Market and Feasibility Study Research

The contract aims to conduct a market and feasibility study focused on national nonprofit insurance pooling models, specifically examining existing structures, identifying market gaps, and assessing stakeholder demand within Connecticut. The research will analyze how nonprofit insurance pools operate elsewhere in the United States, evaluate their potential applicability to Connecticut’s unique economic and regulatory environment, and determine the level of interest and need among local stakeholders including nonprofits, community organizations, and potential partners. This effort is intended to inform strategic decisions around developing or expanding insurance solutions tailored to the nonprofit sector in the state. The work is classified as a subcontract under NAICS code 541618, indicating it involves other scientific and technical consulting services. It was posted on July 6, 2026, with a response deadline of July 27, 2026, and is managed by DAS Procurement under the Connecticut state agency. While no specific location for performance is defined, the scope is clearly centered on Connecticut’s nonprofit insurance landscape. The solicitation does not specify a set-aside type or point of contact, and interested parties must submit proposals through the official CTSource BidBoard portal. The study outcome is expected to provide actionable insights to support policy development, funding allocation, or program design aimed at strengthening financial resilience for Connecticut’s nonprofit organizations.