AON GLOBAL RISK CONSULTANTS, INC.-2017

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Introduction Aon Risk Consultants, Inc (AGRC) is pleased to submit this proposal to provide services to the City of Santa Ana (Client) for actuarial services fpr its aelf Insured workers compensation and liability programs. The goal of our actuarial services will be to estimate the outstanding liabilities forthe workers compensation and liability programs and project ultimate losses for the upcoming year. Scope of Work The scope shown below Is for work as of June 30, 2016. Specifically, the work will provide: • Estimate Outstanding Losses, Estimate outstanding losses (including allocated loss adjustment expenses [ALAEj) for each fiscal year as of June 30, 2016. • 'Project Ultimate Limited Losses for 2016/17 and 2017118, The projected ultimate limited losses are the accrual value of losses with accident dates in 2016/1.7 and -2017/18, regardless of report or payment date. The amounts are limited to the sedf insured retention. + Project Losses Paid during 2016,117 and 2017/18. The projected losses paid are the claims disbursements during 2016117 and 2017118 regardless of accident or report date. The amounts are limited to the self- insured retention. • Compare to previous actuarial study. Calculate. Premium Contribution by City Department. Calculate premium contribution by city department for 2017/18. These actuarial services will result in the production of the following deliverable! The conclusions of our work will be in a written report for the Client. The report will be designed to be easily understood by non -actuaries. It will contain a technical :section with sufficient information to support all conclusions and facilitate future analysis. Project Work Steps To accomplish the objective, AGRC proposes the following Work steps: 1.. Collect Data— The analysis will require historical loss and sxposure data as well as a. completedescription of the past and present insurance programs, 2. Compile Data The data received from all services will be compiled and reviewed for reasonableness and consistency. 3, Perforin Analysis —Ananalysis will be done addressing the Items listed above In 'Scope of Services h: Draft Report — A report will be written clearly and conciselypresenting our conclusions and. recommendations. 6• Peer Review— A professional peer review of the draft report will be performed by another qualified professional. 6. Distribute Draft Report—The draft report will be distributed and discussed with Client. 7. Corrections and/or Additions - Any items highlighted in discussions of the draft report will be addressed. 8. Distribute Final Report —The report will be finalized with signatures affixed. Aon Risk 'Consullanis, Ino. I Aotearigl &-Analytics.. Proprietary & Confidential Form Edloon Dere; Apnl 14, 2016 AoN 3