System Selection/RFP Process

Picture 11 Picture 12 Picture 16 Picture 30 Picture 32 Picture 33 Picture 35 Picture 39 Picture 41 Picture 48 Picture 50 Picture 4 Picture 21 Picture 34 Picture 43

BSI is ideally positioned to coordinate a systems evaluation project, bringing the following capabilities that ensure a fast-start without compromising the quality or integrity of the process:

  • Consultants with extensive experience in the international P&C sector (US, UK and Bermuda)
  • Independence (BSI is not aligned with specific vendors)
  • Proven methodology
    • Interrogate and understand business requirements/drivers
    • Interrogate and understand existing systems landscape (gap analysis)
    • Document existing requirements (e.g., RFI, RFP, etc)
    • Define the members and structure of the evaluation team
    • Identify potential supplier(s) (e.g., long list)
    • Identify finalist(s) (e.g., short list)
    • Support the detailed investigation process providing advice and guidance to the evaluation team
  • Skills to interact with the potential vendor(s) throughout the process. When appropriate front the entire process.
  • Market awareness and knowledge to execute/support commercial and legal negotiation


Insurance Day News Feed

  1. Focus: MGAs must not only adapt to change, but drive it forward

    Fri, 15 Jan 2021 13:28:20 GMT
    The price and coverage of products provided by MGAs must be fit for purpose in a post-pandemic economy
  2. Insurers set for big payouts after Supreme Court defeat

    Fri, 15 Jan 2021 13:26:46 GMT
    Insurers on hook for 'hundreds of millions of pounds' in extra business interruption losses