NFIP Actuarial Services
Closed Solicitation Posted
This opportunity was awarded. See the award notice from .
- Solicitation number
- 70FA6025B00000004
- 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 20472, United States
Notice details come from SAM.gov. Updated .
About this opportunity
The Federal Emergency Management Agency (FEMA) is soliciting proposals for actuarial and geospatial support services to assist the National Flood Insurance Program (NFIP) with ratemaking, insurance pricing, risk assessment, and related analytical activities. The contract will be a firm fixed-price award with a 12-month base period and four optional one-year periods. Key requirements include updating the combined rating plan, conducting annual rate reviews, updating target rate levels, performing geospatial reviews, developing products, and supporting research tracks. The contract requires two key personnel positions: a Senior Actuary and a Managing Actuary, each with actuarial society credentials and significant insurance industry experience (over 10 years for the Managing Actuary in risk rating and over 5 years for the Senior Actuary in catastrophic flood models). Evaluation will prioritize technical capability, key personnel qualifications, and past performance, with technical factors being significantly more important than price. Proposals are due January 7, 2026, at 10:00 a.m. EST, and questions must be submitted by December 3, 2025.
This solicitation contains no set-aside designation and represents a full and open competition. No incumbent contractor is identified in the available documents. The pricing schedule is structured as a template with all current line items showing $0 pricing, indicating final pricing will be proposed by offerors based on the five-year contract structure. The contract involves a five-year period of performance consisting of labor-based deliverables related to actuarial analysis, rating methodology updates, and geospatial support. Small business subcontracting goals include 65% overall small business participation, with specific targets for small disadvantaged businesses (5%), HUBZone small businesses (3%), service-disabled veteran-owned small businesses (5%), and women-owned small businesses (5%). Work will be performed in Washington, DC 20472.
Notice text
2 versions
Update #2 · Latest ·
Amendment 0001 Attachments are posted in the attachment/links section.
The purpose of this solicitation is to acquire actuarial and geospatial support services for the National Flood Insurance Program (NFIP).
Update #1 ·
The purpose of this solicitation is to acquire actuarial and geospatial support services for the National Flood Insurance Program (NFIP).
Files
Notice history
| Notice | Type | Posted |
|---|---|---|
| FEMA’s National Flood Insurance Program (NFIP) Actuary Support Services. | Award Notice | |
| This notice | Solicitation |
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