RFP 2017-0112-286 - Insurance Brokerage Services

The Ontario Educational Communications Authority (“TVO”) requires Insurance Brokerage services. We are seeking a brokerage firm to:
 

• Based on an understanding of TVO’s activities, provide advice regarding TVO insurance requirements:

• review existing policies to determine appropriateness of coverage in comparison to existing activities
• review claims history/information
• identify insurance products available in market, and recommend levels of coverage based on TVO requirements, organizational risk tolerance, and estimated probability of risk
• identify gaps, if any, between business requirements and existing policies
• suggest opportunities to reduce risk, either through insurance policy coverage and/or operational procedures/practices/investments
• suggest deductible tolerances appropriate for areas of coverage and risk tolerance

• Based on a review of TVO activities and insurance requirements provide insurance brokerage services that include:

• canvas insurance market to identify most appropriate underwriter(s) to fulfill requirements taking into account:
  • history with various insurance providers
  • low cost (subject to risk tolerance levels and identified coverage requirements, see above) insurance underwriter(s)
• facilitate insurance application process
• provide on-going customer support of claims management
• monitor claims experience; identify changes in experience rates, deductibles, coverage, etc. that impact appropriateness and cost of coverage(s); recommend alternative solutions, when appropriate.