Project: tender_6501 - Insurance Claims Liabilities

 Reference Number414966 Solicitation Numbert 4798 Organization NameOntario Shared Services
 Source IDPV.MN.ON.895607.C90792 Associated ComponentsNo  Published2017-07-10 Revised Closing2017-07-24 11:00 AM Eastern Daylight Saving Time EDT  CategoryMiscellaneous Goods
 GSINS Region of DeliveryOntario Region of OpportunityOntario Agreement Type Tender TypeNotice of Proposed Procurement (NPP) Estimated Value Solicitation Method  
Project: tender_6501 - Insurance Claims Liabilities Detailed Description
The Preferred Bidder will support the actuarial functional responsibilities associated with the administration of claims in Ontario by the Motor Vehicle Accident Claims Fund (MVACF) under the Insurance Act, the Statutory Accident Benefits Schedule (SABS), the Compulsory Automobile Insurance Act and the Motor Vehicle Accident Claims Act. MVACF compensates persons experiencing loss from an automobile accident occurred in Ontario and who have no recourse to automobile insurance.

MVACF provides both statutory accident benefits (AB) and tort compensation for bodily injury and property damage. In the event of an Ontario insolvent insurer, MVACF will provide the payment of the statutory accident benefits to the claimants.
Scope of Work
The Deliverables will be:
a)    providing valuations of the actuarial liabilities of the Motor Vehicle Accident Claims Fund annually; for the preparation of financial statements that are reported in the Public Accounts of Ontario
b)    conducting cash flow analysis and projections of the Motor Vehicle Accident Claims Fund;
c)    providing information and assistance to MVACF’s auditors and auditor’s actuaries on the actuarial liability study and the cash flow projections.
d)    providing actuarial opinions on the Reports of the Actuary which accompany the annual financial statements of provincially incorporated property and causality insurance companies and the Facility Association.
All amendments to the associated notice, including amended documents, plans and specifications (where applicable), are issued by the originator of the notice. MERX asks you to contact the buying agency directly for these amendments. MERX stipulates that potential bidders may also be required to register with the buying authority as a bidder/plan taker. The contact information can be found within the main tender document and/or on this notice abstract.
   NameVijay Kandiah  Company NameGovernment of Ontario  Address City State / Province Postal Code Phone(416)212-6893 Fax(647)724-0975 Emailvijay.kandiah@ontario.ca  Website URLhttps://ontariotenders.bravosolution.com/