Actuarial Consulting Services for Hawaii Property Insurance Hurricane and Earthquake Model Reviews

The Insurance Division of the Hawaii Department of Commerce and Consumer Affairs seeks a property and casualty actuarial consulting firm to review hurricane and earthquake catastrophe loss models proposed for state property rate filings. The selected firm will assist in streamlining market baskets, evaluate model reliability and building code impacts, recommend acceptable models, assess consumer rate impacts, provide review guidelines, and offer expert witness testimony if needed. Additionally, the contractor must solicit and oversee structural engineering and meteorology consultants to support the review. Only USA-based organizations registered to do business in Hawaii and capable of obtaining a Certificate of Good Standing from Hawaii Compliance Express may apply. Applicants must feature a credentialed actuary with direct natural hazard catastrophe modeling experience and demonstrate relevant regulatory performance. Candidates must submit a letter of interest naming their proposed consultants, along with resumes and professional fee schedules, via email and hardcopy to the Insurance Division by 4:30 p.m. on December 1, 2026. The contract term runs offsite from March 2027 through February 2028.