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  5. ›Insurance Broker Services

Office of Administration, Division of General Services·Missouri

Insurance Broker Services

Closes 10/20/2026$100k – $250kRequest for Proposal
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Description

The State of Missouri’s Office of Administration, Division of General Services is seeking a qualified insurance broker to manage all of its insurance procurement and risk‑management needs for a one‑year period. The contractor will act as the sole broker for a variety of state‑owned policies, conduct market analyses, obtain competitive bids, negotiate terms, issue certificates of insurance, assist with claims processing, provide annual reporting, and deliver training to state employees. The scope includes aircraft, auto, property, inland marine, crime, public officials, and state fair coverage, as well as any additional coverages the agency may require. The vendor must have at least three (preferably five) years of experience with public‑entity insurance brokerage, maintain a qualified leadership and account team, and comply with extensive AI, data‑security, and anti‑boycott certifications. Proposals are to be submitted electronically via MissouriBUYS by 2:00 PM CT on 20 Oct 2026. • Provide unbiased market analysis and recommend optimal insurance carriers • Submit insurance market requests and manage the bid‑award process • Prepare and deliver certificates of insurance, policy documents, and endorsements • Assist with claims preparation, loss history updates, and settlement negotiations • Deliver annual performance reports and optional training (including driver safety) • Meet staffing experience thresholds (leadership 5‑7 yr, account team 3‑5 yr) • Comply with AI disclosure, NIST AI RMF, and anti‑boycott certifications

Attached files

Contact

Nicolle Backes(Buyer)

[email protected]

(573) 751-5341

Key dates

Opened
9/25/2026
Closes
10/20/2026
Duration
1 year

Last updated

Details

Type
Request for Proposal
Industry
Financial Services
NAICS
524210
Solicitation №
STATE 0000000596SL

Budget estimate

$100,000 – $250,000

The RFP lists existing premium totals of roughly $2.1 million across all policy lines. Typical broker commissions range from 5 % to 12 % of premium volume, plus possible fees for consulting and reporting services. Assuming a 5‑10 % commission plus modest consulting fees, the contract’s annual revenue to the broker is likely between $100 k and $250 k. Larger agencies or more extensive consulting could push the high end higher, while a minimal‑service approach could keep it near the low end.

AI estimate from the solicitation

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