Actuarial Services (OMB - Risk Mgmt Only)

The North Dakota Actuarial Services multi-award vehicle, managed by the Office of Management and Budget's Risk Management Division, provides specialized consulting services focused on evaluating and determining funding levels for the state's Risk Management Fund. The contract enables comprehensive actuarial services including risk financing alternative recommendations, excess insurance evaluations, and technical financial analyses. Specific service capabilities encompass funding assessments, reserving practices, premium allocation calculations, and discount program strategic planning to support the state's risk management operations.

The current contract is awarded to Aon Risk Consultants, Inc., with a performance period from November 1, 2023, to June 30, 2026, and options for up to three additional 24-month renewals. The contract is state-specific to North Dakota, with a total contractual amount not to exceed $26,250, billed on an hourly basis ranging from $210 to $390 per hour. Key personnel include Neal Anderson, Brenda Reddick, Ryan Stoehr, and Alison Millerbend, with hourly rates between $220.50 and $409.50. The contract includes a 5% potential biennial adjustment for direct and indirect costs, providing flexibility for ongoing risk management financial consulting needs.