Final FIMA 53 RFI 03.02.2022 Revised 3.18.22.docx

Federal Emergency Management Agency (FEMA) FEMA/Federal Insurance Mitigation Administration (FIMA) Reinsurance Broker Services Request for Information (RFI) March 3, 2021

REQUEST FOR INFORMATION (RFI) SUMMARY: The Federal Emergency Management Agency (FEMA), Federal Insurance and Mitigation Administration (FIMA), requires expert Contractor Reinsurance Broker Services from a reinsurance broker as FIMA continues to build and expand the National Flood Insurance Program (NFIP) Reinsurance Program (NRP). FIMA requires reinsurance brokerage expertise to provide the services set forth within the attached draft statement of objectives. FIMA intends to use one broker to achieve this objective.

GENERAL INFORMATION: This RFI is issued solely for information gathering purposes to identify sources that can provide continued support of the FEMA/Federal Insurance Mitigation Administration (FIMA) Reinsurance Broker Services. In accordance with FAR 15.201(e), RFIs may be used when the Government wants to obtain price, delivery, other market information, and capabilities for planning purposes. Responses to these RFIs are not offers and cannot be accepted by the Government to form a binding contract. This RFI shall not be construed as a commitment by the Government for any purpose, nor does it restrict the Government to an ultimate acquisition approach. Respondents are solely responsible for all expenses associated with their RFI response. Respondents will not receive additional information in response to their submittal to the RFI.

NAICS CODE: 524130 – Reinsurance Carriers

ANTICIPATED PERIOD OF PERFORMANCE START DATE: 2nd Quarter 2023

PROPRIETARY INFORMATION AND DISCLAIMERS: Respondents shall identify any proprietary information in its RFI response. Information submitted in response to this RFI will be used at the discretion of the Government. Further, the information submitted will remain confidential insofar as permitted by law, including the Freedom of Information and Privacy Acts. FEMA reserves the right to utilize any non-proprietary technical information in the anticipated SOO or solicitation.

Although it is not necessary to address in their response, respondents shall be aware of any potential, actual, or perceived organizational conflicts of interests. Any real or potential conflicts must be sufficiently mitigated prior to a contract award. For further guidance, refer to the Federal Acquisition Regulation, Part 9.5.

ATTACHMENT: Reinsurance Broker Services Statement of Objectives (DRAFT)

RFI RESPONSE SUBMITTAL INSTRUCTIONS:

Interested contractors shall submit their RFI responses electronically to Glen Seipp at glen.seipp@fema.dhs.gov no later than 2:00PM Eastern Standard Time (EST), Thursday, March 24, 2022.

“RFI Response for Reinsurance Broker Services” shall be in the subject line of your e-mail. All responses shall be unclassified, with proprietary information clearly marked. The document format shall be either Microsoft Word (.doc or .docx), or Adobe Acrobat (.pdf) formats. Pages shall be 8.5 by 11 inch and shall use a type pitch that is no smaller than a standard 11-point font type, with the exception of charts, graphs, or tables, which shall use a pitch not smaller than 10-point font. Responses shall not exceed (page limit) pages in length including images, data displays, charts, graphs, and tables. Page limitation does not include: 1 cover page. Do not include promotional materials.

RFI Responses shall include the following information in the order below:

A. Cover Page with the following information:

1) Company Name

2) Company Address

3) DUNS Number

4) Company Point of Contact - Name, Title, Phone, and Email address

5) Statement of current business size status (ie HUBZone small business concern, service-disabled veteran-owned small business firm, 8(a) contractor, woman-owned small business, small business, or large business concern). Also business size in relation to the NAICS code size standards assigned to this acquisition.

B. Contractor Capability Statement (No more than two pages in length)

1) Summarization of relevant projects showing capabilities

2) Past performance in applicable areas

C. Contractor RFI Responses to questions (No more than twenty pages in length)

The responses received will assist FEMA with identifying the number and nature of the entities that consider themselves potential technical solution providers. Each respondent, by submitting a response, agrees that any cost incurred in response to this RFI, or in support of activities associated with this RFI, shall be the sole responsibility of the respondent. FEMA shall incur no obligations or liabilities whatsoever, to anyone, for any costs or expenses incurred by the respondent in responding to this RFI.

REQUEST FOR INFORMATION (RFI) QUESTIONS

General:

1. Offer any suggested changes to the draft SOO (attached). Using the attached draft SOO, can you describe the appropriate level of effort/ scope for a project like this? What would be the biggest cost drivers?

2. FIMA has previously placed a firm fixed price IDIQ for this effort. Would you recommend a different contract or pricing structure?

Reinsurance Broker Services:

3. Please provide a capability statement that would support providing Reinsurance Broker Services.

4. What knowledge and services does your company offer to meet the needs of the government? (Reinsurance Broker Services)

5. Please describe any previous experience working in the flood (re)insurance space, including any in-house subject matter expertise available (for example actuarial support services).

6. Please describe any previous experience supporting large requirements with reinsurance services, to include the standard/industry pricing approach for these services.

7. What type of timeframe and ramp up would your company normally require to be fully functional to support the Reinsurance Broker Services upon award of the contract?

Data Modeling Services:

8. Describe your ability to provide catastrophe modeling software other than AIR, Katrisk, and CoreLogic.

9. Describe any concerns or questions you may have with using your Company’s available commercial modeling license(s) within FEMA’s modeling system. (FEMA is not able to have its policy data analyzed outside of FEMA data systems due to PII. FEMA has a cloud data system, that a vendor would be able to apply model licenses to FEMA’s data system)

10. Describe any tools that you have available for post processing of catastrophe models (for blending multiple components/vendors, scaling, or other adjustments to provide aggregated model output to help inform FEMA’s view of flood risk?)

Financial Support Services:

11. Describe your ongoing market outreach process, how you determine acceptable and suitable reinsurers for market selection and monitoring their ability to meet future obligations and fulfill the contract terms.

Technology:

12. Is there emerging technology FIMA should consider for this effort?

13. Describe your tools and processes for monitoring catastrophe reinsurance market conditions and price level changes (quantitative data, sharing of data/information among brokers, etc.).

14. To what level of detail are you willing and able to share your market information? Since flood covers in the market are limited, describe the relevance of your data to flood covers.

15. Are you willing and able to work with an independent online marketplace to determine price if that approach is elected by FEMA?

16. If you offer an online marketplace to determine price, please describe software requirements for the buyers and sellers of reinsurance and the manner in which buyers, sellers, and the vendor interact with the software.

17. If you offer an online marketplace to determine price, please describe the process in which the price and coverage amounts are determined.