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Washington Schools Risk Management Pool·Washington

Reinsurance and Insurance Services

Closes 6/24/2025$1M – $5MRequest for ProposalLogin required
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Description

The Washington Schools Risk Management Pool is seeking proposals from qualified firms to provide reinsurance and insurance services, including property, casualty, cyber, and other related services. The selected firm will be engaged for a period of three years with an option for two additional single-year terms, commencing September 1, 2025. The firm will be responsible for designing a cost-effective risk-financing program, reviewing retention levels and insurance limits, and providing reinsurance renewal premiums and market analysis. • The firm must have at least 10 years of experience as a licensed broker/agency with qualified principals or account executives. • The firm must have a proven track record in administering or servicing public entity risk pools. • The firm must provide a schedule indicating the broker's fee for the scope of work for each year of the contract. • The firm must disclose all income derived as a direct result of the WSRMP account.

Attached files

The solicitation documents live at the source — open the bid source above to download them.

Contact

Dana Grandey(Deputy Executive Director)

[email protected]

(206) 394-9733

Key dates

Opened
5/30/2025
Questions due
6/16/2025
Closes
6/24/2025
Projected award
8/15/2025
Duration
3 years

Last updated

Details

Type
Request for Proposal
Industry
Insurance
NAICS
524126
Solicitation №
25-002

Budget estimate

$1,000,000 – $5,000,000

Given that the annual premium volume for public entity pools should be in excess of $10,000,000 and the contract term is for three years, a reasonable estimate for the total budget could be in the range of $1,000,000 to $5,000,000. This is based on the assumption that the broker's fee will be a percentage of the total premium volume, and the selected firm will be responsible for providing reinsurance and insurance services for the entire term. However, this is a rough estimate and the actual budget could be higher or lower, depending on the specifics of the contract and the services provided.

AI estimate from the solicitation

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