Captive Actuarial Examinations of Insurance Companies

The State of Michigan's Department of Insurance and Financial Services is seeking a contractor to perform captive actuarial examinations of insurance companies. The contractor will be responsible for examining the financial condition and regulatory compliance of insurance companies. The scope of work includes reviewing financial statements, evaluating risk management practices, and assessing compliance with regulatory requirements. Key aspects of the job include: • Reviewing financial statements and evaluating risk management practices • Assessing compliance with regulatory requirements • Providing written reports of examination findings • Participating in meetings with insurance company representatives • Maintaining confidentiality of sensitive information The State is looking for a contractor with experience in actuarial examinations and a strong understanding of regulatory requirements. The contract will be awarded to the bidder who offers the best value to the State, based on factors such as technical evaluation, pricing, and past performance.