TWIA Committee Votes to Move Forward with Recommendation on Vendor for Catastrophe Modeling ServicesPublished on: January 19, 2022
The Actuarial & Underwriting Committee for the Texas Windstorm Insurance Association met on January 19 to review presentations from selected respondents to the Association’s Request for Proposals (RFP) for catastrophe modeling services. The Committee voted to recommend to TWIA’s Board of Directors that the Association contract with Aon for catastrophe modeling services.
TWIA issued an RFP on December 16, 2021, for a consultant or firm to perform catastrophe modeling analysis related to the Board’s statutorily required determination of the Association’s 1-in-100-year probable maximum loss for the 2022 hurricane season and reinsurance purchase decision.
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The meeting materials and archived recording of the Committee meeting are available on our Archived Meetings page.