NFIP Actuarial Services

The document,

The Department of Homeland Security's Quality Assurance Surveillance Plan (QASP) for the National Flood Insurance Program's Actuarial Consulting Services outlines the government's method for evaluating contractor performance. The QASP ensures contractors meet performance standards through systematic monitoring, defining roles, objectives, and evaluation methodologies. Key performance areas include learning NFIP risk rating, updating rating plans, annual rate reviews, geospatial reviews, research tracking, product development, and transition. Deliverables are inspected for content, completeness, accuracy, and compliance within 20 business days for review and 15 days for contractor revisions. Performance is evaluated against specific objectives, standards, acceptable quality levels, and surveillance methods, with incentives for high performance and disincentives for deficiencies. Monthly reports by the Contracting Officer's Representative (COR) summarize performance, with discrepancy reports issued for unmet requirements, impacting contractor performance records.

The Federal Emergency Management Agency (FEMA) is seeking actuarial services for its National Flood Insurance Program (NFIP) to provide technical, actuarial, and geospatial capabilities, analytics, advice, and guidance related to ratemaking and insurance pricing. The contract will be a firm-fixed-price, single-award type, with a performance period of up to five years. The selected contractor will be responsible for learning the existing NFIP rating methodology, completing updates to a combined rating plan, performing annual rate reviews, and executing one full rate analysis during the contract term. Additionally, the contractor will support modular updates to the rating plan, review and incorporate geospatial datasets, conduct ongoing research and development, assist with product development related to new policy forms, and provide audit and litigation support. The contractor must ensure the safeguarding of Controlled Unclassified Information (CUI) and personally identifiable information (PII), adhering to strict security and privacy requirements, including incident reporting and mandatory training. Key personnel requirements include a Managing Actuary and Senior Actuary with extensive experience in natural catastrophe rating.

The Federal Emergency Management Agency (FEMA) is soliciting proposals for actuarial and geospatial support services for the National Flood Insurance Program (NFIP). This full and open solicitation (RFP No. 70FA6025B00000004) seeks to acquire technical capabilities, analytics, advice, and guidance related to NFIP ratemaking and insurance pricing. The contract will be a firm-fixed-price type with a one-year base period and four one-year options. Key dates include a questions due date of December 3, 2025, and a proposal due date of January 7, 2026. Services will primarily be performed at the contractor's site within the National Capital Region. The RFP includes standard government contract clauses, such as prohibitions on using hardware/software from Kaspersky Lab and certain telecommunications/video surveillance equipment, and outlines detailed invoicing and payment procedures. It also incorporates various FAR clauses related to commercial products and services, business ethics, small business utilization, and labor standards.

RFP No. 70FA6025B00000004 seeks actuarial and geospatial support for the National Flood Insurance Program (NFIP) at FEMA, Federal Insurance Division (FID). The services are critical for ratemaking and insurance pricing, ensuring a financially sound flood insurance structure. This is a full and open solicitation, following FAR Part 12 and 15 procedures, with a firm-fixed-price contract for a 12-month base period and four one-year options. Key dates include a November 20, 2025 issue date, with questions due by December 3, 2025, and proposals by January 7, 2026. The contract requires adherence to federal regulations, including prohibitions on Kaspersky Lab and certain telecommunications equipment, and compliance with various FAR clauses related to business ethics, small business utilization, and labor standards. Invoicing must follow specific guidelines, with payments subject to prompt payment acts and regulations. Performance will primarily be at the contractor’s site within the National Capital Region. The contractor is responsible for providing all necessary resources and must identify as a contractor in all communications.

This document is Amendment 00001 to Solicitation 70FA6025B0000004 for NFIP Actuarial Services, dated December 9, 2025. Its purpose is to answer vendor-submitted questions and incorporate the revised solicitation. Key clarifications include that FEMA does not anticipate the contractor will perform all catastrophe model runs, and non-FEMA systems can be used for model runs with non-PII datasets. The required key personnel are Managing Actuary and Senior Actuary. The overall small business subcontracting goal is 47%, and a subcontracting plan is required from the successful offeror after award. Offerors must provide specific dollar values for past performance and should not submit separate redacted copies for proprietary information. FEMA provides basic office software, while the contractor is responsible for advanced modeling software.