Insurance Broker Services

The Vendor is required to provide comprehensive insurance broker services to support the insurance and risk management program for municipal and public-sector clients, including not-for-profit organizations.
- The broker will play a strategic role in delivering and enhancing insurance solutions, risk management, and advisory services for the organization within a sub broker relationship.
- Insurance Placement and Program Management
•    Placement and management of insurance coverage for a reciprocal program, including liability, property, automobile, and other lines as required and placement of standalone policies.
•    Coordination of annual renewals, premium allocation, and insurer/reinsurer engagement.
•    Support for supplementary coverages acquired from the commercial insurance market.
- Strategic Consulting and Program Architecture
•    Provision of strategic advice on program structure, reinsurance layers, and cost-efficiency strategies.
•    Benchmarking and analysis of municipal insurance programs and emerging risks.
•    Recommendations for program enhancements and innovative solutions.
- Market Access and Intelligence
•    Direct access to major state insurers and reinsurers (Domestic Markets), as well as specialty markets relevant to municipal and public-sector risks (London Market and Global Market).
•    Transparency regarding market access, including direct and subcontractor arrangements.
•    Provision of market intelligence, including quarterly trend reports and capacity analyses.
- Actuarial and Analytical Support
•    Delivery of actuarial reviews, reserve adequacy assessments, and loss modeling.
•    Provision of data-driven insights for forecasting, pricing, and program sustainability.
•    Support for analytical reporting and decision-making.
- Claims Advocacy and Management
•    Establishment of claims escalation protocols and participation in regular review meetings.
•    Advocacy for fair and timely claims resolution on behalf of the organization and its members.
•    Reporting on claims performance metrics and identification of improvement opportunities.
- Risk Management and Loss Control Support
•    Conducting annual risk assessments and providing tailored recommendations for prevention.
•    Delivery of training sessions and educational resources for staff on market trends or product enhancements.
•    Development of strategies to reduce frequency and severity of losses.
- Program Marketing and Renewal Strategy
•    Creation/ownership of shared plan and support material for market engagement during renewals.
•    Support in delivering key outcomes from the market for yearly renewals.
•    Hosting of educational webinars and workshops to explain program changes and enhancements.
- Compliance and Data Security
•    Ensuring compliance with all applicable legislation, including relevant insurance regulations.
•    Maintenance of robust cybersecurity standards and data protection protocols.
•    Provision of annual compliance audit reports and certifications.
- Support for New Business
•    Assistance in growth strategies to expand membership including support in responding to proposal.
•    Consultative support for new coverage needs and emerging risks.

- Questions/Inquires Deadline: January 12, 2026