Life/Health, Property/Casualty Actuarial Services and Rate Review Services
Active State & local contract Michigan Awarded
- Contract number
- MA240000001424
- Awardee
- INS CONSULTANTS INC
- Contracting organization
- Department Technology, Management and Budget
Contract facts
- Cumulative value
- $1,863,636
- End date
- Points of contact
-
- Bob Lamberjack lamberjackr@michigan.gov (517) 977-8572
- Julie Merriman merrimanj2@michigan.gov (517) 230-9633
- Mary Ostrowski ostrowskim@michigan.gov (517) 249-0438
Contract details come from michigan.gov. Updated .
About this contract
The Department of Technology, Management and Budget's indefinite delivery vehicle provides comprehensive Life/Health and Property/Casualty actuarial services, along with rate review capabilities to support Michigan state agencies and participating entities. Services procured through this vehicle include actuarial examinations, rate reviews, statutory report preparation, and public policy research. The contract utilizes a prequalification and second-tier competitive selection process to ensure qualified service delivery, with hourly pricing structures ranging from $60.00 for Administrative Associates to $230.00 for Actuaries, Lead Actuaries, and Peer Review services, with all travel costs incorporated into the pricing model.
INS Consultants, Inc., a Pennsylvania-based actuarial services firm, serves as the prime contractor for this indefinite delivery vehicle administered by the State of Michigan's Department of Technology, Management and Budget in partnership with the Department of Insurance and Financial Services. The contract period runs from February 1, 2025, through January 31, 2028, with three available one-year renewal options at the State's discretion. The estimated aggregate contract value is $1,863,636.00, and services extend to Michigan state agencies as well as authorized users under the MiDEAL program, which includes local units of government, school districts, universities, community colleges, and nonprofit hospitals throughout Michigan.
Files
| File | Type | Posted |
|---|---|---|
| 240000001424.pdf |
Quick answers
Who holds contract MA240000001424?
Contract MA240000001424 was awarded to INS CONSULTANTS INC by Department Technology, Management and Budget in Michigan on February 1, 2025.
How much is contract MA240000001424 worth?
Its cumulative value is $1,863,636.
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