Description
The State of Arkansas, Office of State Procurement, is seeking actuarial firms to provide actuarial and consulting services to the Arkansas Insurance Department. The selected firm(s) will assist with annual filings review, financial examination and analysis of insurance firms, and provide expert testimony as needed. The contract will be for an initial term of four years, with the possibility of renewal for up to three additional one-year terms. The scope of work includes providing actuarial and consulting services on-site at insurance firms, conducting examination work, analysis work, and IT audit/examination work. The contractor must have experience providing similar services to at least three clients in the past five years and have broad expertise in performing actuarial services for all lines of insurance and reinsurance.
• Key responsibilities include:
• Providing actuarial and consulting services to the Arkansas Insurance Department
• Assisting with annual filings review and financial examination and analysis of insurance firms
• Providing expert testimony as needed
• Conducting examination work, analysis work, and IT audit/examination work
• Coordinating with the chief examiner and/or examiner-in-charge for specific examinations
• Providing a list of all Arkansas clients prior to award for conflict of interest determination