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Treasury RFP: Terrorism Risk Insurance Program (TRIP) Data Collection, Validation, and Analysis

Notice ID: 2032H323R00005

Description

Data Collection

  1. Contractor shall provide and manage a secure web-based system for the reporting of data by insurers participating in TRIP relating to terrorism risk insurance provided by those insurers as required by Section 111 of the Terrorism Risk Insurance Program Reauthorization Act of 2015.
  2. The TRIP Section 111 Data Call shall be performed annually, such that the system shall be ready to receive data by March 15 of the Base Period and in each Option Period, with data collection to close by May 15 of the Base Period and each Option Period, and statistical reports aggregating the collected data (on both an aggregate basis as well as an individual anonymized report basis) by June 1 of the Base Period and each Option Period, and any supplemental reports due no later than 15 days from receipt of request. Each year, the data collection will seek information from four categories of insurers, each of which has been required to respond to between 6 and 8 individual worksheets seeking information.
  3. The Contractor shall aggregate all data received from insurer companies to maintain insurer confidentiality in accordance with the requirements of TRIA. The information to be collected from individual insurers in the TRIP Section 111 Data Call is the confidential business information of those insurers, although some of the data elements to be collected are reported publicly by insurers in other settings.
  4. The system shall be set up as an internet portal designed to facilitate the collection of data. The general scope of the data to be collected will be identified to Contractor by Treasury in OMB Control Number 1505- 0257 and/or in separate correspondence.

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