Procurement Summary
Country : USA
Summary : Fitch Global Insurance Dataset - Intent to Sole Source
Deadline : 18 Apr 2024
Other Information
Notice Type : Tender
TOT Ref.No.: 99956947
Document Ref. No. : SS-OFR-24-079
Financier : Self Financed
Purchaser Ownership : Public
Tender Value : Refer Document
Purchaser's Detail
Name :Login to see tender_details
Address : Login to see tender_details
Email : Login to see tender_details
Login to see detailsTender Details
Description
INTENT TO SOLE SOURCE
Fitch Global Insurance Dataset - SS-OFR-24-079
The Bureau of the Fiscal Service (Fiscal Service) Division of Procurement Services, on behalf of the Office of Financial Research (OFR), intends to make award to Fitch Solutions, Inc. 33 Whitehall Street Floor 19 New York, New York 10004-2148, on a sole source basis, under authority of FAR 6.302-1, for the Fitch Global Insurance dataset.
OFR and FSOC Insurance analysts require the ability to analyze insurance risk across various sectors including life insurance, property casualty, reinsurance, health, mortgage insurers, and catastrophe bonds. They require Fitch Global insurance ratings and research to inform their analysis of these areas and evaluate issues that may impact the insurance market and threaten financial stability. Fitch Global Insurance database provides proprietary Fitch ratings analyses and access to their insurer financial strength, fixed income ratings including senior debt, subordinated debt, surplus notes, bank loans, and commercial paper.
In addition to the quantitative models described below, Fitch overlays their expert qualitative analyses to determine the ratings of insurance companies for U.S. and foreign entities. FSOC and OFR focus on the largest insurance and other nonbank financial institutions as they are most likely to pose threats to financial stability. These large financial institutions have large, global, diverse business models. The ability to aggregate information across jurisdictions and varying operating models and formulate an opinion of the creditworthiness of the consolidated entity is invaluable to OFR and FSOC. Quantitatively, Fitch uses a proprietary hybrid probability of default and rating model that includes their Equity Implied Rating (EIR) and Probability of Default (PD) Model for both financial and non-financial firms. The Equity PD model utilizes a structural framework, otherwise known as a barrier option model to qua...
Active Contract Opportunity Notice ID SS-OFR-24-079 Related Notice Department/Ind. Agency TREASURY, DEPARTMENT OF THE Sub-tier BUREAU OF THE FISCAL SERVICE Office ARC DIV PROC SVCS - DO
General Information
Contract Opportunity Type: Special Notice (Original)
All Dates/Times are: (UTC-05:00) CENTRAL STANDARD TIME, CHICAGO, USA
Original Published Date: Apr 11, 2024 01:59 pm CDT
Original Response Date: Apr 18, 2024 10:00 am CDT
Inactive Policy: 15 days after response date
Original Inactive Date: May 03, 2024
Initiative:
Classification
Original Set Aside:
Product Service Code: 7630 - NEWSPAPERS AND PERIODICALS
NAICS Code: 519290 - Web Search Portals and All Other Information Services
Place of Performance: Washington, DC USA
Documents
Tender Notice
SS-OFR-24-079-Fitch-Global-insurance-Dataset.docx