RFP & Broker Selection Advisory

CA$0.00

We design and oversee structured broker selection and insurance RFP processes to ensure transparency, accountability, and alignment with enterprise risk strategy.

Insurance brokerage relationships influence program structure, service quality, and long term risk outcomes. Mercato provides independent advisory oversight to ensure broker selection decisions are objective, defensible, and strategically aligned.

We design and oversee structured broker selection and insurance RFP processes to ensure transparency, accountability, and alignment with enterprise risk strategy.

Insurance brokerage relationships influence program structure, service quality, and long term risk outcomes. Mercato provides independent advisory oversight to ensure broker selection decisions are objective, defensible, and strategically aligned.

Our Approach

We act exclusively in the interest of the organization. We do not place insurance and we do not receive commissions. Our role is to structure the evaluation process,

assess proposals rigorously, and provide leadership with clear, unbiased recommendations.

What We Do

RFP Strategy & Process Design

  • Definition of selection objectives and evaluation criteria

  • Development of structured RFP documentation

  • Timeline planning and stakeholder coordination

  • Establishment of measurable scoring frameworks

Data Preparation & Documentation

  • Organization of loss history and exposure data

  • Preparation of program summaries and claims narratives

  • Identification of coverage priorities and risk considerations

  • Development of submission requirements for consistency

Proposal Evaluation & Analysis

  • Comparative analysis of coverage structures and wording

  • Review of broker service models and team capabilities

  • Assessment of compensation structures and transparency

  • Scoring matrix development and side-by-side evaluation

Executive & Board Reporting

  • Clear, decision-ready summary reports

  • Strategic trade-off analysis

  • Risk and financial impact considerations

  • Formal recommendation memoranda

Transition Oversight (If Applicable)

  • Structured broker transition planning

  • Accountability framework development

  • Post-transition performance monitoring

Why It Matters

Without a disciplined selection process, broker appointments may be driven by relationships or market cycles rather than strategic alignment.

Independent RFP advisory ensures:

  • Transparency in decision-making

  • Alignment between broker capabilities and enterprise needs

  • Strengthened governance and accountability

  • Long-term program stability