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FINANCIAL SERVICES REGULATORY AUTHORITY OF ONTARIO (FSRA) has floated a tender for Aip Actuarial & Operational Risk Management Consulting Contracts. The project location is Canada and the tender is closing on 16 Jun 2023. The tender notice number is 0000248538, while the TOT Ref Number is 83614204. Bidders can have further information about the Tender and can request the complete Tender document by Registering on the site.
Procurement Summary
Country : Canada
Summary : Aip Actuarial & Operational Risk Management Consulting Contracts
Deadline : 16 Jun 2023
Other Information
Notice Type : Tender
TOT Ref.No.: 83614204
Document Ref. No. : 0000248538
Competition : ICB
Financier : Self Financed
Purchaser Ownership : Public
Tender Value : Refer Document
Purchaser's Detail
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Login to see detailsTender Details
AIP Actuarial & Operational Risk Management Consulting Contracts
Solicitation Type : RFP - Request for Proposal (Formal)
Solicitation Number : FSRA2022-004-3
Location : Canada, Ontario
Description : This initiative aims to address the shortage of internal credentialed actuaries and provide qualified actuarial opinions in reviewing and approving rate filing activities, as well as fulfilling operational requirements and expectations. AIP intends to issue Requests for Proposals (RFPs) for three consulting contracts that will Predictive Model Review - Experience and expertise in comprehensive review of predictive models used in auto insurance rating and underwriting, which encompasses comprehensive analysis of predictive models and rating algorithms, segmentation methodologies and pricing strategies, provide recommendations and opinions to regulators on the justness, reasonableness, and rationality of model results. Filing Process and Guidance - Experience and expertise in auto insurance rating and underwriting, including techniques such as ratemaking, reserving, and predictive models, with the ability to design and offer insight into rate filing guidance that aligns with FSRA's principle-based and outcome-focused approach. Fairness and Fairness Assessment - Experience and expertise in fairness in auto insurance rating and underwriting, with the ability to identify, measure, detect, and offer solutions to rectify potential unfair discrimination in the rating...
Documents
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