Workers’ compensation actuarial services and reporting RFP

Connecticut's Office of the State Comptroller is requesting proposals for actuarial services to prepare an annual loss reserve report for the State's Workers Compensation Fund, with proposals due July 24, 2026 at 2:00 p.m. EDT. The report will support Connecticut's Annual Comprehensive Financial Statements and compliance with relevant accounting standards.

The scope requires comprehensive loss reserve analysis, including calculations of adequate reserves for outstanding claims and incurred but not reported losses. The contractor must demonstrate understanding of Connecticut's workers' compensation claims history, injury trends, and cost drivers. Key actuaries must be members of recognized actuarial societies and possess relevant workers' compensation experience. Proposals must include detailed project methodologies, staffing plans, timelines, and cost proposals.

Evaluation will consider technical approach, experience with workers' compensation actuarial work, staff qualifications, and pricing. The contract will be awarded to the qualified firm offering the best value to the State.

The solicitation is open to all vendors. A vendor question and answer period runs from June 15, 2026 at 11:45 a.m. EDT through June 29, 2026 at 2:00 p.m. EDT. Payment terms are vendor-specified; delivery is Free On Board Destination. No contract value, contract term, or renewal options are disclosed in the solicitation.

Contact Steven Cosgrove at the Office of the State Comptroller, 165 Capitol Avenue, Hartford, Connecticut 06105, telephone 860-702-3693 or email osc.rfp@ct.gov.