(1) Vendor needs to provide risk insurance consulting and brokerage services to the government authority located in Little Rock, AR. • Conduct market search of all University System insurance coverage and negotiate with underwriters on the University’s behalf to achieve best pricing and coverage. Included, but not exclusive, are property, auto, general liability and travel and accident.• Research and recommend appropriate insurance pricing arrangements based on market conditions. This includes premium, deductibles, coverage limits, etc.• Provide timely advice to the University on appropriate loss control measures needed to secure appropriate level of risk.• Timely inform and advise the University as needed on current trends and future concerns regarding all risk management and related insurance issues.• Review and process all insurance claims and coordinate all necessary activity between the insurance carrier, appropriate campus, and the University for claims payment and resolution.• Provide recordkeeping and reporting services on all additions, changes, and deletions to appropriate insurance schedules.• Provide timely and accurate billing and reconciliation of all services charged.• Conduct quarterly and annual meetings (and more frequently if required by the University or changing conditions) with the University addressing market changes, plans performance, anticipated renewals or bids, recommended plan design changes and related coverage and performance issues.• Participate in and assist in coordinating annual and semi–annual meetings with campus representatives to provide plan training and information(2) All the questions must be submitted no later than February 27, 2025.
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