Seeking a qualified service provider to perform actuarial valuations for the Mines and Works Compensation Fund over a three-year period. This project aims to ensure accurate financial assessments and compliance with occupational disease compensation regulations.
The Compensation Commissioner for Occupational Diseases (CCOD) is inviting proposals from experienced service providers to conduct comprehensive actuarial valuations of the Mines and Works Compensation Fund. This engagement will span three years, during which the selected provider will be responsible for assessing the fund's financial health, evaluating liabilities, and ensuring compliance with relevant legislation. The actuarial valuations will play a critical role in informing financial decision-making and ensuring that the fund can adequately meet its obligations to claimants.
Key requirements include a proven track record in actuarial services, particularly in the context of compensation funds or similar financial assessments. The successful bidder will be expected to deliver detailed reports, provide insights into fund performance, and recommend strategies for financial sustainability. This project not only supports the CCOD in fulfilling its mandate but also contributes to the broader goal of occupational health and safety in the mining sector, ultimately benefiting workers affected by occupational diseases.
This tender is suitable for actuarial firms with expertise in compensation funds, financial analysts specializing in occupational health, and businesses with a strong background in compliance and regulatory assessments within the mining industry.
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