System Selection/RFP Process

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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