Actuarial Rate Setting

Agency: The New York State Contract Reporter
State: New York
Type of Government: State & Local
Posted Date: Oct 17, 2025
Due Date: Dec 1, 2025
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Description

Issue Date: 10/17/2025 Contract Number: C000638
Actuarial Rate Setting
Description:

The New York State Department of Financial Services ("Department") is seeking the services of qualified and experienced actuaries to assist the Superintendent and the Department in the actuarial review of filed property and casualty insurance rates in the State of New York and other matters pursuant to Article 23 of the New York Insurance Law (“Insurance Law”).

The release of this RFQP is the first phase of a two-phase process for the Department to hire actuaries for Actuarial for Rate Setting Services and other matters. For more details, please refer to the RFQP document available for download on our website, along with all attachments, exhibits, and appendices at: https://www.dfs.ny.gov/procurement .

Important Dates:

Questions due by 3:00PM eastern time on November 3, 2025.

Responses to questions will be uploaded to the website on or about Thursday, November 13, 2025.

Bids due on or before 3:00PM eastern time on Monday, December 1, 2025.

Communications regarding this procurement are restricted under New York State Finance Law 139-j. For any inquiries, you may only contact the Designated Contacts listed in this advertisement using the email address RFP@dfs.ny.gov .

Due Date: 12/01/2025 3:00 PM

Contract Term: 5 years

Location: All New York State counties

Ad Type: General

Primary Contact: Financial Services, NYS Dept. of
Administration
Department of Financial Services - Procurement
Alisa Fortune
Contract Management Specialist
One Commerce Plaza
99 Washington Avenue
Albany, NY 12257
United States
Ph: 518-486-9106
Fax:
RFP@dfs.ny.gov
Secondary contact: Financial Services, NYS Dept. of
Administration
Department of Financial Services - Procurement
Alisa Fortune
Contract Management Specialist
One Commerce Plaza
99 Washington Avenue
Albany, NY 12257
United States
Ph: 518-486-9106
Fax:
RFP@dfs.ny.gov
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