Insurance Broker Services (RFP #903007)

Michigan State University is seeking proposals from qualified firms to provide insurance broker services. The selected firm will be responsible for marketing, placement, and servicing the university's insurance policies. The contract term will be three years with an optional two-year extension. The firm must have at least five years of experience providing insurance brokerage services to higher education institutions or similarly sized institutions. The scope of work includes performing and reporting on a market analysis of current coverage, performing analysis and review of insurance policies, and providing contract review and complex claim review. • The firm must be properly licensed in the State of Michigan for required services. • The firm must have demonstrated experience with the type of insurance coverage required. • The firm must be able to utilize international insurance providers. • The firm must provide a proposed broker transition planning with timeline. • The firm must accommodate adjustments in the scope of services as the university's insurance strategy or risk management approach evolves.