Description
The State of Tennessee, Central Procurement Office, is seeking a contractor to provide insurance supervisory review, consulting, and education services to the Department of Commerce and Insurance. The contractor will be required to review and analyze various filings, provide training and development to primary analysts, and ensure compliance with National Association of Insurance Commissioners (NAIC) accreditation requirements. The contractor must have experience in insurance regulation, financial analysis, and risk management. The contract is expected to have a maximum liability of $2,000,000 to $3,000,000. Key responsibilities include:
* Reviewing and analyzing various filings, such as annual financial statements, quarterly financial statements, and Form B and Form F filings
* Providing training and development to primary analysts to ensure they meet NAIC accreditation requirements
* Ensuring compliance with NAIC accreditation requirements and providing recommendations for improvement
* Performing risk-focused financial analyses and identifying potential risks to the insurance industry
* Providing education and training to Division analysts on insurance industry trends, changes in statutory accounting, and conducting risk-focused analyses