Create New Account Purchaser Login
Search Tenders
Search
Advanced Search
You are not logged in.

ACC Actuarial Services

Details

Tender Closed
RFx ID : 18851422
Tender Name : ACC Actuarial Services
Reference # :
Open Date : Wednesday, 19 July 2017 10:30 AM (Pacific/Auckland UTC+12:00)
Close Date : Friday, 18 August 2017 4:00 PM (Pacific/Auckland UTC+12:00)
Department/Business Unit :
Tender Type : Request for Proposals (RFP)
Tender Coverage : Sole Agency  [?]
Categories :
  • 80000000 - Management and Business Professionals and Administrative Services
  • 84000000 - Financial and Insurance Services
Regions:
  • New Zealand
Required Pre-qualifications : None
Contact : Procurement
procurement@acc.co.nz
Alternate Physical Delivery Address  :
Alternate Physical Fax Number  :
Overview

The Accident Compensation Corporation (“ACC”) is seeking to engage a supplier of actuarial services to conduct the annual external valuation of ACC’s Outstanding Claims Liability (“OCL”). This external valuation will also inform the annual Non-Earners’ appropriation for funding and the biennial levy setting process. The OCL is an estimate of the present value of the future cash flows associated with accidents that occurred before the valuation date. ACC is looking for a credible supplier who has the capability and experience to deliver the required actuarial services. They need to have a good track record in providing similar actuarial services.

There are certain pre-conditions that must be met – see Section 3.2 of the RFP. Please note that the proposed contract will be released as an addendum to this RFP at a later date.

Please refer to the ACC June 2016 Valuation Report (available upon request to procurement@acc.co.nz and conditional upon signing a confidentiality agreement) for information on current classes used (accounts and payment types), the relative sizes and associated risks or subjectivities inherent in the valuation.

ACC is offering one-on-one supplier briefing sessions. These must be requested to procurement@acc.co.nz by 26 July 2017. One hour time slots are available on 31 July and 1 August 2017 and will be allocated on a first in first served basis. Please see section 1.2 of the RFP for further information.

Supplier presentations for shortlisted providers are intended to be held on 11 and 12 September 2017.

RFP responses must be submitted to procurement@acc.co.nz by 4pm, 18 August 2017. Please note that this is a two envelope process. This means that your price response must be submitted in a separate soft copy document or folder.