Life/Health, Property/Casualty Actuarial Services and Rate Review Services
Active State & local contract Michigan Awarded
- Contract number
- MA240000001423
- Awardee
- HAUSE ACTUARIAL SOLUTIONS, INC.
- Contracting organization
- Department Technology, Management and Budget
Contract facts
- Cumulative value
- $1,863,636
- End date
- Points of contact
-
- Julie Merriman merrimanj2@michigan.gov (517) 230-9633
- Bob Lamberjack lamberjackr@michigan.gov (517) 977-8572
- Mary Ostrowski ostrowskim@michigan.gov (517) 249-0438
Contract details come from michigan.gov. Updated .
About this contract
This Michigan IDV provides comprehensive Life/Health and Property/Casualty actuarial services to support state regulatory and administrative functions. The contract encompasses actuarial consulting services including examinations, rate review services, statutory report preparation, and public policy research. Services are procured through a two-tier prequalification and competitive selection process, whereby the Department of Insurance and Financial Services (DIFS) evaluates proposals and awards specific assignments based on best overall value. Hourly rates for individual assignments range from $120.00 to $325.00 depending on staff role, with positions including Administrative Associates, Actuaries, Senior Actuaries, Consulting Actuaries, and Peer Review specialists.
Hause Actuarial Solutions, Inc., a Kansas corporation, serves as the prime contractor under this IDV issued by the Michigan Department of Technology, Management and Budget on behalf of DIFS. The contract is effective February 1, 2025, and extends through January 31, 2028, with three optional one-year renewal periods available. The estimated aggregate contract value is $1,863,636.00, with all payments subject to a 1% administrative fee and Net 45 payment terms. Geographic coverage extends to Michigan with expanded availability to MiDEAL members, including local units of government, school districts, universities, and nonprofit hospitals. The contract requires comprehensive insurance coverage including Commercial General Liability, Professional Liability, Cyber Liability, and Crime Insurance.
Files
| File | Type | Posted |
|---|---|---|
| 240000001423.pdf |
Quick answers
Who holds contract MA240000001423?
Contract MA240000001423 was awarded to HAUSE ACTUARIAL SOLUTIONS, INC. by Department Technology, Management and Budget in Michigan on February 1, 2025.
How much is contract MA240000001423 worth?
Its cumulative value is $1,863,636.
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