Insurance Brokerage Services

The University of the Virgin Islands, a government authority located in St. Thomas, Virgin Islands, is seeking comprehensive insurance brokerage and risk management advisory services. The agency needs a qualified broker to act as its insurance advisor and representative in the insurance marketplace. This partner will assist the agency with establishing insured amounts, policy placement, risk evaluation, claims advisory, and strategic insurance program development. The scope of work covers five core areas to solve the agency's risk management needs. The selected broker must perform an insurance program review, handle insurance market placement, and provide ongoing risk management advisory services. Additionally, the agency requires ongoing claims support and management of the annual insurance renewal process. The agency is limiting eligibility to onshore organizations based in the United States. The selected broker will perform all required work offsite. The agency is establishing a contract period of three years for these services. Bidders must submit their proposals digitally, either via email or through the designated online portal. The agency has not disclosed a specific budget and is currently looking for proposals to determine pricing. The source document does not specify the evaluation criteria or key submission dates.