4894 - Actuarial Pricing Consulting Services

ICBC has a regulatory requirement to set its rates for its Compulsory products in accordance with Accepted Actuarial Practice which is set out in Special Direction IC2. As such, ICBC is seeking a qualified and experienced Proponent for the provision of actuarial consulting pricing services to a standard that is acceptable to ICBC and in compliance with applicable laws, statutes and regulations. It is ICBC’s expectation that the successful Proponent will assign seasoned professionals to ICBC who specialize in actuarial consulting pricing services (the “Assigned Personnel”). Their responsibilities include: a) primary services - basic revenue requirements application, basic rate design project, new product pricing analysis, regulatory compliance review; and b) additional services - advice and guidance on actuarial pricing analyses and tools, and other advice and guidance as requested.