Tender

Reinsurance Broking and Enhanced Technical Services

FLOOD RE LIMITED

This public procurement record has 1 release in its history.

Tender

13 Dec 2019 at 17:45

Summary of the contracting process

The procurement process is initiated by Flood Re Limited, seeking bids for their "Reinsurance Broking and Enhanced Technical Services" tender. This procurement, classified under insurance brokerage services, is located in London, United Kingdom. The tender period is open until 23 January 2020, following a selective procurement method under a restricted procedure. The contract, once awarded, will commence on 5 May 2020 and extend until 4 May 2025.

This tender presents a valuable opportunity for businesses specialising in insurance brokerage and related technical services, particularly those capable of providing expertise in flood reinsurance. Companies with proficiency in data augmentation, catastrophe modelling, and dynamic financial analysis would be particularly well-suited to compete for this contract, which could facilitate significant growth in their operations within the UK insurance market.

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Notice Title

Reinsurance Broking and Enhanced Technical Services

Notice Description

Provision of outward reinsurance broking services in respect UK domestic flood reinsurance and enhanced technical services related thereto including: i)Exposure Data Augmentation; ii) Routine Catastrophe Model Running; iii) Model Selection, Understanding and Adjustment; iv) Dynamic Financial Analysis Modelling.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-67f744d2-b81b-4708-ae4e-1a97be49e986
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/8e04c01d-fb53-41c4-8c06-28c9b35242e4
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Restricted procedure
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66518100 - Insurance brokerage services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
13 Dec 20196 years ago
Submission Deadline
23 Jan 2020Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
4 May 2020 - 4 May 2025 Over 5 years
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
FLOOD RE LIMITED
Contact Name
Adrian Draper-Oatley
Contact Email
adrian.draper-oatley@capita.com
Contact Phone
Not specified

Buyer Location

Locality
LONDON
Postcode
EC4N 7BE
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

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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