Annual Rate Review and Target Rate Level Updates

This contract involves performing annual reviews of National Flood Insurance Program (NFIP) rates by analyzing loss data and recommending updates to target rate levels through the use of actuarial and statistical models. The purpose is to ensure that rate levels remain accurate and reflective of current risk assessments. The work will be conducted as a subcontract under NAICS code 541611, which pertains to administrative management and general management consulting services. The contract is issued by the Mitigation Section of the Department of Homeland Security and is scheduled to be performed in Washington, with the ZIP code 20472. The review process is critical to maintaining the financial stability of the NFIP by updating rate structures based on sound data-driven analysis. Although specific points of contact and set-aside details are not provided, the role requires specialized expertise in actuarial science and data analysis to inform rate-setting decisions in a government context.