The City of Independence, Missouri, issued a Request for Proposal (RFP) for actuarial services to assist in the analysis of and provide recommendations for its Self-Insured Workers' Compensation Program. The successful firm, Centric Actuarial Solutions, LLC, will provide various actuarial services, including consultation and advisory services, premium and funding levels recommendations, projecting claims and administrative expenses, reserves, and other related tasks. The contract was awarded on January 29, 2013. Key aspects of the contract include:
• Actuarial services for the City's Self-Insured Workers' Compensation Program
• Consultation and advisory services
• Premium and funding levels recommendations
• Projecting claims and administrative expenses
• Reserves and other related tasks