Display Tender CTP042148
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Provision of Independent Actuarial Services
Issued By
CTP Insurance Regulator
Request for Tender
Tender State
Awarded
Tender Code
CTP042148
Category
Financial and Insurance Services
Enquiries
- Novri Spagnoletti
- [email protected]
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:
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Develop a premium regulation model
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Review premium relativities
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Analyse Approved Insurer expenses
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Undertake annual reviews of the Scheme
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Provide advice on the design of actuarial monitoring reports and create projections for key measures
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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.