Award

Tyche Software Licence & Hosting

POOL REINSURANCE COMPANY LIMITED

This public procurement record has 1 release in its history.

Award

28 Apr 2025 at 11:36

Summary of the contracting process

The procurement process for the contract titled "Tyche Software Licence & Hosting" has been completed, with the ceremony of award occurring on 28th April 2025. The buying organisation is Pool Reinsurance Company Limited, based in London, England. The contract, falling under the industry category of software package and information systems, pertains to services needed by the actuarial department to maintain access and functionality of the Tyche platform. The procurement process is in the 'Award' stage, and the contract Commences on 30th April 2025, concluding on 29th April 2026. The procurement method was unique, as Pool Re required this particular supplier due to exclusive rights held on the Tyche platform, ensuring seamless support and licensing.

This tender presents significant opportunities for businesses specialising in managed IT services, particularly those with a focus on software licensing and hosting. Although AON Global Operations SE, a large enterprise, was the supplier awarded the contract, the process highlights potential for SMEs that offer specialised software solutions or managed services to engage in similar opportunities, especially where exclusivity or specialised expertise is a factor. Businesses that can deliver high-value bespoke services and establish themselves as key players through unique offerings may find great scope for growth in such niche markets.

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Notice Title

Tyche Software Licence & Hosting

Notice Description

AON/Tyche is required to act as Managed Service Provider for the actuarial department. All files are held on the Managed Servers which also provide the Tyche platform.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-46a7feb8-75ec-43e4-acf6-5d9853c8ad2b
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/4cd2fd59-b0f6-445d-b31c-d379b1f3593e
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Other - Pool Re require this Supplier for licensing and hosting of this software to ensure that they continue to have access to a required software interface. The Supplier holds exclusive rights to the Tyche platform, and deemed the best supplier for support and
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

48 - Software package and information systems


CPV Codes

48000000 - Software package and information systems

Notice Value(s)

Tender Value
£127,712 £100K-£500K
Lots Value
Not specified
Awards Value
£127,712 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
28 Apr 202510 months ago
Submission Deadline
1 Apr 2025Expired
Future Notice Date
Not specified
Award Date
27 Feb 202512 months ago
Contract Period
29 Apr 2025 - 29 Apr 2026 6-12 months
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
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

AON GLOBAL OPERATIONS

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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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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