---
title: "Research on the use of AI and other disruptive technologies in actuarial work"
ocid: "ocds-h6vhtk-06540a"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-06540a"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-06540a.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-06540a.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "THE FINANCIAL REPORTING COUNCIL LIMITED"
published: "2026-05-20"
---

# Research on the use of AI and other disruptive technologies in actuarial work

Buyer: THE FINANCIAL REPORTING COUNCIL LIMITED  
Current stage: Award  
OCID: ocds-h6vhtk-06540a

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[Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-06540a.json)

## Summary

The recently concluded procurement process by THE FINANCIAL REPORTING COUNCIL LIMITED (FRC), located in London, focused on commissioning research on the use of AI and other disruptive technologies in actuarial work. As a central government public authority, FRC conducted an open competition procurement method below threshold. The contracting process reached the award stage with the contract being awarded on 21st April 2026 to Bayes Business School, City St George's, University of London, a large supplier. The contract, valued at £79,551.22, commenced on 27th April 2026 and is set to conclude on 21st December 2026, with options for service extensions. This project falls under the 'services' category in research and development, bearing CPV code 73000000.

This tender provides a significant opportunity for businesses in the research and consultancy services sector, particularly those focusing on the integration of AI and disruptive technologies within actuarial work. Given the scope and aims of the research project, businesses that possess expertise in AI, actuarial models, and data analysis are well-suited to contribute meaningfully to such endeavours. The insights gained could help organisations stay at the forefront of technological advancements in actuarial practices, fostering business growth and innovation in both local and potentially international markets. Companies positioning themselves as leaders in technological incorporation within the actuarial field may find lucrative prospects within similar future projects initiated by institutions like the FRC.

## Notice

THIS IS A CONTRACT AWARD NOTICE The Financial Reporting Council (FRC) commissioned research into the use of AI and other disruptive technologies in actuarial work.

### Lot Information

Lot 1

Options: * Additional research services of the same nature.

Renewal: * The right to additional purchases while the contract is valid. * To allow for any pause research activities that may impact the timelines.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/046631-2026 |
| Notice type | UK7 - Contract Details Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Below threshold - open competition |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 20 May 2026 |
| Submission deadline | 23 Mar 2026 |
| Future notice date | Not specified |
| Award date | 20 Apr 2026 |
| Contract period | 26 Apr 2026 - 21 Dec 2026 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £80,000 |
| Lots value | £80,000 |
| Awards value | Not specified |
| Contracts value | £79,551 |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Complete |
| Awards status | Active |
| Contracts status | Active |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | THE FINANCIAL REPORTING COUNCIL LIMITED |
| Locality | LONDON |
| Post town | East London |
| Postcode | E14 9GE |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI4 Inner London - East |
| ITL 3 | TLI42 Tower Hamlets |
| Local authority | Tower Hamlets |
| Electoral ward | Blackwall & Cubitt Town |
| Westminster constituency | Poplar and Limehouse |
| Delivery location | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | BAYES BUSINESS SCHOOL, CITY ST GEORGE'S, UNIVERSITY OF LONDON |

## CPV Codes

### Divisions

- 73 - Research and development services and related consultancy services

### Codes

- 73000000 - Research and development services and related consultancy services

## Release History

- 20 May 2026 at 15:30 - Award - UK7 - Contract Details Notice - https://www.find-tender.service.gov.uk/Notice/046631-2026
- 13 Feb 2026 at 14:12 - Tender - UK4 - Tender Notice - https://www.find-tender.service.gov.uk/Notice/013466-2026

## Documents

- https://www.find-tender.service.gov.uk/Notice/046631-2026
  20th May 2026 - Contract details notice on Find a Tender
- https://www.find-tender.service.gov.uk/Notice/013466-2026
  13th February 2026 - Tender notice on Find a Tender
- https://www.find-tender.service.gov.uk/Notice/Attachment/A-12025
- https://www.find-tender.service.gov.uk/Notice/Attachment/A-12027

## Notice URLs

- http://www.citystgeorges.ac.uk/
- http://www.frc.org.uk
- https://www.legislation.gov.uk/ukpga/2023/54/contents

## Provenance

This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-h6vhtk-06540a. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-06540a.json.