Actuarial Services

The Washington Schools Risk Management Pool (WSRMP) is soliciting proposals for actuarial services under RFP 26-001, with proposals due June 24, 2026 at 5:00 PM Pacific Time. Qualified firms must hold minimum five years in business as a licensed actuary with qualified principals or account executives possessing at least five years of experience with public entities and public entity pooling; the account manager assigned must be a casualty actuary and Fellow of the Casualty Actuary Society. Firms must carry professional liability insurance with a minimum limit of $5 million for errors and omissions and provide a list of at least five public entity clients, including at least one property and/or casualty self-insurance pool.

The scope covers four quarterly solvency reports, an annual rate-setting report as of the end of February, a March history of losses and experience modification factors for each member, and other services as requested. WSRMP provides property and liability coverage to over 100 member school districts, educational service districts, and interlocal cooperatives. The firm will have access to financial statements, member exposure units, claims loss runs, and prior actuarial studies and audits.

The contract term runs three years commencing September 1, 2026, with options for two additional single-year renewals. Proposals must include detailed pricing broken down by personnel class, estimated hours, and costs for all services inclusive of travel and other expenses, plus a separate fee schedule for out-of-scope services. Proposals become firm commitments for 60 days following the deadline. Questions are due June 16, 2026 at 5:00 PM Pacific Time. Finalist interviews are scheduled for July 7–8, 2026, with finalist selection by August 4, 2026.