The successful Proposer shall review the City’s insurance program, historic claims informaƟon, and risk management program. The successful Proposer shall perform the tasks listed below for this project, and shall be expected to work closely with designated City personnel to provide actuarial studies for both the general liability program and the workers’ compensaƟon program that include the following informaƟon: 1. Paid loss development 2. Incurred loss development 3. Reported, open, and closed claims 4. General liability and auto liability 5. Medical and indemnity for workers’ compensaƟon 6. Allocated loss expense 7. Recoveries 8. Loss by unit of exposure 9. Average claim size 10. Size of loss distribuƟon 11. Loss trends adjusted by Consumer Price Index CPI 12. Payment paƩerns 13. Payment and recovery esƟmates for the upcoming 6 fiscal years, including the year during which the study is produced
