Actuarial & Catastrophic Modeling Consulting Services
Closed Pre-Solicitation Posted
- Solicitation number
- FID11262024
- Agency
-
Federal Emergency Management Agency
Department of Homeland Security
- Responses due
- Set-aside
- No set-aside
Opportunity facts
- NAICS code
- 524298 All Other Insurance Related Activities
- PSC
- R499 Support- Professional: Other
- Place of performance
- Washington, District of Columbia, United States
Notice details come from SAM.gov. Updated .
About this opportunity
The Federal Emergency Management Agency (FEMA) is conducting a Request for Information (RFI) to identify potential contractors for Actuarial and Catastrophic Modeling Consulting Services supporting the National Flood Insurance Program (NFIP). The agency seeks vendors with expertise in actuarial services, catastrophe modeling, and data validation to assist in modernizing their risk rating methodology. Contractors must be registered in SAM.gov and possess capabilities in geospatial data handling, risk rating factor development, and innovative analytical approaches. The RFI requires a comprehensive response limited to 10 pages, including a one-page capability statement and responses to 13 detailed technical questions. Key submission deadlines include December 12, 2024, for preliminary questions and December 18, 2024, at 4:00 PM EST for full responses, with an anticipated period of performance beginning September 29, 2025.
The opportunity is not set aside for any specific business category and falls under NAICS code 524298 (All Other Insurance Related Activities) and PSC R499 (Support- Professional: Other). While specific award values are not explicitly stated, the RFI suggests a significant scope of work involving complex actuarial and modeling consulting services. The contract will focus on eliminating inconsistencies in FEMA's premium calculation processes across multiple systems, including Excel, SQL, and rating engines. Vendors will need to demonstrate advanced capabilities in catastrophe modeling, data validation, and risk assessment methodologies. The potential engagement appears designed to support long-term improvements in FEMA's flood insurance risk assessment and rating strategies, indicating a substantial and potentially multi-year consulting opportunity for qualified firms.
Notice text
To identify sources that can provide support to the Department of Homeland Security (DHS), Federal Emergency Management Agency (FEMA) for Actuarial & Catastrophic Modeling and Actuarial Consulting Services.
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