Life/Health, Property/Casualty Actuarial Services and Rate Review Services
Active State & local contract Michigan Awarded
- Contract number
- MA240000001427
- Awardee
- PARADIGM ACTUARIES LLC
- Contracting organization
- Department Technology, Management and Budget
Contract facts
- Cumulative value
- $1,863,636
- End date
- Points of contact
-
- Mary Ostrowski ostrowskim@michigan.gov (517) 249-0438
- Bob Lamberjack lamberjackr@michigan.gov (517) 977-8572
- Julie Merriman merrimanj2@michigan.gov (517) 230-9633
Contract details come from michigan.gov. Updated .
About this contract
This indefinite delivery vehicle provides comprehensive actuarial services and rate review capabilities to state agencies, specifically supporting the Department of Insurance and Financial Services. The contract encompasses Life/Health and Property/Casualty actuarial services, along with specialized rate review services. Available services include financial examinations, rate filing reviews, statutory reports, and public policy research and analysis. These services are designed to support regulatory compliance, financial oversight, and informed policy development within Michigan's insurance regulatory framework.
Paradigm Actuaries, LLC, an Illinois-based actuarial services firm, serves as the prime contractor under this Michigan Department of Technology, Management and Budget indefinite delivery vehicle. The contract is effective from February 1, 2025 through January 31, 2028, with optional one-year renewal periods available. The contract covers the State of Michigan and is available to MiDEAL members and other eligible entities. Compensation is structured on an hourly basis, with rates ranging from $50.00 to $420.00 depending on staff level and contract year, with pricing remaining firm throughout the contract term. The estimated aggregate contract value at execution was $1,863,636.00. All invoices are subject to a 1% administrative fee, with payment terms of Net 45 days via Electronic Funds Transfer.
Files
| File | Type | Posted |
|---|---|---|
| 240000001427.pdf |
Quick answers
Who holds contract MA240000001427?
Contract MA240000001427 was awarded to PARADIGM ACTUARIES LLC by Department Technology, Management and Budget in Michigan on February 1, 2025.
How much is contract MA240000001427 worth?
Its cumulative value is $1,863,636.
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