ACTUARIAL AND RELATED SERVICES

The Massachusetts Division of Insurance (1FED) is soliciting proposals (RFP # BD-26-1027-1FED-1FED-126077) for actuarial and related services. The purpose of this Request for Response (RFR) 2026 is to secure qualified actuarial firms or individuals to provide expert consulting services to the Division of Insurance. The scope of services required includes, but is not limited to: actuarial analysis, financial modeling, rate review, regulatory compliance assessments, and expert witness testimony related to insurance matters. Specific requirements will vary depending on the project and will be defined on a case-by-case basis. Key requirements include the submission of a comprehensive proposal demonstrating the offeror's qualifications, experience, and technical expertise in actuarial science and related fields. The proposal must include a cost proposal and adherence to the submission checklist. Offerors must also provide business references. Evaluation criteria will be based on factors such as experience, qualifications, proposed methodology, and cost. Required forms include: SDP Plan Form, Prompt Pay Discount Form, Business Reference Form, Cost Proposal Form, and the Standard Contract Form.