Annual Rate Review and Target Rate Level Updates

The contract involves conducting annual reviews of the National Flood Insurance Program’s rate structures by analyzing historical loss data and applying actuarial and statistical models to assess the adequacy and accuracy of current premium levels. The work requires identifying trends in claims and losses, evaluating risk exposure across policy regions, and recommending targeted adjustments to ensure rates align with actual flood risk and financial sustainability goals. The contractor will be responsible for producing detailed analyses that support data-driven decisions to update target rate levels, ensuring the program remains actuarially sound while maintaining affordability and equity for policyholders. This subcontract is managed by the Mitigation Section under the Department of Homeland Security, with performance based in Washington, D.C., at the federal facility with zip code 20472. The work falls under NAICS code 541611, which classifies it as accounting, auditing, and bookkeeping services, emphasizing the analytical and technical nature of the tasks. The contract was posted on May 12, 2026, and is intended to support ongoing federal efforts to modernize and stabilize flood insurance pricing. There is no specified set-aside classification, and while no point of contact is listed, the work will be executed in alignment with DHS oversight and NFIP regulatory frameworks.