When is the submission deadline?

Submissions are due June 24, 2026. Questions must be submitted by June 16, 2026.

It was issued by Washington Schools Risk Management Pool. The work is located in Tukwila, Washington, United States.

Who is a good fit for this opportunity?

Established actuarial firm with experience in public sector clients. Proven record serving property and casualty self-insurance pools. Ability to deliver solvency and rate-setting reports on schedule. Licensed to operate in Washington State or similar jurisdictions. Capacity for consulting on reinsurance and funding strategies.

Actuarial Services (Due June 24, 2026)

Overview

Financial, Legal, HR & Staffing

Tukwila, Washington, United StatesPosted: June 9th, 2026Deadline: June 24th, 2026

Fit Score

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SUMMARY

Actuarial firm sought to provide quarterly solvency reports, rate-setting, and claims projections for a public authority in Tukwila, Washington over a three-year term.

KEY REQUIREMENTS

Must have five years in business as a licensed actuary
Must have qualified principals or account executives with a minimum of five years of experience with public entities and public entity pooling
Must provide a list of a minimum of five public entity clients including at least one property and/or casualty self-insurance pool
Must carry $5,000,000 limit of professional liability insurance including errors and omissions
Account manager must be a casualty actuary and a Fellow of the Casualty Actuary Society

CONTRACT DURATION

36 months

TIMELINE

RFP distribution: June 9th, 2026

Deadline for questions: June 16th, 2026

Deadline for receipt of proposals: June 24th, 2026

Finalist interviews: July 7th, 2026 (and July 8th, 2026, if needed)

Finalist selection: August 4th, 2026

Contract term starts: September 1st, 2026

QUESTION DEADLINE

June 16th, 2026

Issuing Agency

Washington Schools Risk Management Pool

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DESCRIPTION

The government authority located in Tukwila, Washington is seeking an actuarial firm to provide comprehensive actuarial services. Required tasks include conducting four quarterly solvency reports, preparing a rate-setting report as of the end of February, and supplying a history of losses and experience modification factors for each member by March. The firm must also provide loss modification factor calculations based on individual member loss experience and deliver additional requested actuarial services.

Other responsibilities include evaluating the ratio of liability self-insured retention to equity, analyzing the cost and benefits of liability and property reinsurance and excess programs, calculating funding rates at the executive board's specified confidence levels, assessing the adequacy of current funding, and projecting claim costs on prior years’ claims for the upcoming fiscal year. Bidders are required to submit evidence of experience, including a list of at least five public entity clients, with at least one property and casualty self–insurance pool. The contract period will cover three years.

All inquiries related to this RFP must be submitted no later than June 16, 2026.

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Frequently asked questions

When is the submission deadline?: Submissions are due June 24, 2026. Questions must be submitted by June 16, 2026.
Who issued this RFP?: It was issued by Washington Schools Risk Management Pool. The work is located in Tukwila, Washington, United States.
Who is a good fit for this opportunity?: Established actuarial firm with experience in public sector clients
Proven record serving property and casualty self-insurance pools
Ability to deliver solvency and rate-setting reports on schedule
Licensed to operate in Washington State or similar jurisdictions
Capacity for consulting on reinsurance and funding strategies

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