Description
The Texas A&M University System is seeking qualified actuarial consulting firms to provide comprehensive actuarial services for its self‑insured health, dental, prescription‑drug, retirement and other risk‑financed programs. The work includes annual actuarial pricing, IBNR reserve calculations, plan‑design analysis, and ad‑hoc actuarial studies for workers’ compensation, auto liability, and other self‑insured programs. The initial contract term is three years starting November 1 2026, with up to three one‑year extensions possible (maximum performance through October 31 2029). Respondents must submit a qualification package by October 23 2026 and may be asked to answer questions by October 9 2026. Preference will be given to firms with Texas experience and strong references.
• Scope: Annual actuarial analysis for health, dental, prescription‑drug plans; IBNR reserve estimates; optional actuarial studies for workers’ compensation, auto, and other programs.
• Duration: 3‑year base term, renewable up to 6 years total.
• Submission: Qualification statement + required forms (non‑collusion affidavit, cost worksheet, subcontracting plan).
• Evaluation: Experience, expertise, Texas‑state familiarity, and ability to meet quality, timeliness, and cost‑effectiveness criteria.
• Award: Anticipated October 29 2026; contract effective November 1 2026.