OFF44 2020 Home Insurance and Credit Insurance Reports 5/12/22

The state of Massachusetts is seeking the submission of the 2020 Credit Insurance Report and the 2020 Annual Home Insurance Report. The Credit Insurance Report provides an overview of credit insurance products, including data and analysis on earned premiums, incurred claims, and loss ratios for credit life, credit disability income, and credit involuntary unemployment insurance products. The Annual Home Insurance Report analyzes the home insurance market in Massachusetts, including data on policy types, market share, coverage options, financial results, loss ratios, and cancellations and non-renewals in urban and coastal areas. The reports are due by May 24, 2022.

This procurement does not appear to have any set-aside designations or restrictions on the types of organizations that can respond. The reports are prepared annually by the Massachusetts Division of Insurance and no incumbent vendors or contractors are specified. The reports provide comprehensive data and insights on the credit insurance and home insurance markets in Massachusetts, serving as an important tool for policymakers, regulators, and industry stakeholders. No award values or budget ranges are provided.