Updated Market Analysis and Feasibility Study Service
Location:
Richardson, Texas, United States
Posted on:
Deadline:
Summary:
The agency is seeking a broker of record to provide risk management and employee benefits consulting, including market analysis, policy procurement, coverage management, and strategic risk guidance over a five-year contract.
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A government authority seeks a vendor to deliver comprehensive risk management and employee benefits consulting services. The selected firm will serve as the broker of record, providing strategic consulting across market analysis, policy procurement, ongoing coverage management, claims advocacy, and risk management for the duration of the five-year contract.
The agency's insurance portfolio includes liability insurance, property insurance, excess worker’s compensation insurance, and underground storage tank insurance. Additional services will encompass annual reviews of the risk management program, written assessments of coverage adequacy, identification of gaps and emerging risks, and support in the development and maintenance of a risk management plan aligned with industry best practices. Ongoing responsibilities include assisting with safety and loss control resources, monitoring Texas legislative and regulatory developments affecting the agency, and providing timely responses to insurance-related inquiries and day-to-day needs such as certificates of insurance.
Best-fit vendors:
• Firms with expertise in public sector risk management and employee benefits consulting
• Experience serving as broker of record for government agencies
• Demonstrated knowledge of Texas insurance and regulatory environment
• Proven track record providing strategic insurance analysis and risk mitigation
• Ability to support large, multi-line insurance portfolios
