DRA-11207 - USA (Hartford, Connecticut) - Feasibility Study and Propose a Plan Services - Deadline August 21,2026

(1) Vendor needs to provide feasibility study and propose a plan services to the government authority located in Hartford, CT.– Market and feasibility assessment:– Evaluate the feasibility of allowing nonprofit organizations operating in state to pool liability risks; analyze options to establish a captive insurer, risk management agency or other insurance program addressing the liability insurance needs of Connecticut nonprofit organizations  – Data Collection Framework– Design a process to collect relevant exposure, loss, and operations data from state nonprofits that may participate in a proposed solution– Actuarial & Underwriting Analysis– Perform an actuarial analysis of risks to be underwritten by a potential captive, risk management agency or other program including rate, limit and deductible structures; and evaluate reinsurance and stop loss needs.– Proposed Plan Design and Operating Model– Financial Analysis(2) All questions must be submitted no later than August 14, 2026.(3) The contract period will be for one year.