Award

Loss Adjuster

POOL REINSURANCE COMPANY LIMITED

This public procurement record has 5 releases in its history.

AwardUpdate

16 Apr 2024 at 08:21

AwardUpdate

16 Apr 2024 at 08:12

AwardUpdate

15 Apr 2024 at 11:29

Award

15 Apr 2024 at 11:23

Tender

04 Oct 2023 at 11:54

Summary of the contracting process

The buying organisation, Pool Reinsurance Company Limited, has awarded a contract for Loss Adjuster services. The contract, valued at £60,000 GBP, was awarded to Williams PITT (International) Limited. The procurement stage was completed on April 8, 2024, with a contract period starting from April 8, 2024, and ending on April 7, 2027. The procurement method used was a Negotiated procedure without prior publication (above threshold). The tender period ended on November 20, 2023, and the contract covers services in the insurance claims adjustment industry.

This tender for Loss Adjuster services by Pool Reinsurance Company Limited presents opportunities for businesses, especially SMEs, in the insurance claims adjustment sector. Companies with expertise in providing loss adjusting resources for large loss events are well-suited to compete for this contract. The contract offers a chance for business growth and collaboration with Pool Re to ensure the highest standards of service for its Members and stakeholders.

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Notice Title

Loss Adjuster

Notice Description

The primary function of Pool Re is to pay eligible claims to its members ("Members") following a terrorism event. To ensure that Pool Re performs its role in an accurate, timely and cost- effective manner and to prevent any reputational damage, Pool Re must be ready to respond to incidents as they occur, whether it is a small, isolated incident or a catastrophic event. Should a large loss event occur, the volume of claims and referrals that would be received from Pool Re Members would be extremely large. To ensure that the claims and referrals are reviewed promptly, there may be a requirement for additional loss adjusting resource at Pool Re, subject to the size of the relevant loss event. If required, the additional resource provided by the Supplier will assist the Pool Re Claims Manager in reviewing claims above individual Members' Large Loss limits, review, collate and calculate the erosion of Members' retentions and ensure the service provided to Members and other stakeholders is of the highest standard.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-414097e1-87b8-49da-abc6-ef6d677406f4
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/779a03e5-746a-42c8-a02b-90386f2f3ae4
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Limited
Procurement Method Details
Negotiated procedure without prior publication (above threshold)
Tender Suitability
SME
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66518300 - Insurance claims adjustment services

Notice Value(s)

Tender Value
£60,000 Under £100K
Lots Value
Not specified
Awards Value
£36,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
16 Apr 20241 years ago
Submission Deadline
20 Nov 2023Expired
Future Notice Date
Not specified
Award Date
7 Apr 20241 years ago
Contract Period
7 Apr 2024 - 7 Apr 2027 2-3 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
POOL REINSURANCE COMPANY LIMITED
Additional Buyers

POOL REINSURANCE

Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
EC4R 9AF
Post Town
Central London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
TLI London

Local Authority
City of London
Electoral Ward
Candlewick
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

WILLIAMS PITT (INTERNATIONAL

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts.

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