PUR7776 Description of Single Source Purchase.pdf

PUR 7776 (Revised 07/2022) Page 1 of 3

Incorporated by Reference: Rule 60A-1.045, F.A.C.

DESCRIPTION OF INTENDED

SINGLE SOURCE PURCHASE

(PUR 7776)

AGENCY: Department of Finacial Services

TITLE: Verisk Database Subscription via Insurance Services Office, Inc.

Short description of the commodity or service desired: Intelligence Report Database Access

CONTACT

Name: Edward Nabong

Address: 200 East Gaines Street, Tallahassee, Florida, 32399

Telephone: 850-413-2070

Email: DFSPurchasing@myfloridacfo.com

Internal tracking number, if any: 2425-06 SS CID

Date posted: 09/18/2024 Last day for receipt of information: 10/09/2024

This description of commodities or contractual services intended for purchase from a single source is posted in accordance with Sections 120.57(3) and 287.057(3), Florida Statutes (F.S.), and will remain posted for a period of at least 15 business days.

Commodity or Contractual Service Required (commodity or United National Standard Products and Services Code (UNSPSC), manufacturer, model, and description, as appropriate):

81111901 Database information retrieval

43232305 Data base reporting software

Quantity or Term (as appropriate):

3 Years

Requestor (division, bureau, office, individual, as appropriate):

Criminal Investigations Division

Performance and/or Design Requirements (e.g. intended use, function or application, compatibility, requirements; reference to policy, rule, statute or other act of the Legislature, etc., as appropriate):

The Division’s detectives investigate complex, highly specialized criminal cases, such as money laundering, mortgage fraud, workers’ compensation premium fraud, organized crime, Personal

Insurance Protection (PIP) fraud, arson and explosives investigations, forensic investigations, and other state financial crimes. The Verisk Database Subscription (Verisk) provides leading edge technology and acts as a repository for insurance claims information on a national level.

Within Verisk there are multiple platforms and options including the following:

NetMap:

PUR 7776 (Revised 07/2022) Page 2 of 3

Incorporated by Reference: Rule 60A-1.045, F.A.C.

NetMap gives analysts and investigators the power to identify critical connections in ISO

ClaimSearch data using link analysis technology. NetMap is the only link analysis application with direct access to the 1.5 Billion claims data available in ClaimSearch allowing users to leverage vetted third-party data to provide a holistic view of network activity in the state of

Florida. NetMap gives the Division the power to proactively explore data by loss type, location, involved party personal identifiers, vehicles, service providers, and other insightful data.

NetMap as a Service:

NetMap as a Service utilizes Verisk’s NetMap experts to quickly analyze suspicious trends and uncover hidden connections.

1.NetMap experts will provide multiple Intelligence Reports per month. Each Intelligence

Report will include the NetMap network study, a summary of the findings and outline potential next steps for investigation.

2.NetMap experts will meet with users to discuss the Intelligence Reports to share and consult on the Report’s findings.

MedSentry:

MedSentry is an AI driven, machine learning model which leverages predictive analytics and expert clinical analysis to deliver actionable intelligence to stop provider fraud, waste, and abuse.

MedSentry harnesses industry-wide data for benchmarking and analytics. The Analytic models identify and explain outlier patterns and schemes behind higher scores and supply solid analytics for intervention.

Intended Single Source:

Insurance Services Office, Inc, a subsidiary of Verisk Analytics, Inc (Verisk)

Estimated Dollar Amount:

$3,163,462.00

Justification for single source acquisition (what is necessary and unique about the product, service or source; steps taken to confirm unavailability of competition, as appropriate):

The Department of Financial Services believes that the services are available only from

Insurance Services Office, Inc. a subsidiary of Verisk Analytics, Inc. (Verisk). Verisk serves as the systems manager for the National Insurance Crime Bureau (NICB). Verisk provides and maintains the communications link between insurers, NICB, and various state fraud reporting bureaus. Verisk systems enable direct reporting and sharing of suspected fraudulent insurance transactions information among carriers, NICB, and the Criminal Investigations Division. No other vendors provide this service.

Approved By (names & titles, as appropriate, e.g., requestor, requestor management, information systems, budget, purchasing):

Edward Nabong, Division of Administration

Amy Jones, Division of Administration

Sade Butler, Criminal Investigations Division

Simon Blank, Criminal Investigations Division

Leah Marino, General Counsel's Office

PUR 7776 (Revised 07/2022) Page 3 of 3

Incorporated by Reference: Rule 60A-1.045, F.A.C.

Julie Jones, Deputy CFO

Scott Fennell, Deputy CFO

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 the agency, after reviewing any information received from prospective vendors, that the commodities or contractual services are available only from a single source, the agency shall provide notice of its intended decision to enter a single-source purchase contract in the manner specified in Rule 60A-

1.045, Florida Administrative Code, and section 120.57(3), F.S.