Department of Commerce and Consumer Affairs - ACT-27-P&C Professional Actuarial Consulting Services 2026
Hawaii Department of Commerce and Consumer Affairs | State of HawaiiState · Honolulu, HI- Due
- Dec 1, 2026
- 19 days left
- Posted
- Oct 29, 2026
- Primary contact
- Mio Shimamura
- (808) 587-7581
The 30-second brief
The Insurance Division of the Hawaii Department of Commerce and Consumer Affairs seeks professional actuarial consulting services to review updated hurricane and earthquake catastrophe models used in evaluating property insurance rate filings. The project involves reviewing natural hazard catastrophe models, assessing loss cost models, evaluating input datasets, providing formal accuracy reports, assessing risk exposure and building code variations, and delivering expert witness testimony if required. Candidates must provide a credentialed Actuary with experience in natural hazard catastrophe models and solicit input from structural engineering and meteorology consultants with expertise in Hawaii conditions. The submission deadline is December 1, 2026, at 4:30 p.m.
Formal report on accuracy and reliability of hurricane and earthquake models, Assessment of risk exposure and building code impacts, Recommendations of acceptable models for property insurance ratemaking, Consumer impact assessment, Review guidelines for model version updates, Expert witness testimony
Experience and professional qualifications relevant to project type, past performance on similar scope projects and regulatory experience with catastrophe models, capacity to accomplish work in required time
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Summary
The Insurance Division of the Hawaii Department of Commerce and Consumer Affairs seeks professional actuarial consulting services to review updated hurricane and earthquake catastrophe models used in evaluating property insurance rate filings.
The project involves reviewing natural hazard catastrophe models, assessing loss cost models, evaluating input datasets, providing formal accuracy reports, assessing risk exposure and building code variations, and delivering expert witness testimony if required. Candidates must provide a credentialed Actuary with experience in natural hazard catastrophe models and solicit input from structural engineering and meteorology consultants with expertise in Hawaii conditions. The submission deadline is December 1, 2026, at 4:30 p.m.
EVALUATION CRITERIA
Experience and professional qualifications relevant to project type, past performance on similar scope projects and regulatory experience with catastrophe models, capacity to accomplish work in required time
REQUIRED DELIVERABLES
Formal report on accuracy and reliability of hurricane and earthquake models, Assessment of risk exposure and building code impacts, Recommendations of acceptable models for property insurance ratemaking, Consumer impact assessment, Review guidelines for model version updates, Expert witness testimony
REQUIRED ATTACHMENTS
5- Letter of interest
- Resume
- Professional fee schedules
- Qualifications of structural engineer and meteorologist consultants
- Certificate of Good Standing from Hawaii Compliance Express
- Submit to
- [email protected] and 335 Merchant Street, Room 213, Honolulu, HI 96813
- Scope location
- Statewide, HI
- Reported agency
- Hawaii Department of Commerce and Consumer Affairs
Questions about this RFP
How do I respond to this RFP from Hawaii Department of Commerce and Consumer Affairs | State of Hawaii?
Review the full solicitation document for submission requirements, evaluation criteria, and deadlines. The submission deadline is December 1, 2026. The solicitation specifies required deliverables that must be addressed in your response. Be sure to include all required attachments as outlined in the solicitation. Submissions should be delivered to: [email protected] and 335 Merchant Street, Room 213, Honolulu, HI 96813. For questions, contact Mio Shimamura.
Can small businesses or minority-owned firms bid on this RFP?
Most government agencies, including Hawaii Department of Commerce and Consumer Affairs | State of Hawaii in HI, encourage participation from small businesses, minority-owned, women-owned, and disadvantaged business enterprises (MBE/WBE/DBE). Check the full solicitation for any small business participation goals.
What happens after the RFP submission deadline?
After the deadline, the issuing agency reviews all submissions against the stated evaluation criteria. This typically includes a compliance check, technical evaluation, cost analysis, and may involve oral presentations with shortlisted vendors.
Can I ask questions about this solicitation before submitting?
Yes, most solicitations allow vendors to submit questions during a designated period. The primary contact is Mio Shimamura at (808) 587-7581. Questions and answers are typically shared with all prospective bidders.
What are the key deliverables?
The solicitation specifies the following deliverables: Formal report on accuracy and reliability of hurricane and earthquake models, Assessment of risk exposure and building code impacts, Recommendations of acceptable models for property insurance ratemaking, Consumer impact assessment, Review guidelines for model version updates, Expert witness testimo. Proposals should clearly address how each deliverable will be met.
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What are the evaluation criteria for this solicitation?
This solicitation includes specific evaluation criteria that will be used to score proposals. The criteria include: "Experience and professional qualifications relevant to project type, past performance on similar scope projects and regulatory experience with catastrophe models, capacity to accomplish work in requir..." Vendors should carefully align their proposals with each criterion to maximize their score.
Where can I find more RFPs from Hawaii Department of Commerce and Consumer Affairs | State of Hawaii?
All active and historical solicitations from Hawaii Department of Commerce and Consumer Affairs | State of Hawaii are tracked and searchable. As a state agency, Hawaii Department of Commerce and Consumer Affairs | State of Hawaii regularly publishes solicitations. Visit the agency profile to see current open bids, past contracts, vendor relationships, and decision-maker contacts.
Is this solicitation still open for submissions?
Based on the posted deadline of December 1, 2026, this solicitation appears to still be accepting submissions. Deadlines may change through amendments or addenda, so always verify the current status directly with the issuing agency before preparing your response.
What documents are required to bid on this RFP?
Requirements vary by solicitation, but common documents include a technical proposal, cost/price proposal, proof of insurance, relevant certifications, past performance references, and any forms specified in the solicitation. This solicitation specifically requires the following attachments: letter of interest, resume, professional fee schedules, qualifications of structural engineer and meteorologist consultants, Certificate of Good Standing from Hawaii Compliance Express. Review the full document from Hawaii Department of Commerce and Consumer Affairs | State of Hawaii for the complete list.
What is the scope of this project?
This solicitation defines a specific project scope. The scope covers the following locations: Statewide, HI. Review the full solicitation for detailed scope requirements.