Statutory Insurance Rate Filing per F. S. 627. 351

This state and local contracting opportunity is for a statutory insurance rate filing service per Florida Statute 627.351. Citizens Property Insurance Corporation (Citizens), a state-run insurance provider in Florida, is seeking a vendor to provide a solution for analyzing and reporting on its rate competitiveness in the Florida property insurance market. The required services must include rate comparisons for at least 50% of the Florida property and casualty personal residential insurance market, delineated by insurer and line of business, and must be updated annually. Citizens indicates that only I4 Integrated Services has the necessary experience to complete the research per the requirements of the Office of Insurance Regulation. The contract value is approximately $828,000 for a 36-month performance period, and the request is being issued by Citizens' Financial Services - Corporate Analytics business unit. Interested vendors are requested to provide information on their ability to provide the required services by September 21, 2023 at 4:00 PM ET.

The procurement is a single-source purchase, as Citizens has determined that the necessary services are only available from I4 Integrated Services. There are no set-aside designations or restrictions on the types of organizations that can respond. The incumbent vendor or current contractor is not specified, and there is no information provided about any existing infrastructure or technology that requires integration. The budget range for this contract is approximately $828,000 over the 36-month performance period.