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  5. ›CCRFP FOR ACTUARY

New Jersey Municipal Excess Liability Joint Insurance Fund·New Jersey

CCRFP FOR ACTUARY

Closes 11/12/2025$600k – $1.5MRequest for ProposalLogin required
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Description

The New Jersey Municipal Excess Liability Joint Insurance Fund is soliciting proposals from qualified actuaries to provide professional actuarial services. The successful proposer will be responsible for performing actuarial analyses, evaluations, and certifications to support the Fund's risk management and insurance operations for its member Joint Insurance Funds across New Jersey. Key responsibilities include: • Performing actuarial analyses and evaluations • Providing certifications to support the Fund's risk management and insurance operations • Working with the Fund's staff to ensure compliance with regulatory requirements • Providing expert advice on actuarial matters The contract will be for a duration of 3 years, with the option for renewal. The proposer must have experience in providing actuarial services to public entities or insurance companies, and must be able to demonstrate a strong understanding of the Fund's operations and requirements.

Attached files

The solicitation documents live at the source — open the bid source above to download them.

Contact

Matthew Cavallo(Qualified Purchasing Agent)

[email protected]

(973) 703-4070

Key dates

Opened
10/21/2025
Questions due
11/5/2025
Closes
11/12/2025
Duration
3 years

Last updated

Details

Type
Request for Proposal
Industry
Insurance
NAICS
541612
Solicitation №
25-02

Budget estimate

$600,000 – $1,500,000

Based on the information provided, it is difficult to estimate the exact budget for this opportunity. However, considering the scope of work and the fact that it's a 3-year contract, a reasonable estimate could be between $200,000 and $500,000 per year, depending on the level of expertise and services required. This would translate to a total budget of $600,000 to $1,500,000 over the 3-year period.

AI estimate from the solicitation

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