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Insurances for Isle of Wight Council

Isle of Wight Council

This public procurement record has 1 release in its history.

Award

23 Apr 2026 at 16:22

Award Notice
Summary of the contracting process

The Isle of Wight Council has completed the procurement process for its insurance services, with plans commencing on 1st April 2025 and lasting for three years, with an option to extend for an additional four years. The procurement, valued at £6,000,000, is classified under CPV code 66510000 for insurance services, targeting the South East region of the United Kingdom. The award notice was published on 23rd April 2026 to maintain transparency, highlighting its importance in public procurement. The procurement stage reached is the award stage, which confirms the successful conclusion of the tender process.

The insurance tender offers substantial opportunities for large-scale providers, including TRAVELERS INSURANCE COMPANY LIMITED, RMP LTD, and ZURICH MANAGEMENT SERVICES LIMITED, each awarded various lots within the contract. This procurement could significantly bolster these organisations' portfolios by aligning them with public sector demands and creating a stable revenue stream over multiple years should the extension options be exercised. Although not suitable for SMEs or VCSEs, businesses experienced in large-scale insurance provision and seeking to expand their public sector engagements in the services category in England can find significant growth prospects through successful tenders for comparable procurements.

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Notice Information

Notice Title

Insurances for Isle of Wight Council

Notice Description

Procurement of Isle of Wight Council insurances from 1 April 2025 for three years with the option to extend for a further period of up to 4 years on the basis of plus 24 months plus 24 months. Additional information: Please note that it has only come to light today (23/04/26) that a CF notice was not published, nor added to our Contract Register. In the interest of complete transparency we now publish the award notice.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-704e9597-4dfb-44e8-99db-8e9fd66669d2
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/1a5b1184-9df1-4a38-a461-de708b1769d3
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 -
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66510000 - Insurance services

Notice Value(s)

Tender Value
£6,000,000 £1M-£10M
Lots Value
Not specified
Awards Value
£6,000,000 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
23 Apr 20264 months ago
Submission Deadline
13 Dec 2024Expired
Future Notice Date
Not specified
Award Date
1 Feb 20251 years ago
Contract Period
1 Apr 2025 - 31 Mar 2028 3-4 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Isle of Wight Council
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
NEWPORT
Postcode
PO30 1UD
Postcode Area
Portsmouth
Country
England
Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ3 Hampshire and Isle of Wight
Small Region (ITL 3)
TLJ34 Isle of Wight
Delivery Location
TLJ South East (England)
Local Authority
Isle of Wight
Electoral Ward
Newport Central
Westminster Constituency
Isle of Wight West

Supplier Information

Number of Suppliers
3
Supplier Names

Travelers Ins Co Ltd

RMP

Zurich Municipal

Further Information

Notice Documents

Notice URLs

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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