37461_Jul_20_26_solicitation_doc.pdf

This is a Request for Proposal (RFP) issued by Connecticut's Office of the State Comptroller for actuarial services to prepare an annual loss reserve report for the State's Workers Compensation Fund. The report will support Connecticut's Annual Comprehensive Financial Statements and ensure compliance with relevant accounting standards. The scope of work requires comprehensive loss reserve analysis, including calculations of adequate reserves for outstanding claims and incurred but not reported losses, along with demonstration of understanding of Connecticut's workers' compensation claims history, injury trends, and cost drivers. The solicitation is open to all vendors. The vendor question and answer period runs from June 15, 2026 at 11:45 a.m. EDT through June 29, 2026 at 2:00 p.m. EDT. Proposals are due July 24, 2026 at 2:00 p.m. EDT. No specific contract award date, contract term, or renewal options are disclosed in the solicitation documents.

Proposals must include detailed project methodologies, staffing plans, timelines, and cost proposals. Key actuaries must be members of recognized actuarial societies and possess relevant workers' compensation experience. Evaluation will consider technical approach, experience with workers' compensation actuarial work, staff qualifications, and pricing. Payment terms are vendor-specified, and delivery is Free On Board Destination. The contract will be awarded to the qualified firm offering the best value to the State. No estimated total contract value is disclosed in the solicitation. For questions, contact Steven Cosgrove at the Office of the State Comptroller, 165 Capitol Avenue, Hartford, Connecticut 06105, telephone 860-702-3693 or email osc.rfp@ct.gov.