The firm shall demonstrate expertise in serving public sector, higher education, and medical school clients, and describe its domestic and global capabilities. Required services include, but are not limited to, the following: • Market, negotiate, and renew existing policies (see Attachment C) and procure new insurance policies, as needed. • Conduct regular reviews of WVU’s insurance and risk management programs. • Analyze historical premium and claims data to identify cost-saving opportunities and coverage improvements. • Provide expert consultation on risk exposure, retention strategies, policy terms, and alternate risk financing techniques. • Advise on emerging risks and recommend solutions tailored to public sector and higher education environments. • Explore and advise on Enterprise Risk Management (ERM) or alternative frameworks. • Provide projected premium levels for annual budgeting. • Monitor and advise on changes in laws, regulations, and industry needs. • Provide benchmark data and insights relevant to peer institutions. • Support regulatory compliance efforts (e.g. FERPA, Title IX, Clery Act, HIPAA). • Prepare written renewal reports at least ninety (90) days prior to renewal, including options, costs, and carrier compensation. • Obtain competitive quotations and bind coverage as directed by WVU. Note: This RFP does not constitute approval to procure insurance on behalf of the University or its subsidiaries, programs, or affiliates
