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NATIONAL INJURY INSURANCE SCHEME QUEENSLAND has floated a tender for Niisq actuarial services. The project location is Australia and the tender is closing on 30 Sep 2016. The tender notice number is NIISQ201601, while the TOT Ref Number is 8197570. Bidders can have further information about the Tender and can request the complete Tender document by Registering on the site.
Procurement Summary
Country : Australia
Summary : Niisq actuarial services
Deadline : 30 Sep 2016
Other Information
Notice Type : Tender
TOT Ref.No.: 8197570
Document Ref. No. : NIISQ201601
Financier : Self Financed
Purchaser Ownership : -
Tender Value : Refer Document
Purchaser's Detail
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Login to see detailsTender Details
Tenders are invited for the national injury insurance scheme queensland (scheme) providing lifetime treatment, care and support to persons seriously injured in motor vehicle accidents commenced on 1 july 2016. the national injury insurance agency, queensland (the agency) is responsible for the administration of the scheme and management of the fund. The agency seeks to engage an external actuarial firm to provide comprehensive actuarial services to assist it to perform its functions.
Funding for the scheme is by way of a levy paid at the same time as vehicle registration but is calculated on an annual basis. It is intended that analysis of this levy will be undertaken by an independent actuary to ensure adequacy of annual levy setting, so that the viability of the niisq can be maintained to deliver benefit entitlements to those persons seriously injured in motor vehicle accidents.
The scope of services includes:
development and implementation of a lifetime care claim cost estimation tool for the assessment of lifetime costs of certain decisions throughout the duration of a case
comprehensive actuarial reporting for the agency
provision of general actuarial advice relating to the operations of the scheme
preparation of special projects or special actuarial studies at the request of the agency
a full specification is available in the contract details.
For detailed information on the specific goods / services sought under this tender, please review the "specification documents" in "section 3 - here is the detail".
closing date: 2016-09-30
Documents
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