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Actuarial Quality Assurance of ACC Levies 2019-2021 and of Budget 19 Appropriations Request
Details
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Tender Closed
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| RFx ID : | 19890952 |
| Tender Name : | Actuarial Quality Assurance of ACC Levies 2019-2021 and of Budget 19 Appropriations Request |
| Reference # : |
RFQ 694
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| Open Date : | Monday, 9 July 2018 4:00 PM (Pacific/Auckland UTC+12:00) |
| Close Date : | Monday, 30 July 2018 1:00 PM (Pacific/Auckland UTC+12:00) |
| Tender Type : | Request for Quotations (RFQ) |
| Tender Coverage : | Sole Agency [?] |
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| Regions: |
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| Exemption Reason : | None |
| Required Pre-qualifications : | None |
| Contact : |
Lauren McAndrew +6449018570 |
| Alternate Physical Delivery Address : | |
| Alternate Physical Fax Number : | |
| Agency Address : | NEW ZEALAND |
What we need
MBIE, as the Minister for ACC’s main policy adviser on the accident compensation scheme, is committed to provide high-quality, independent advice to the Minister. This includes advising the Minister when he receives ACC’s recommendations on average levy rates for 2019-21, and when ACC makes its appropriations request for Budget 2019. Such advice supports the Minister make a fully informed decision.
ACC’s actuarial data (for example levy models) and processes underpin these recommendations and appropriations request. To help us better understand the evidence for ACC’s levy recommendations and appropriations request, and draw the appropriate conclusions, we need the expertise of a specialist actuarial services provider.
We look forward to working with professionals who have the proven ability to analyse relevant modelling and other technical data used by ACC, and identify issues and risks that are pertinent to the ACC and the Minister’s responsibilities under the Accident Compensation Act 2001 and Crown Entities Act 2004.
What we don’t want
We do not want a recalculation of ACC’s technical actuarial calculations. Nor do we need an independent estimation of the average levy rates.
What’s important to us
The Ministry is looking for a supplier with deep and proven actuarial expertise that is well-respected by industry, and has the capability, experience and infrastructure to deliver high quality actuarial assurance advice.
The ability to translate and communicate complex technical analysis and information in plain English to an intelligent reader with little to no knowledge of actuarial science is essential.
Familiarity with relevant legislative framework around the accident compensation scheme and Ministerial responsibility, MBIE’s policy advisory role and the machinery of government will be useful. A broad understanding of ACC’s business is necessary.
The willingness to question commonly accepted assumptions will be a bonus.
We would also value being made aware of risks in assumptions that are relevant to the Government funding policy and financial sustainability of the scheme. We are interested in how ACC’s recommendation balances appropriation/levy stability, solvency and intergeneration equity.
We are interested in fresh-eyes’ approach. Fresh insights around ACC’s approach as well as an ability to identify opportunities for improvement would be welcome.
Responsiveness and willingness to engage constructively are paramount.
This tender has been awarded to:
- Finity Consulting Pty Ltd
Further Award Information:
Following a closed RFQ process, the Ministry of Business, Innovation and Employment has awarded the 2018 National Consumer Survey contract to Finity Consulting Pty Ltd. The contract was awarded on the 29th August 2018. The period of the contract is for 12 months and the contract period has a maximum value of $120,000 including GST.
Award Date: Tuesday, 18 September 2018 (Pacific/Auckland UTC+12:00)
Date RFx was completed/updated: Thursday, 30 August 2018 4:30 AM (Pacific/Auckland UTC+12:00)
