Insurance Corporation of British Columbia Bonfire #NRFP 8622

Capital Adequacy Testing and Consulting Services for ICBC

The Insurance Corporation of British Columbia (ICBC) is seeking consulting services to support its capital adequacy testing and financial scenario modelling. - Government Buyer: - Insurance Corporation of British Columbia (ICBC) - OEMs and Vendors: - Conning (expertise in Conning ADVISE platform required) - Products/Services Requested: - Capital adequacy testing and consulting services - Enhancement, maintenance, and updates to ICBC’s financial scenario modelling capabilities - Expertise in the Conning ADVISE platform - Updates and enhancements to ICBC’s economic capital model - Assistance with capital adequacy analysis and Minimum Capital Test (MCT) activities - Support for software version upgrades - Provision of related training, documentation, and advisory services - Unique or Notable Requirements: - Demonstrated experience with the Conning ADVISE platform is mandatory - No specific hardware or product part numbers are listed, as this is a consulting-focused solicitation

Description

ICBC is seeking proposals from qualified and experienced consultants to provide capital adequacy testing and consulting services. The successful proponent will support ICBC in enhancing, maintaining, and updating its financial scenario modelling capabilities used to assess capital adequacy and support regulatory and capital management requirements. Services include expertise in the Conning ADVISE platform, updates and enhancements to ICBC’s economic capital model, capital adequacy analysis and Minimum Capital Test activities, software version upgrades, and related training, documentation, and advisory services.

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