Terrorism Risk Insurance Program (TRIP) for Terrorism Risk Modeling

The Internal Revenue Service, on behalf of the Department of the Treasury's Terrorism Risk Insurance Program, issued a request for quote seeking terrorism risk modeling services to aid the Federal Insurance Office's administration of the program and monitoring of the terrorism risk insurance market. Vendors are to provide customized terrorism risk models and associated reports incorporating commercially available property and employment data to estimate losses from various attack scenarios. Proposals will be evaluated based on technical approach, past performance, experience, and price, with award made using best value tradeoff. The deadline for questions is June 30th and final proposal submission is July 26th.

There is no set-aside designation. The primary NAICS code is 524298 for insurance advisory services. The potential period of performance consists of a one-year base period and four optional one-year extensions. Pricing is requested for each year. Key deliverables include an initial terrorism risk insurance model, annual maintenance and enhancements, addition of a cyber component, and annual loss estimation reports. The place of performance will be within the U.S. Treasury IT environment.