Actuarial services

Tender description

Forecast of provisions required in the police insurance funds to meet future liabilities and the audit and benchmarking of those funds against other organisations. The Police and Crime Commissioner for Surrey is leading on a contract agreement for the Provision of Actuarial Services and Fund Audit on behalf of the South East and Eastern Region Police Insurance Consortium (SEERPIC). The primary purpose of this procurement is to obtain a high quality, good value actuarial service for each framework participant in order that they can maintain prudent self-insurance arrangements to cover existing and future insurable liabilities. The core requirements will be a periodic and comprehensive actuarial review of the self-funding arrangements for any listed participant, and to provide a bi-annual benchmarking and strategic analysis report. This is being conducted on behalf of the SEERPIC Consortia consisting of the following Police Authorities: — Bedfordshire Police; — Cambridgeshire Constabulary; — Essex Police; — Hertfordshire Constabulary; — Kent Police; — Norfolk Constabulary; — Suffolk Constabulary; — Surrey Police; — Sussex Police; — Thames Valley Police.