Tender Details

Country: Canada
Summary: Actuarial Consulting Contracts for Supporting the Auto Insurance Rate Filing Rev
CAT Ref No: 118079115
Deadline: 21 May 2025
Financier: Self Financed
Purchaser Ownership: Government
Tender Value: Refer Document
Notice Type: Tender
Document Ref. No.: FSRA2024-084
Purchaser's Detail:
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Description:
This process involves: consulting with industry stakeholders to finalize costingassumptions, developing actuarial benchmarks that FSRA can rely on for upcoming reforms,ensuring industry acceptance of FSRA's actuarial decisions by leveraging external expertise, andassisting FSRA in reviewing a highvolume of auto reform filing applications. Given the evolvingregulatory landscape, it is critical to expand FSRA's access to external actuarial resources to meetthe growing demand for independent analyses and industry engagement.1. Rate Filing Review Review of auto insurance rate filing applicationsforreasonableness of proposed changes to rate level and risk classification.2. Predictive Model Review Review of predictive models used in auto insurance ratingand underwriting.Benchmark and Product Reform Actuarial analysis of loss cost trend in autoinsurance, and actuarial costing analysis forauto insurance product reform.4. Trends and Emerging Issues Market assessments and regulatory support inreviewing, analyzing, and responding to emerging issues, including recommendationsand solutions on how to address any identifiedconcerns.
Documents:

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Actuarial Consulting Contracts for Supporting the Auto Insurance Rate Filing Rev - Canada Tender

The FINANCIAL SERVICES REGULATORY AUTHORITY OF ONTARIO (FSRA), a Government sector organization in Canada, has announced a new tender for Actuarial Consulting Contracts for Supporting the Auto Insurance Rate Filing Rev. This tender is published on CanadaTenders under CAT Ref No: 118079115 and is categorized as a Tender. Interested and eligible suppliers are invited to participate by reviewing the tender documents and submitting their bids before the deadline on 2025-05-21.

The estimated tender value is Refer Document, and full details, including technical specifications and submission requirements, are provided in the official tender documents. Ensure all submissions meet the criteria outlined to be considered for evaluation.