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West Virginia University·Virginia

Insurance Brokerage and Consulting Services

Closes 12/8/2025$500k – $2MRequest for Proposal
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Description

West Virginia University is seeking proposals from qualified firms or individuals for insurance brokerage and consulting services. The selected firm will provide comprehensive insurance brokerage and consulting services, including market, negotiate, and renew existing policies, conduct regular reviews of WVU's insurance and risk management programs, and analyze historical premium and claims data to identify cost-saving opportunities and coverage improvements. The firm will also provide expert consultation on risk exposure, retention strategies, policy terms, and alternate risk financing techniques. • The firm shall demonstrate expertise in serving public sector, higher education, and medical school clients. • The firm shall describe its domestic and global capabilities. • The firm shall provide a detailed cost estimate that includes the proposed form of compensation, method of payment, and dollar amount to provide all services. • The firm shall provide a detailed description of the services it can provide to WVU, its ability to meet the requirements, and its experience in providing similar services. The proposal should be specific and complete in every detail, prepared in a simple and straightforward manner, and limited to 50 pages or less.

Attached files

Contact

Jill Budny(Procurement Official)

[email protected]

Key dates

Opened
11/14/2025
Questions due
11/25/2025
Closes
12/8/2025
Duration
3 years

Last updated

Details

Type
Request for Proposal
Industry
Insurance
NAICS
524200
Solicitation №
RFP202690000671

Budget estimate

$500,000 – $2,000,000

The budget for this opportunity is likely to be in the range of $500,000 to $2,000,000 per year, considering the scope of services required, including insurance brokerage and consulting services for a large public university. The actual budget will depend on the proposal submitted by the selected firm, including its cost estimate and compensation structure. Factors that may influence the likely payment range include the firm's expertise, experience, and reputation in providing similar services to higher education institutions, as well as the level of competition for the contract.

AI estimate from the solicitation

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