The Authority seeks the services of a risk management consultant to provide professional services which include, but are not limited to: Assist in the review and development of insurance specifications, quotations and policies to ensure that coverage is placed appropriately and in concert with specifications. Assist in the oversight and maintenance of the Authority’s Statement of Values which will be used for loss modeling, brokerage and valuation. Participate with claims management; Assist in oversight of the property loss control engineering, accompany engineers during the inspection process and respond to recommendations made by property and other insurers. Assure that the Authority’s broker access the right markets, including London and Bermuda insurers to obtain competitive bids. Assist the Authority in the identification of Enterprise Risk hazards; Assist in the development of the Authority insurance budget; Review various Authority contracts to ensure that insurance requirements for adequate coverage and review certificate of insurance to ensure compliance with contracts. Provide guidance on self-insurance and selection of deductible for various insurance
