Posted Date : February 17,2022
Product (RFP/RFQ/RFI/Solicitation/Tender/Bid Etc.) ID : ESTATE-5398
Government Authority located in Lincoln, Nebraska; USA based organization looking for expert vendor for risk management and insurance broker services.
[A] Budget: Looking for Proposals
[B] Scope of Service:
(1) Vendor needs to provide risk management and insurance broker services to the government authority located in Lincoln, NE.
- Evaluate the overall competitiveness of existing insurance programs regarding coverage type, limits, deductibles and exclusions provided to each entity;
- Lead annual strategy meetings to communicate key strategies, timeframes, industry trends, potential coverage issues, policy updates on all renewal policies;
- Market and obtain competitive proposals when requested by the client;
- Review policies for accuracy, appropriateness, and adherence to the agreed-upon terms;
- Maintain a depository of client policies, coverage applications, and other relevant documents accessible via an online portal;
- Serve as a mentor for staff to assist with policy understanding as requested;
- Provide timely responses to all requests and questions;
- Lead the coordination, communication, and advocacy between the client and carriers during the claim process;
- Conduct a renewal process with existing insurance carriers; marketing coverage if deemed appropriate;
- Conduct monthly, or more frequent meetings to discuss Client insurance open items, progress updates, etc.;
- Issue certificates of insurance on the client’s behalf;
- Provide frequent market updates for the various lines of coverage and communicate updates to any coverage requirements necessary for coverage prior to renewal;
- File all surplus lines taxes;
- Provide evaluation of the financial strength of carriers utilized by the Client;
- Provide annual premium estimates for annual budget preparation;
- Coordinate meetings between the client and underwriters to help educate carriers on the client’s business operations and risk profile.
- Identify, analyze (via data analytic tools) and evaluate client property and casualty loss exposures, and recommend any policy changes, if applicable;
- Assist in the coordination of carrier inspections of client assets;
- Review loss prevention programs and services provided by carriers and work with the client to utilize these programs where appropriate;
- Review all insurance company inspection reports and provide engineering support when appropriate;
- Provide updates on relevant emerging industry trends and access to industry-related articles, webinars, conferences, etc.;
- Provide a broad range of internal or external educational opportunities to the client; and
- Provide guidance and review of insurance and risk management-related sections in vendor contracts, when requested.
(2) All questions must be submitted no later than February 28, 2022.
(3) Contract term will be three years.
[C] Eligibility:
- Onshore (USA Organization Only);
[D] Work Performance:
Performance of the work will be Offsite. Vendor needs to carry work in their office location.
Budget :
Deadline to Submit Proposals: March 18,2022
Cost to Download This RFP/RFQ/RFI/Solicitation/Tender/Bid Document : 5 US$
Product (RFP/RFQ/RFI/Solicitation/Tender/Bid Etc.) ID : ESTATE-5398
Government Authority located in Lincoln, Nebraska; USA based organization looking for expert vendor for risk management and insurance broker services.
[A] Budget: Looking for Proposals
[B] Scope of Service:
(1) Vendor needs to provide risk management and insurance broker services to the government authority located in Lincoln, NE.
- Evaluate the overall competitiveness of existing insurance programs regarding coverage type, limits, deductibles and exclusions provided to each entity;
- Lead annual strategy meetings to communicate key strategies, timeframes, industry trends, potential coverage issues, policy updates on all renewal policies;
- Market and obtain competitive proposals when requested by the client;
- Review policies for accuracy, appropriateness, and adherence to the agreed-upon terms;
- Maintain a depository of client policies, coverage applications, and other relevant documents accessible via an online portal;
- Serve as a mentor for staff to assist with policy understanding as requested;
- Provide timely responses to all requests and questions;
- Lead the coordination, communication, and advocacy between the client and carriers during the claim process;
- Conduct a renewal process with existing insurance carriers; marketing coverage if deemed appropriate;
- Conduct monthly, or more frequent meetings to discuss Client insurance open items, progress updates, etc.;
- Issue certificates of insurance on the client’s behalf;
- Provide frequent market updates for the various lines of coverage and communicate updates to any coverage requirements necessary for coverage prior to renewal;
- File all surplus lines taxes;
- Provide evaluation of the financial strength of carriers utilized by the Client;
- Provide annual premium estimates for annual budget preparation;
- Coordinate meetings between the client and underwriters to help educate carriers on the client’s business operations and risk profile.
- Identify, analyze (via data analytic tools) and evaluate client property and casualty loss exposures, and recommend any policy changes, if applicable;
- Assist in the coordination of carrier inspections of client assets;
- Review loss prevention programs and services provided by carriers and work with the client to utilize these programs where appropriate;
- Review all insurance company inspection reports and provide engineering support when appropriate;
- Provide updates on relevant emerging industry trends and access to industry-related articles, webinars, conferences, etc.;
- Provide a broad range of internal or external educational opportunities to the client; and
- Provide guidance and review of insurance and risk management-related sections in vendor contracts, when requested.
(2) All questions must be submitted no later than February 28, 2022.
(3) Contract term will be three years.
[C] Eligibility:
- Onshore (USA Organization Only);
[D] Work Performance:
Performance of the work will be Offsite. Vendor needs to carry work in their office location.
Budget :
Deadline to Submit Proposals: March 18,2022
Cost to Download This RFP/RFQ/RFI/Solicitation/Tender/Bid Document : 5 US$