New York State Contract Reporter #2026-39-INS

NYSIF Solicits Terrorism Risk Modeling Services for Workers Compensation

This opportunity is a solicitation by the New York State Insurance Fund (NYSIF) for terrorism risk modeling and analytic services: - Government Buyer: - New York State Insurance Fund (NYSIF), Procurement Unit, Contract Management Specialist - OEMs and Vendors: - No specific OEMs are named - Incumbent vendor: Risk Management Solutions, Inc. - Products/Services Requested: - Terrorism risk modeling and analytic services for workers compensation carriers - Focus on exposures and risks located within New York State - Single contract award anticipated - Unique or Notable Requirements: - Services must specifically address terrorism exposures for workers compensation - Proposals must incorporate all amendments and clarifications posted on NYSIF's procurement website - Encouragement of participation from Minority and Women-Owned Business Enterprises (MWBE) and Service-Disabled Veteran Owned Businesses (SDVOB) - Contract term is five years

Description

The New York State Insurance Fund (NYSIF) is seeking proposals from qualified firms to provide terrorism risk modeling and analytic services related to terrorism exposures for workers compensation carriers, specifically for risks located in New York State. The contract term is from October 27, 2026, to October 26, 2031. NYSIF anticipates awarding a single contract and requires bidders to incorporate all amendments into their proposals. Proposals are due by August 3, 2026, at 2:00 p.m. EST.

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