Original Tender Description
The Guinness Partnership require insurance related services for the following areas:
Lot 1 - Main Programme. Insurance and related services for Property, legal liability and other general (non-life) insurable risks
Lot 2 - Insurance and related services for Motor vehicle risks (possibly including Motor Legal Expenses and Occasional Business Use)
Lot 3 - Insurance and related services associated with Cyber risks
Lot 4 - Insurance and related services associated with Terrorism Risks
Potential suppliers must make costed proposals for insurance arrangements which meet our insurance, risk management and servicing needs in the most appropriate and cost-effective way.
Minimum Requirements
Bidders must be able to meet the following minimum requirements:
• the financial ability to deliver the programme, including insurers with a minimum rating of “B++” from Standard & Poor, or an equivalent rating by an independent and reputable credit rating agency and approved by the bidder’s market security committee.
• the ability to provide the Contracting Authority with a choice of suitable insurers and/or suitable cover options
• a skilled and competent service team, which includes client relationship management, insurance claims management, insurance broking / underwriting and insurable risk managers
• the delivery of quality service to the Contracting Authority and our clients, including that provided to us by any third-party contractor employed by you or by the Insurer(s) you propose
Full Service Specification for all Lots can be found in Section 4 Specification of the 'Draft ITT Main Body' Document available with this Contract Notice
Estimated annual value for all LOTs is £8.675m per annum.