- Country: Canada
- Summary: On-0002303 - Insurance Assessment
- CAT Ref No: 113360814
- Deadline: 13 Feb 2025
- Financier: Self Financed
- Purchaser Ownership: Government
- Tender Value: Refer Document
- Notice Type: Tender
- Document Ref. No.: BC209011
- Purchaser's Detail:Login to see full purchaser details. Login to see full purchaser details. Login to see full purchaser details. Login to see full purchaser details. Login to see full purchaser details. Login to see full purchaser details. Login to see full purchaser details. Login to see full purchaser details. Login to see full purchaser details.
- Description:
- BCFSA is the market conduct regulator for all insurers writing insurance in BC and is the primary prudential regulator for B.C. incorporated insurers. Recently BCFSA imposed the requirement for insurers authorized in BC to adopt and adhere to an Insurer Code of Conduct (Code). The Code is principles based and reflects the objectives set out by International Association of Insurance Supervisors (IAIS) in its Insurance Core Principles (ICP), in particular ICP-19, and by CCIR/CISRO in its Fair Treatment of Consumer Guidance.
As part of BCFSA-s commitment to effective market conduct supervision, BCFSA has identified the need to enhance its market conduct regulatory practices and is seeking to assess and enhance our supervisory approach to more proactively address emerging market conduct risks and issues and to effectively supervise insurers adherence to the Code. BCFSA has identified a number of constraints that impact its current market conduct practices and is seeking an evaluation of its current regulatory architecture and recommendations on how to improve.
BCFSA is seeking proposals from qualified services providers to conduct a comprehensive assessment of its insurance market conduct supervisory approach, propose options for market conduct approach and develop strategic recommendation to support the desired approach. The assessment should evaluate BCFSA-s current market conduct supervisory approach and methodologies, intelligence gathering capabilities and orga... - Documents:
If you are registered member, kindly login to view full details of this tender notice:
CLICK HERE TO LOGINOn-0002303 - Insurance Assessment - Canada Tender
The BC FINANCIAL SERVICES AUTHORITY, a Government sector organization in Canada, has announced a new tender for On-0002303 - Insurance Assessment. This tender is published on CanadaTenders under CAT Ref No: 113360814 and is categorized as a Tender. Interested and eligible suppliers are invited to participate by reviewing the tender documents and submitting their bids before the deadline on 2025-02-13.
The estimated tender value is Refer Document, and full details, including technical specifications and submission requirements, are provided in the official tender documents. Ensure all submissions meet the criteria outlined to be considered for evaluation.
