This Solicitation opportunity from Connecticut was posted on July 31, 2026. The submission period has ended. Browse the details below for market research, or find similar active opportunities.
Request for Proposals for Consultant to Conduct a Feasibility Study and Propose
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The Connecticut Department of Administrative Services and the Insurance Department are seeking a consultant to conduct a comprehensive market and feasibility study regarding liability risk pooling for nonprofits in Connecticut. This initiative, mandated under Public Act 26-47, requires the selected consultant to evaluate structural options such as captive insurance or risk management agencies, analyze market drivers and reinsurance trends, and design a data collection framework. Key deliverables include a final feasibility study report, a proposed plan for governance and program design, and a detailed financial analysis covering capital requirements and premium projections. The project is funded by a legislative appropriation of 200,000 dollars, with an anticipated start date of October 6, 2026, and a final report due by February 1, 2027. Proposals are evaluated on a trade-off basis using a weighted scoring system that prioritizes consulting service expectations (35%), staffing (25%), data and technology capabilities (20%), organizational experience (10%), and budget (10%). Applicants must demonstrate expertise in actuarial analysis, public sector insurance, and Connecticut insurance regulations under Title 38a. Mandatory submission requirements include a conflict of interest disclosure, a statement of assurances, and certifications regarding nondiscrimination and Iran energy investments. All proposals must be submitted electronically via the CTSource portal or email to George Bradner by August 21, 2026, and must not exceed a total file size of 25MB.
General Info
Place of Performance
CT, USASet-Aside
Timeline
Submission Closed
Organization & Contact Information
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