Ratemaking and Special Studies Actuarial Consultant Service
Overview
Fit Score
Settle Intelligence
Settle helps teams find, evaluate, and respond to public RFPs. We continuously surface new opportunities, score them against your company strengths, and draft proposal responses so you can focus on the work that wins business.
SUMMARY
KEY REQUIREMENTS
BUDGET
EstimateCONTRACT DURATION
TIMELINE
Expected start date: July 1st, 2026
Expected end date: September 30th, 2029
Issuing Agency
Bureau Of Workers' Compensation
Organization overview and procurement intelligence available on paid plans.
DESCRIPTION
A government authority in Columbus, Ohio seeks an independent actuarial consultant to support a range of statutory and programmatic mandates. The consultant will assist in the analysis, evaluation, and implementation of statutory requirements, including the segregation of service costs so that each involved fund is appropriately charged. Key activities will include tasks related to individual and group paid retrospective rating, substance use prevention and recovery programs, claim impact reduction programs, safety council programs, and premium size credits.
Services also encompass supplementing basic ratemaking methodologies, evaluating the impact of new claims practices, and supporting the design of alternative rating plans to ensure proper rate establishment. The consultant will be involved in rates, evaluation of ratemaking changes, actuarial reviews, responses to proposed legislative changes, and other related actuarial matters essential to operational decision-making.
Source attribution
This Settle analysis is based on the issuing organization’s public RFP listing.