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Advertisement Detail Request for Proposal Rate Comparison Services Advertisement Number: 20-0004 Version Number: 001 Advertisement Begin Date/Time: 03/19/2020 - 01:09 P.M. Advertisement End Date/Time: 04/23/2020 - 01:09 P.M. Mod: 03-19-2020 01:11:10 Last Edit: Thursday, March 19, 2020 at 01:11:10 P.M.
Citizens Property Insurance Corporation (Citizens) is seeking competitive sealed proposals (Proposals) from firms (Vendors) capable of providing a software solution for evaluating Citizens’ rate competitiveness, by line of business, in the Florida property insurance market (Services). In particular, the Services must evaluate the rates for Citizens’ policy data portfolio and compare them to the rates of each of the Florida property insurers, (Rate Comparison). The Services must include Rate Comparisons for Homeowners (HO-3), Dwelling Fire (DP-3), and Condo Unit Owners (HO-6) lines of business. The Rate Comparisons for HO-3, DP-3, and HO-6 must include at least fifty percent (50%) of the Florida Property and Casualty Personal Residential Insurers market, measured using total insured value. The Services must provide the Rate Comparisons delineated by insurer and by line of business. The Services should be updated frequently to reflect the latest data available to the industry. The Services must also include tools for user analysis and reporting on Rate Comparisons, including tools that summarize, analyze and visualize statistical metrics on Citizens’ market competitiveness. These tools must include functionality that differentiates the competitive position of each insurer broken down by multiple relevant characteristics. (e.g. geographic territory, county, coverages, year built, construction, deductible type, roof shape, roof covering, opening protection, or number of stories.) The Services may be a web-based or desktop solution and must provide for the security of Citizens’ policyholder data and other confidential information. Citizens intends to award a contract to one Vendor under this RFP. The Vendor will be required to sign a contract (Contract) substantially in the form set forth on Attachment F, Draft Contract. Citizens will assign work under the Contract as the need arises and based on the considerations in effect at that time. Citizens cannot guarantee how much work, if any, will be assigned to the awarded Vendor. All Vendors should familiarize themselves with all requirements of this solicitation before submitting a Proposal. https://www.citizensfla.com/web/public/solicitations Please refer to the solicitation documents which can be found at the link above for additional information and important dates.
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