RFP Automobile Insurance Rating Actuarial Services

The State of Oregon Department of Consumer and Business Services, Division of Financial Regulation, is issuing a Request for Proposals for Automobile Insurance Rating Actuarial Services (RFP S-44000-00016831) to procure qualified actuarial consulting services for analyzing automobile insurance rating factors and their potential disparate impacts on protected classes in Oregon. The primary deliverables include a detailed work plan for data analysis methodology due within two weeks of kickoff, a five-year lookback draft report due by the end of the third quarter of 2026, a five-year lookback final report due by the end of the fourth quarter of 2026, and five subsequent annual reports over a four-year period following the initial analysis. The contractor must demonstrate a minimum of five years of actuarial and analysis experience within the last seven years, assign key personnel with a minimum of three years' actuarial experience holding credentials as a Fellow or Associate of the Casualty Actuarial Society or Member of the American Academy of Actuaries, and maintain good standing membership in their respective professional societies. The evaluation will be based on 955 total points distributed across executive summary (50 points), administrative proposal (300 points), key persons qualifications (200 points), technical proposal (325 points), references (50 points), and price (30 points), with price proposals remaining firm for 180 days from the bid opening date. Questions must be submitted by June 5, 2026 at 5:00 PM Pacific Time, with answers issued approximately June 12, 2026, and proposals are due by July 8, 2026 at 2:00 PM Pacific Time, with a Notice of Intent to Award expected approximately August 14, 2026.

The RFP does not contain specific set-aside designations restricting the types of organizations that may respond; however, proposers must comply with Oregon's Certified Disadvantaged Business Outreach Plan requirements and identify any outreach efforts to include Certified Firms such as Disadvantaged Business Enterprises, Minority-Owned Businesses, Women-Owned Businesses, Service-Disabled Veteran-Owned enterprises, or Emerging Small Businesses as subcontractors. Proposers employing 50 or more full-time workers with a prospective contract price exceeding $500,000 must provide a current, unexpired Pay Equity Certificate from the Department of Administrative Services. No incumbent vendor or current contractor is identified in the procurement documents. The contract terms anticipate an initial two-year term with options to renew up to a cumulative maximum of ten years, though the RFP does not provide a specific contract value or budget range. The contractor must provide professional liability insurance of $2,000,000 per claim and $4,000,000 annual aggregate, network security and privacy liability insurance of $4,000,000 per claim, and commercial general liability insurance of $1,000,000 per occurrence and $2,000,000 annual aggregate. All work product becomes the exclusive property of the Agency, and the contractor must comply with confidentiality requirements regarding protected health information and personally identifiable information, with disclosure of any artificial intelligence tool usage required in all deliverables.