Insurance Brokerage Services

The City of Pittsburgh Office of Management and Budget is issuing Request for Proposal #2024-RFP-010 to procure comprehensive insurance brokerage services from qualified insurance agents, brokers, and direct writers. The procurement encompasses multiple insurance product lines including Commercial Property, Cyber Security, Crime, EMS Errors and Omissions, General Liability, Boat insurance, Excess Worker's Compensation, and Flood Insurance, with the City's current annual insurance spend at approximately $1.7 million. The selected broker will be responsible for conducting an initial comprehensive risk analysis, obtaining proposals for various coverages, assisting the City in executing policies, and providing quarterly and annual reviews with recommendations for policy modifications and potential coverage expansions. Key deliverables include claims processing assistance, right-sizing of current coverages, and evaluation of opportunities to add new insurance products based on identified risks. The RFP was released on January 17, 2025, with a deadline for submitting questions on January 31, 2025, and a proposal response deadline of February 14, 2025, at 5:00 pm. Evaluation criteria consist of firm qualifications (20 percent), project team qualifications (30 percent), and project approach and plan (50 percent).

The procurement documentation does not identify any specific set-aside designations or restrictions on respondent types based on disadvantaged enterprise status. No incumbent vendor or current contractor information has been disclosed in the available materials. The broker will be compensated exclusively through commissions received from insurers, resulting in no additional direct cost to the City of Pittsburgh. This commission-based compensation structure aligns with the City's objective to reduce insurance expenditures through optimized coverage analysis and right-sizing of policies. The estimated annual insurance spend of approximately $1.7 million provides the baseline budget range for this engagement, though final commission amounts will depend on the specific insurance products procured and carrier commission rates.