System Selection/RFP Process

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.