Provision of Independent Actuarial Services
Tender ID: 330308
Tender Details
Tender Description
The CTP Insurance Regulator, an independent statutory authority, which oversees the ongoing development of an efficient, competitive and viable CTP Insurance Scheme, requires core and ad-hoc independent actuarial services to:
* Develop a premium regulation model
* Review premium relativities
* Analyse Approved Insurer expenses
* Undertake annual reviews of the Scheme
* Provide advice on the design of actuarial monitoring reports and create projections for key measures
* On a quarterly basis, analyse actuarial monitoring reports and take part in actuarial monitoring meetings
* Services are to be provided in compliance with the professional standards of the Institute of Actuaries of Australia.
The proposed contract term is three years commencing in January 2018.