Contract Summary

This is a proposal for actuarial services submitted by Aon Risk Consultants, Inc. (AGRC), an Illinois corporation, to the University of Nebraska (UofN), a state institution. The proposal was submitted on August 7, 2020, and is signed by Chas Kapouler, Vice President and CFO of the University of Nebraska, and Joseph Kilroy, Senior Vice President of AGRC. The engagement involves consulting services related to workers' compensation loss analysis and forecasting for the University of Nebraska's self-insurance program.

The scope of work encompasses three primary deliverables: (1) actuarially derived estimates of prospective 7/1/20-21 policy period forecast loss and Adjusted Loss Adjustment Expenses (ALAE) at various retention levels on an unlimited basis; (2) estimates of historical policy period ultimate loss and ALAE as of 6/30/20 with associated unpaid loss and liability; and (3) cost analysis comparing large deductible and self-insurance program options. The contract fee is a flat rate of $3,500 with no material expenses anticipated. Services commence August 1, 2020, and conclude November 30, 2020, with potential extension subject to written amendment. Payment is due within thirty days of invoice upon project completion. The project team includes Tim Banick (Regional Director and Actuary), Andrea Bode (Director), and Alex Frister (Senior Actuarial Analyst), all based in Aon's Minneapolis office.