Government Contract | Texas
3YR BPO Risk Mgmt Actuarial Studies

Bid Information


Bid Alert No: 00002549171

Bid Title: 3YR BPO Risk Mgmt Actuarial Studies

Agency Bid No. Title: 14167

Received Date: 03/22/2021

Close Date: 03/30/2021

Purchase Type: Not Stated

Delivery Point: Dallas, Texas

Delivery Date: Not Stated

Specifications

Specifications include, but are not limited to: 1. Using a combination of DARTs historical loss experience, industry trends and actuarialmethods, the consultant shall estimate the ultimate value of unpaid liabilities and expensesfor existing workers compensation and liability claims that have occurred prior to October1, for the previous fiscal year, and as of March 31 of the following year.2. The consultant shall provide an estimate of reserve requirements for claims that have beenincurred but not reported (IBNR) prior to October 1, for the previous fiscal year, and as ofMarch 31 of the following year.3. Using historical loss results and other actuarial methods the consultant shall estimate theprojected loss development cost for the fiscal year beginning in October of the previousyear and ending on September 30 of the following year.4. The contractor shall also provide recommendations regarding funding guidelines to accountfor loss development, ALAE and IBNR for fiscal years 2020, 2021, 2022 and 2023.5. Over the next four years changes in employee counts and annual payroll will change basedupon service needs. The contractor shall analyze the potential impact this change will haveon claim counts, loss costs including loss expense and total incurred losses by fiscal year.

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Amendments

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Product Code: 94612

Agency Information


Issuing Agency: Dallas Area Rapid Transit (DART)

State: Texas

Agency Type: State and Local

Contact: Traci Johnson

Phone: 214-749-2887

Email: tjohnson9@dart.org

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