perform stress test(s) and sensitivity analysis;3. broadening the existing models ability to consider additional components ofassumed and ceded reinsurance, including different reinsurance protection (i.e. per claimant reinsurance), reinsurance reinstatements, commutations, and thecomplexities of SAIFs catastrophe model output, and the ability to model changes inSAIFs Other States Coverage program and assigned risk servicing carrierinvolvement;4. measuring the impact of various risk scenarios (premium growth, reservegrowth/takedowns, investment allocation) relative to our total funding (risk-basedcapital) need;5. ensuring model validation for the credibility and reliability of results and a suggestedmethod of communicating the results to various levels of stakeholders;

Bid Related Documents

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Product Code: 91849

Agency Information

Issuing Agency: SAIF Corporation

State: Oregon

Agency Type: State and Local

Contact: Nadia Kosieracki 400 High Street SE, Salem, Oregon, 97312




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