A government authority in Alaska is seeking a qualified vendor to provide actuarial services related to life, health, and property and casualty insurance products. Responsibilities include conducting actuarial reviews, creating data templates for the small group and individual health care markets, and analyzing as well as synthesizing market data such as membership statistics, premium rates, claims costs, income distributions, and health status distributions. The selected vendor will employ advanced models, such as utility and elasticity curves that can be calibrated to reflect member behavior and will run calibrated microsimulation models.

Further, the scope includes evaluating risk pool consolidation across various markets including the individual market, small group market, Medicaid expansion population, and selected public employers. The chosen contractor will closely collaborate with division staff and other actuaries, and is also expected to provide training to staff in key areas such as market analysis, the SERFF system, and rate reviews. The contract duration will be one year, and a pre–bid meeting is scheduled prior to deadline.