Information Technology System Services for Captive Insurance Company Examinations

The government authority in Hawaii is seeking a vendor to provide information technology system services in support of insurance-related examinations. The required services include demonstrated experience delivering IT and system reviews for insurance companies, including risk retention captive insurance companies.

The selected vendor should be capable of evaluating controls, preparing organizational and process flow charts, and reviewing policies and procedures. The work also requires proven experience conducting IT reviews as part of examinations performed in accordance with the Financial Condition Examiners Handbook and applicable Hawaii statutes and administrative rules.

For examinations involving captive insurance companies in run-off, rehabilitation, or liquidation, the vendor must also demonstrate relevant experience in those areas, including work with risk retention captive insurance companies. The vendor is expected to maintain professional liability insurance and remain in good standing in the state.