Financial analysis of captive insurance

The contract seeks to establish a comprehensive financial analysis service for captive insurance companies licensed by the State of Oklahoma and those applying for licenses, with the potential for statewide use. The Oklahoma Office of Management and Enterprise Services (OMES), Central Purchasing Division, is soliciting responses from qualified suppliers to fulfill this requirement, which involves evaluating the financial health and stability of these insurance entities. The solicitation, identified as EV00000740, was posted on June 27, 2025, with a deadline for responses set for July 30, 2025. The contract size is estimated to range between 500,000 and 2,000,000 dollars, reflecting the scope and importance of the project. The procurement process emphasizes strict adherence to bid submission protocols, including detailed instructions for completing required forms such as the OMES Responding Bidder Information and Non-Collusion Certification forms. These forms ensure compliance with state regulations, certify the bidder’s eligibility, and affirm that no collusive or unethical practices are involved. The contract may be awarded as a statewide contract, allowing broader utilization across Oklahoma state agencies. The primary point of contact for inquiries is Richard Diaz, and all responses and communications are to be submitted via the Oklahoma Supplier Portal. The overall goal is to select a qualified vendor capable of providing thorough and accurate financial analyses to support the Oklahoma Insurance Department’s regulatory functions.