RFI__HSFE60-17-I-0003_A000002_SIGN.pdf

(x)

9A. AMENDMENT OF SOLICITATION NO.

HSFE60-17-I-0003

x x copies of the amendment; (b) By acknowledging receipt of this amendment on each copy of the offer submitted ; or (c) By separate letter or telegram which includes a reference to the solicitation and amendment numbers. FAILURE OF YOUR ACKNOWLEDGEMENT TO BE RECEIVED AT

THE PLACE DESIGNATED FOR THE RECEIPT OF OFFERS PRIOR TO THE HOUR AND DATE SPECIFIED MAY RESULT IN REJECTION OF YOUR OFFER. If by virtue of this amendment you desire to change an offer already submitted , such change may be made by telegram or letter, provided each telegram or letter makes reference to the solicitation and this amendment, and is received prior to the opening hour and date specified.

x

WASHINGTON DC 20472

3RD FLOOR

FEMA HQ

500 C STREET SW

OFFICE OF CHIEF PROCUREMENT OFFICE

FEDERAL EMERGENCY MANAGEMENT AGENCY

FEMA HQ

01/24/2017000002

13. THIS ITEM ONLY APPLIES TO MODIFICATION OF CONTRACTS/ORDERS. IT MODIFIES THE CONTRACT/ORDER NO. AS DESCRIBED IN ITEM 14.

12. ACCOUNTING AND APPROPRIATION DATA (If required) is not extended.is extended, Items 8 and 15, and returning

Offers must acknowledge receipt of this amendment prior to the hour and date specified in the solicitation or as amended , by one of the following methods: (a) By completing

The above numbered solicitation is amended as set forth in Item 14. The hour and date specified for receipt of Offers

11. THIS ITEM ONLY APPLIES TO AMENDMENTS OF SOLICITATIONS

FACILITY CODE CODE

10B. DATED (SEE ITEM 13)

10A. MODIFICATION OF CONTRACT/ORDER NO.

9B. DATED (SEE ITEM 11)

CODE

8. NAME AND ADDRESS OF CONTRACTOR (No., street, county, State and ZIP Code)

7. ADMINISTERED BY (If other than Item 6)CODE 6. ISSUED BY

PAGE OF PAGES

4. REQUISITION/PURCHASE REQ. NO.3. EFFECTIVE DATE2. AMENDMENT/MODIFICATION NO. 5. PROJECT NO. (If applicable)

1. CONTRACT ID CODE

AMENDMENT OF SOLICITATION/MODIFICATION OF CONTRACT

01/14/2017

CHECK ONE A. THIS CHANGE ORDER IS ISSUED PURSUANT TO: (Specify authority) THE CHANGES SET FORTH IN ITEM 14 ARE MADE IN THE CONTRACT

B. THE ABOVE NUMBERED CONTRACT/ORDER IS MODIFIED TO REFLECT THE ADMINISTRATIVE CHANGES (such as changes in paying office, C. THIS SUPPLEMENTAL AGREEMENT IS ENTERED INTO PURSUANT TO AUTHORITY OF:

D. OTHER (Specify type of modification and authority) appropriation date, etc.) SET FORTH IN ITEM 14, PURSUANT TO THE AUTHORITY OF FAR 43.103(b).

E. IMPORTANT: Contractor is required to sign this document and return __________________ copies to the issuing office.

ORDER NO. IN ITEM 10A.

14. DESCRIPTION OF AMENDMENT/MODIFICATION (Organized by UCF section headings, including solicitation/contract subject matter where feasible.)

15A. NAME AND TITLE OF SIGNER (Type or print)

15C. DATE SIGNED 16B. UNITED STATES OF AMERICA 15B. CONTRACTOR/OFFEROR 16C. DATE SIGNED

(Signature of person authorized to sign) (Signature of Contracting Officer)

16A. NAME AND TITLE OF CONTRACTING OFFICER (Type or print)

Freda R. McDonald

STANDARD FORM 30 (REV. 10-83)

Prescribed by GSA

FAR (48 CFR) 53.243

NSN 7540-01-152-8070

Previous edition unusable

Except as provided herein, all terms and conditions of the document referenced in Item 9 A or 10A, as heretofore changed, remains unchanged and in full force and effect .

The purpose of this amendment is to:

1. Provide the NFIP Industry Day Slides from January 19, 2017.

2. Provide FEMAs responses to the questions submitted in response to the NFIP Risk Rating Industry

Day.

3. Extend the RFI submission deadline to Thursday, January 26, 2017 at 09:00 am EST.

******************************************End of Amendment 000002*********************************** fmcdonal Typewritten Text 1/24/2017 fmcdonal Typewritten Text

Question Number

Question/Comment FEMA Response

1 Has FEMA officially revised the due date for the RFI response? The webcast slides indicated that the due date is now "Tuesday, January, 25, 2017". January 25, 2017 is a f

Yes. The Government has revised its due date for RFI responses to Thursday, January 26, 2017 at 9 a.m. (EST).

2 Item #2 in the requested information section of the RFI reads as follows: "Summarization of projects showing capabilities and past performance in the applicable areas and list relevant projects (list to include names of reinsurers and brokers". This work is not just limited to reinsurers and brokers. Was this inadvertently included as part of item #2? Please clarify FEMA's intent.

Yes. The Government's intent is to allow past performance beyond Government work.

3 Is it possible to get an e-mailed copy of the slide deck that was presented this morning?

Yes. The slide deck shall be posted on FedBizOpps.

4 If it is not possible to get a copy of the deck, could you please provide the subject line that needs to go in our e-mail submissions?

Please review the Request for Information on FedBizOpps for full instructions on responses. The subject line of the email shall contain the following: Response to Sources Sought Notice HSFE60- 17-I-0003 - Risk Rating and Classification Capabilities.

5 On the slide that contained deadlines, there was a reference to Tuesday, January 24 as the due date for responses to this RFI. Could you please clarify whether the date is Tuesday, January 23 or Wednesday, January 24, and the correct time?

The due date for responses to this RFI is Thursday January 26 at 9:00 a.m. (EST).

6 Would it be possible for us to receive a copy of the presentation posted of the industry day?

Yes. The slide deck shall be posted on FedBizOpps.

7 Would it be possible for us to receive a copy of the presentation posted of the industry day?

Yes. The slide deck shall be posted on FedBizOpps.

8 The RFI, amendment, and comments generate ambiguity about the extent of responses – is it 10 pages, 15 pages or 30 pages? Given responses are electronic, it is difficult to predict if an individual will print using the double sided feature.

The RFI responses can be 30 pages, one sided.

9 The amendment issued reduces the page count to 10.

Further it appears to include pages related to a different

RFI. Please confirm the page count and that pages 2 and 3 of the amendment do not pertain to this RFI.

The RFI responses can be 30 pages, one sided.

10 Is FEMA's vision that the results of the 5 month project serve as a pilot or that it provides a comprehensive solution?

The initial 5-6 months should provide a direction and general approach of a comprehensive solution to NFIP risk rating, but does not include any implementation of the designed approach.

11 To what degree is this work envisioned to be an actuarial analysis about historical damage and claims versus a forward-looking projection of risk exposure?

FEMA envisions the work to be a primarily forward-looking projection. FEMA recognizes that historical losses are not sufficient to develop risk classes and pricing for the flood peril, but still expects the work to appropriately be informed by historical data.

HSFE60-17-I-0003

Risk Rating 2.0 Program from Industry Day

Questions & Answers

HSFE60-17-I-0003

Risk Rating 2.0 Program from Industry Day

Questions & Answers 12 If an actuarial analysis of risk rating vs. historical flood claim history (e.g., losses or declarations) is expected by FEMA, will FEMA provide historical flood claims data in detail to support such an analysis?

Yes. Historical data will be provided by FEMA in accordance with cyber security laws

13 Is FEMA looking for a scientifically defensible analysis that includes a model, historical analysis, correlation between the model results and history, along with premium analysis?

Yes. FEMA is expecting any analysis to be defensible to Congress, policyholders, and the public.

14 Does FEMA envision the use of industry focus groups to conduct the analysis, develop models and validate findings or recommendations?

This will discussed within the solicitation.

15 During the industry day call, FEMA compared this assessment to the reinsurance study conducted in recent years. Please embellish how this study is best related to that work and can one follow a similar approach?

FEMA used a collaborative, outcomes-based approach to place reinsurance in a short period of time. The same team will be working on the Risk Rating initiative and plans to work very closely with any contractors that are procured to support the effort.

16 It was noted that NFIP primarily serves single family residential structures. Further there was a vision of success that would encourage the commercial insurance industry to sell policies directly. Please clarify how one should view these comments. Specifically, would FEMA seek options to serve as a reinsurer to industry, sell direct in competition with industry, or possibly exit the market if commercial industry demonstrated sufficient offerings?

FEMA is working to modernize their approach to providing flood insurance, which could be used as a model for private insurers.

FEMA's future role in the market is still to be determined.

17 Please expand upon the vision for improved risk rating. At a macro level, is the goal to increase in NFIP participation, increase community resilience, improve coverage, reduce premiums. Further, does FEMA ultimately seek to reduce NFIP costs or homeowner premiums with the revised rating system?

FEMA's goal is to provide accurate, understandable, risk based pricing. How this ultimately affects premiums is still to be determined.

18 Does FEMA anticipate the purchase of flood damage data from commercial sources to use in this work? The purchase of large amounts of residential housing data that can be used to determine flood risk factors for individual structures?

No. FEMA will not be purchasing flood damage data from commercial sources for this effort. FEMA expects the project to develop a framework to understand the primary characteristics that would be used to classify the vulnerability of structures to flood damage.