Actuarial Services

The State of Wyoming, Department of Insurance, is seeking a qualified independent actuary to provide actuarial services to assist in the valuation of insurance company loss reserves, loss adjustment expense (LAE) reserves, premium deficiency reserves, evaluation of risk transfer, and analysis of underwriting practices. The actuary will conduct examinations of domestic insurance companies to determine their financial condition and ability to fulfill contractual obligations. The scope of work includes reviewing and evaluating the appropriateness of reserving methods and reserve factors, analyzing reinsurance contracts, and evaluating the need for a premium deficiency reserve. The actuary will also provide actuarial services on an as-needed basis to the Wyoming Insurance Department. Key requirements include: • At least 5 years of experience in the actuarial business • Professional liability insurance in an amount of not less than $1,000,000 per occurrence • Ability to provide all services specified in the RFP • Compliance with Wyoming statutes and regulations • Ability to work cooperatively with the State's staff and business partners • Ability to provide a comprehensive and practical plan for project management and control mechanisms.