New York State Insurance Fund Actuarial Services RFP #2025-53-ADM 2025
New York State Insurance Fund | State of New YorkState · Albany, NY- Due
- Nov 7, 2025
- Deadline passed
- Posted
- Sep 15, 2025
- Contract term
- 5 years
- Primary contact
- Angela Sgambelluri
- (518) 437-4209
The 30-second brief
The New York State Insurance Fund (NYSIF) is seeking proposals for a five-year contract for Actuarial Services under RFP #2025-53-ADM. The scope of work includes providing annual Statements of Actuarial Opinion (SAO) for the Workers' Compensation Fund and Disability Benefits Fund, quarterly reserve reviews for the Workers' Compensation Fund, and annual estimates of liabilities for the Aggregate Trust Fund (ATF). Additional services may include loss payment projections, methodology advice for Loss Cost Multipliers (LCMs), predictive modeling for risk rating, and reviewing safety group dividend soundness. Bidders must provide fixed annual costs for the SAO and quarterly updates, plus hourly rates for other services categorized by staff level (High, Mid, Base). Proposals are due by November 7, 2025, at 2:00 p.m. EST. The use of USPS for delivery is prohibited; submissions must be via email to [email protected] or via UPS, FedEx, or DHL to the Albany, NY office.
Annual Statement of Actuarial Opinion, Quarterly Reserve Reviews, Actuarial Opinion Summary, Comprehensive Actuarial Report, ATF Liability Estimate
Technical Proposal (70%), Financial Proposal (25%), Quantitative Factor for MWBE/SBE/SDVOB (5%), Presentation/Interview (10 points)
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Summary
The New York State Insurance Fund (NYSIF) is seeking proposals for a five-year contract for Actuarial Services under RFP #2025-53-ADM. The scope of work includes providing annual Statements of Actuarial Opinion (SAO) for the Workers' Compensation Fund and Disability Benefits Fund, quarterly reserve reviews for the Workers' Compensation Fund, and annual estimates of liabilities for the Aggregate Trust Fund (ATF).
Additional services may include loss payment projections, methodology advice for Loss Cost Multipliers (LCMs), predictive modeling for risk rating, and reviewing safety group dividend soundness. Bidders must provide fixed annual costs for the SAO and quarterly updates, plus hourly rates for other services categorized by staff level (High, Mid, Base). Proposals are due by November 7, 2025, at 2:00 p.m. EST. The use of USPS for delivery is prohibited; submissions must be via email to [email protected] or via UPS, FedEx, or DHL to the Albany, NY office.
EVALUATION CRITERIA
REQUIRED DELIVERABLES
5- Annual Statement of Actuarial Opinion
- Quarterly Reserve Reviews
- Actuarial Opinion Summary
- Comprehensive Actuarial Report
- ATF Liability Estimate
REQUIRED ATTACHMENTS
16- No Bid form
- Attachment 1 Mandatory Requirements Certification
- Appendix D MacBride Questionnaire
- Appendix E Vendor Responsibility Questionnaire
- Appendix F NYS Certifications
- Appendix G Encouraging Use of NYS Businesses
- Appendix H Disclosure of Prior Non-Responsibility
- Appendix J EO 16 Certification
- Appendix M MWBE/EEO Requirements
- Appendix S SDVOB Utilization
- Appendix T Vendor Security Survey
- Appendix V Conflict of Interest
- Appendix X EO 177 Certification
- Appendix Y Subcontractor Utilization
- Appendix Z Fee Schedule
- Attachment 4 NDA
REQUIRED STAFFING
11Consultant
- Submit to
- 15 Computer Drive West, Albany, NY 12205
- Scope location
- Albany, NY
- Reported agency
- New York State Insurance Fund
Questions about this RFP
How do I respond to this RFP from New York State Insurance Fund | State of New York?
Review the full solicitation document for submission requirements, evaluation criteria, and deadlines. The submission deadline is November 7, 2025. The solicitation specifies required deliverables that must be addressed in your response. Be sure to include all required attachments as outlined in the solicitation. Submissions should be delivered to: 15 Computer Drive West, Albany, NY 12205. For questions, contact Angela Sgambelluri.
Can small businesses or minority-owned firms bid on this RFP?
Most government agencies, including New York State Insurance Fund | State of New York in NY, encourage participation from small businesses, minority-owned, women-owned, and disadvantaged business enterprises (MBE/WBE/DBE). Check the full solicitation for any small business participation goals.
What happens after the RFP submission deadline?
After the deadline, the issuing agency reviews all submissions against the stated evaluation criteria. This typically includes a compliance check, technical evaluation, cost analysis, and may involve oral presentations with shortlisted vendors.
Can I ask questions about this solicitation before submitting?
Yes, most solicitations allow vendors to submit questions during a designated period. The primary contact is Angela Sgambelluri at (518) 437-4209. Questions and answers are typically shared with all prospective bidders.
What staffing is required for this project?
This solicitation outlines specific staffing requirements. The required roles include: Presidents, Directors, Principals, Associate Director, Senior Consultant, Consulting Actuary, Claim Expert, Senior Manager, Actuarial Analyst, Actuarial Tech, Jr. Consultant. Proposers should demonstrate relevant qualifications and experience for each required role.
What are the key deliverables?
The solicitation specifies the following deliverables: Annual Statement of Actuarial Opinion, Quarterly Reserve Reviews, Actuarial Opinion Summary, Comprehensive Actuarial Report, ATF Liability Estimate. Proposals should clearly address how each deliverable will be met.
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What are the evaluation criteria for this solicitation?
This solicitation includes specific evaluation criteria that will be used to score proposals. The criteria include: "Technical Proposal (70%), Financial Proposal (25%), Quantitative Factor for MWBE/SBE/SDVOB (5%), Presentation/Interview (10 points)" Vendors should carefully align their proposals with each criterion to maximize their score.
Where can I find more RFPs from New York State Insurance Fund | State of New York?
All active and historical solicitations from New York State Insurance Fund | State of New York are tracked and searchable. As a state agency, New York State Insurance Fund | State of New York regularly publishes solicitations. Visit the agency profile to see current open bids, past contracts, vendor relationships, and decision-maker contacts.
What is the contract term for this solicitation?
The anticipated contract term is 5 years. Contract terms may include renewal options.
What documents are required to bid on this RFP?
Requirements vary by solicitation, but common documents include a technical proposal, cost/price proposal, proof of insurance, relevant certifications, past performance references, and any forms specified in the solicitation. This solicitation specifically requires the following attachments: No Bid form, Attachment 1 Mandatory Requirements Certification, Appendix D MacBride Questionnaire, Appendix E Vendor Responsibility Questionnaire, Appendix F NYS Certifications, Appendix G Encouraging. Additionally, proposals should address staffing requirements as outlined in the solicitation. Review the full document from New York State Insurance Fund | State of New York for the complete list.
What is the scope of this project?
This solicitation defines a specific project scope. The scope covers the following locations: Albany, NY. Review the full solicitation for detailed scope requirements.