Description
This solicitation calls for a qualified actuarial consulting firm to conduct a comprehensive review of the National Council on Compensation Insurance (NCCI) annual loss‑cost filing for Tennessee’s voluntary workers‑compensation market. The contractor must evaluate data selection, methodology, trend factors, and loss‑adjustment expense calculations, produce a detailed written report, and present findings to the Advisory Council. Up to 25 hours per year of additional ad‑hoc actuarial analyses are available at an hourly rate.
• Review and evaluate NCCI’s 2026 (and subsequent) loss‑cost filings, including data quality and methodology.
• Deliver a written actuarial report (24 copies) at least 10 days before the Council’s oral presentation.
• Provide an oral presentation (in‑person or virtual) with handouts/visuals, and be available for follow‑up questions.
• Optional ad‑hoc actuarial services up to 25 hours per year, billed hourly.
• Contract runs five years (Aug 2026 – Aug 2031) with fixed annual payments and defined liability caps.