Insurance Rate Modeling & Actuarial Analysis Support

Citizens Property Insurance Corporation is seeking a subcontractor to perform actuarial modeling and competitive rate benchmarking for Florida homeowners HO-3, dwelling fire DP-3, and condominium HO-6 insurance policies, ensuring full compliance with applicable Florida statutes. The work requires detailed analysis of risk exposure, premium adequacy, and market competitiveness to support rate filings and regulatory requirements specific to the Florida insurance environment. The subcontractor must demonstrate expertise in property insurance actuarial science, familiarity with Florida regulatory frameworks, and the ability to deliver accurate, defensible models that reflect current market conditions and statutory mandates. All deliverables are expected to align with the standards and timelines dictated by the Florida Department of Financial Services and Citizens’ operational policies. The opportunity is posted with a response deadline of August 14, 2026, and is classified under NAICS code 541620 for actuarial services. The contract is structured as a subcontract, indicating that the selected provider will support Citizens’ internal actuarial team rather than serve as a direct vendor to the state. Performance of services will occur in Florida, consistent with the agency’s jurisdictional responsibilities. Interested parties must submit proposals by the stated deadline, with no set-aside provisions identified, allowing for open competition. The contracting entity is focused on securing high-quality analytical support to maintain stable, legally compliant insurance rates across the state’s largest provider of residential property insurance.