• Provide review and evaluation of alternative risk financing such as captives, pooling programs, etc. • Develop a complete understanding of the City’s areas of exposure and consult with the City about short and long term solutions. • Annually evaluate existing insurance contracts and claims history and make recommendations concerning any changes, modifications and/or additions in the terms, conditions, coverage limits or risk financing structure needed to yield a comprehensive risk management program to cost effectively protect the interests of the City. • Annual evaluation shall include market analysis and forecasting by insurance line prior to each renewal. This analysis would include pricing and service trends, availability of markets and a forecast of long-term market direction. • Plan and conduct pre-renewal and renewal meetings which are required and will be in-person in the City of Spokane’s main offices located at 808 W Spokane Falls Blvd, Spokane, WA. • Identify programs, products, and insurers capable of meeting the City’s insurance and risk transfer needs and prepare bid specifications for markets capable of quoting on City risks. • When authorized by the City, approach appropriate markets on behalf of the City to obtain pricing and coverage descriptions. If and when available, a minimum of at least three competitive quotes from reputable insurance carriers or risk facilities will be obtained for each type of risk or risk financing structure.
