Competitive Rate Comparison Services.pdf
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- Attached to
- Competitive Rate Comparison Services
- Solicitation number
- SS-16549
- Issued by
- Leon County, Florida
About this file
This is a Single Source Purchase Description filed by Citizens Property Insurance Corporation of Florida for Competitive Rate Comparison Services. The procurement seeks specialized rate comparison services to analyze and report on Citizens' rate competitiveness within the Florida property insurance market. The services must provide accurate rate calculations and comparisons for HO-3, DP-3, and HO-6 lines of business, comparing Citizens' rates against at least fifty percent of the Florida property and casualty personal residential insurers market measured by total insured value. As of July 10, 2026, Citizens held 278,269 policies across personal and commercial residential as well as commercial non-residential multiperil and wind-only lines of business. The quantity required is on an as-needed basis, with services to be updated annually. The deadline for receipt of information from prospective vendors is August 14, 2026, at 5:00 PM ET. The contract term is 60 months.
The estimated dollar amount for this single source purchase is approximately $1,550,000.00. The intended single source vendor is i4 Integrated Services, selected based on their specialized analytical capabilities that are not readily available from other vendors in the insurance analytics marketplace. The vendor's platform performs policy-level premium simulations using proprietary rating models and a specialized database of Florida property insurer rating methodologies, enabling precise rate comparisons to support Citizens' statutory rate filing requirements under Florida law. The services are requested by the Corporate Analytics - Actuarial Data Science department.
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DESCRIPTION OF INTENDED SINGLE SOURCE PURCHASE
SINGLE SOURCE PURCHASE NO. SS26-2001
TITLE: Competitive Rate Comparison Services
CONTACT: procurement@citizensfla.com
DATE POSTED: July 27, 2026
LAST DAY FOR RECIEPT OF INFORMATION: August 14, 2026, at 5:00PM ET
This description of commodities or contractual services, intended for purchase from a single source, is posted in accordance with Sections 627.351(6)(e) and 287.057(3)(c), Florida Statutes, and will remain posted for a period of at least 15 business days.
COMMODITY OR CONTRACTUAL SERVICE REQUIRED: Rate comparison services for statutory insurance rate filing
PERFORMANCE AND/OR DESIGN REQUIREMENTS: These services provide a solution for analyzing and reporting on Citizens’ rate competitiveness in the Florida property insurance market. The services perform accurate rate comparisons by evaluating the rates of Citizens’ policy data portfolio and comparing them to the rates of Florida property insurers. As of July 10, 2026, Citizens had policies 278,269 policies and writes personal and commercial residential as well as commercial non-residential multiperil and wind-only lines of business.
At a minimum, the services must include accurate rate calculations and comparisons for HO-3, DP-3, and HO-6 lines of business where all lines will need to be compared in the future. The rate calculations and comparisons for HO-3, DP-3, and HO-6 must include at least fifty percent (50%) of the Florida property and casualty personal residential insurers market, measured using total insured value. The services must provide the rate comparisons delineated by insurer and by line of business. The services should be updated annually.
QUANTITY: As needed
TERM: 60 months
INTENDED SINGLE SOURCE: i4 Integrated Services
ESTIMATED DOLLAR AMOUNT: Approximately $1,550,000.00
JUSTIFICATION FOR SINGLE SOURCE PURCHASE: The services provided by i4 Integrated Services offer specialized analytical capabilities that are not readily available from other vendors in the insurance analytics marketplace. The vendor’s platform performs policy-level premium simulations, replicating the premiums private insurers would charge for individual Citizens’ policies using proprietary rating models and a specialized database of Florida property insurer rating methodologies. This capability enables precise comparisons that support Citizens’ statutory rate filing requirements in accordance with Florida law.
REQUESTOR: Corporate Analytics - Actuarial Data Science mailto:procurement@citizensfla.com
Prospective vendors are requested to provide information regarding their ability to supply the commodities or contractual services described. If it is determined in writing by Citizens, after reviewing any information received from prospective vendors, that the commodities or contractual services are available only from a single source, Citizens will provide notice of its intended decision to enter a single-source purchase contract in the manner specified in section 627.351(6), Florida Statutes.
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