Description
The Maryland Insurance Administration (MIA) is seeking proposals for specialty financial examination and auditing services. The MIA intends to make up to ten contract awards, with one primary contract and one backup contract for each of the five functional areas: Actuarial Services Property & Casualty, Reinsurance Services, Information Technology Services, Actuarial Services Life & Health, and Investment Services. The selected contractor will provide services on an as-needed basis, including actuarial evaluations, reviews of complex reinsurance treaties, and analysis of investment portfolios. The contractor must have experience in risk-focused examinations and be familiar with NAIC requirements and Maryland law.
• The contractor will work with the MIA's Financial Regulation Unit to perform financial examinations and analyses.
• The contractor will provide staff on an as-needed basis, with a minimum of 10 years of experience in providing services of the type required under this RFP.
• The contractor must be able to provide personnel up to the anticipated annual hours for each functional area.
• The contractor will be required to prepare examination work papers and documents, including narratives, analysis of accounts, and risk matrices.