Appendix A Required Exhibits in Support of SWIF Loss Reserve Analysis.pdf

This file is Appendix A to the Statement of Work for an Invitation for Bids (IFB) issued by the Commonwealth of Pennsylvania, Department of Labor and Industry, on behalf of the State Workers' Insurance Fund (SWIF), for professional Actuarial Services. The appendix specifies nine required exhibits that contractors must submit in support of the annual loss reserve analysis, which constitutes a post-award contract performance requirement rather than a bid evaluation criterion. These exhibits include Earned Premiums at Collected and Current Rate Levels, Reported Claim Triangle, Claims Closed Triangle, Incurred Loss Triangle on a Case Basis, Paid Loss Triangle, Paid ALAE Triangle, and Ratio of Paid ALAE to Paid Loss Triangle, along with any additional actuarial triangles or supporting exhibits materially relied upon in developing the annual SWIF loss reserve analysis. All exhibits must be prepared using SWIF data and submitted in Microsoft Excel (.xlsx) or PDF format.

Bidders are explicitly not required to prepare or submit these exhibits as part of their initial IFB responses, and these exhibits will not be used in the evaluation of bids. The exhibits represent deliverables to be provided by the selected contractor following contract award to support the actuarial analysis and financial reporting requirements of SWIF, which include evaluation of workers' compensation insurance liabilities, reserve adequacy, claim development trends, and preparation of required actuarial reports and opinions in accordance with applicable Actuarial Standards of Practice and statutory accounting principles.