Actuarial Services
Location:
Fairfax, Virginia, United States
Posted on:
Deadline:
Summary:
Provision of professional actuarial consulting and valuation services for the Risk Management Division in Fairfax, Virginia.
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The government authority in Fairfax, Virginia is seeking professional actuarial consulting services to support its Risk Management Division. The selected vendor will be responsible for conducting actuarial studies, advisory, and consulting services, including the development and evaluation of financial requirements to ensure a stable and adequately funded reserve program.
The scope of work includes performing an annual actuarial valuation as of June 30 each year, delivering recommendations, and providing a comprehensive report with estimated reserve positions projected for the following year. These services encompass areas such as workers’ compensation, automobile liability, general liability, and public officials’ liability.
Questions regarding this RFP must be submitted by April 6, 2026.
Best-fit vendors:
• Experienced actuarial consulting firm with government sector expertise
• Proven track record in financial evaluation of risk programs
• Significant experience with workers’ compensation and liability coverage
• Ability to conduct annual actuarial valuations and prepare detailed reports
• Familiarity with Virginia municipal or public entity requirements
