British Columbia BCBid #NRFP 8622

Capital Adequacy Testing and Consulting Services for ICBC

ICBC is seeking consulting services to strengthen its capital adequacy testing and financial scenario modelling capabilities. - Government buyer: - Insurance Corporation of British Columbia (ICBC) - OEMs and vendors: - Conning (for the ADVISE platform) - Products/services requested: - Capital adequacy testing and consulting services - Enhancement, maintenance, and updating of financial scenario modelling - Expertise in Conning ADVISE platform - Support for economic capital model updates - Capital adequacy analysis and Minimum Capital Test (MCT) activities - Software version upgrades - Training, documentation, and advisory services - Unique or notable requirements: - Specific expertise in the Conning ADVISE platform is required - Services span regulatory compliance, model enhancement, and operational support - Opportunity is open to a broad range of professional service providers (management, business, engineering, research, technology, financial, insurance)

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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