The State Board of Administration is soliciting competitive responses from individuals interested in offering actuarial consulting services to the Florida Commission on Hurricane Loss Projection Methodology (Commission). The Request for Qualifications will be available on September 24, 2019, and may be obtained from the Commission website at www.sbafla.com/methodology. The deadline for submitting responses is 2:00 p.m. ET on October 29, 2019.
University level degree in relevant science or area
Professional Actuarial designation
Minimum of 5 years experience in property and casualty insurance
Knowledge and understanding of property and casualty insurance rate filings, personal and commercial residential policy coverages, claims paying practices, and probable maximum loss levels
Hurricane and flood loss data assessment and analysis after an event preferred
Familiarity with catastrophe computer simulation models
About Florida Commission on Hurricane Loss Projection Methodology
The Florida Commission on Hurricane Loss Projection Methodology (Commission) was created by the Florida Legislature as a panel of experts to evaluate computer simulation models and other recently developed or improved actuarial methodologies for projecting hurricane losses, flood losses, and probable maximum loss levels so as to resolve conflicts among actuarial professionals and to provide both immediate and continuing improvement in the sophistication of actuarial methods used to set rates.