Notice of Intent to Award for RFP #260000002052

The Michigan Department of Insurance and Financial Services issued a Notice of Intent to Award for RFP #260000002052 for captive insurance company actuarial examination services on August 4, 2026, with an objection deadline of August 12, 2026.

Nine contractors have been recommended for award at $22,222.00 each: Actuarial and Technical Solutions, Inc.; Axene Health Partners, LLC; Columbia Point Consulting, LLC; Examination Resources, LLC; INS Consultants, Inc.; Lewis and Ellis, Inc.; Noble Consulting Services, Inc.; Paradigm Actuaries, LLC; and Pinnacle Actuarial Resources, Inc. All nine met the minimum technical evaluation threshold of 80 points and were rated as offering the best value based on technical merit and pricing. One bidder, Actuarial and Predictive Analytics, LLC, scored 45 points and was not recommended due to insufficient staffing, lack of captive insurance experience, and inability to demonstrate qualified personnel familiar with Michigan captive insurance laws and regulations.

The contract term is three years with up to three additional two-year renewal options. Ten bidders submitted proposals to the original RFP, which was posted May 20, 2026, with a June 15 proposal due date. Pricing proposals varied significantly across contractors, with hourly rates ranging from $40 to $495 depending on staff role. Award is pending State Administrative Board approval if applicable.