This Government Contract opportunity from California was posted on April 15, 2026. The submission period has ended. Browse the details below for market research, or find similar active opportunities.

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Financial Loss Engine Development (AAL, PML, EP Curves)

Closed

State & Local

Submission Closed06/23/2026, 12:00:00 AM UTC

Contract Overview

Solicitation details, issuing organization, response deadlines, documents, and interested companies for this government contract opportunity.

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NAICS: 524298

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Solicitation # 2026-024

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City of Moreno Valley

POSTED

27 days ago

DEADLINE

in 30 days

AI Contract Overview

This contract involves the development of a financial engine designed to calculate key insurance risk metrics such as Average Annual Loss (AAL), Probable Maximum Loss (PML), and Exceedance Probability (EP) curves. The goal is to create a robust tool that aids in assessing insurance risks more accurately by generating these critical loss metrics, which are essential for underwriting, pricing, and risk management processes in the insurance industry. The project is a subcontract opportunity issued by the California Department of Insurance, emphasizing the importance of precise risk quantification in the state's regulatory framework. The contract was posted on April 15, 2026, with a response deadline set for June 23, 2026. It falls under the NAICS code 524298, indicating its alignment with insurance claims processing or related services. While specific location details for the place of performance are not provided, the contract’s availability on the California eProcure platform offers potential bidders access to detailed submission instructions and requirements. This initiative represents a significant effort by the California Department of Insurance to enhance risk evaluation capabilities through advanced financial modeling tools.

General Info

Development of financial engine to calculate insurance risk metrics for California Department of Insurance.

Agency

California Department of Insurance

NAICS

524298 - All Other Insurance Related Activities

Place of Performance

CA, USA

Set-Aside

NONE

Documents

This scope was carved out of 26CSB-014S.

The full solicitation package (3 documents), including the RFP, is on the prime solicitation, not on this scope.

View the prime solicitation

California Wildfire Safety and Risk Mitigation Program (Research and Education Center & Public Wildfire Catastrophe Model), RFE # 26CSB-014

AI Contract Breakdown

Uniform Contract Format

No documents to break down

The breakdown needs solicitation documents. None were found from this contract's source.

Timeline

PhaseClosed

PostedApr 15

subcontract

Response DeadlineJun 23

Deadline has passed

Submission Closed

06/23/2026, 12:00:00 AM UTC

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Organization & Contact Information

AgencyCalifornia Department of Insurance

ContactsNo contacts available

OfficeN/A

Organization / AgencyCalifornia Department of Insurance

Office AddressN/A

ContactsNo contact information available

Full Description

Develop a financial engine to generate insurance risk metrics including Average Annual Loss (AAL), Probable Maximum Loss (PML), and Exceedance Probability (EP) curves.