Award

Cyber Insurance - AWARD

THE RIVERSIDE GROUP LIMITED

This public procurement record has 2 releases in its history.

AwardUpdate

02 Sep 2025 at 08:42

Award

28 Feb 2025 at 14:35

Summary of the contracting process

The Riverside Group Limited, based in Liverpool, has completed a procurement process for a Cyber Insurance policy titled "Cyber Insurance - AWARD". This contract, classified under Insurance services with a CPV code of 66510000, spans various locations, including the United Kingdom, British Overseas Territories, and beyond. The tender, executed through a restricted procedure, began its award stage on 28th February 2025, following the tender period closure on 16th January 2025, and spans the contract period from 1st March 2025 to 1st December 2025. The procurement aimed to secure a policy with a £10 million indemnity limit to cover diverse cyber-related risks, awarded to Marsh Ltd.

This tender opens significant business opportunities, primarily for companies specialising in insurance services, particularly those with expertise in cyber risk management and related fields. The procurement's focus on extensive coverage and robust response capabilities highlights a growing market for cyber insurance solutions. Firms offering innovative cybersecurity solutions, forensics, or risk mitigation services may find collaboration opportunities, especially considering the evolving demands for enhanced protection against cyber incidents.

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Notice Title

Cyber Insurance - AWARD

Notice Description

The Riverside Group are looking for Cyber insurance policy with a PS10M indemnity limit to cover aspects such as; - Data breaches. - Loss, corruption, destruction or theft of data. - Spread or presence of malware. - Any loss, fines, legal and liability costs associated with a Cyber Act or Incident such as malware attack, denial of service, etc. - Costs and handling of ransomware payments. - Offer expertise on any improvement areas or training and support to avoid Cyber Incidents. - Loss related to increased cost of working and business interruption. - Forensics, investigation and other post incident costs. - Data Restoration and reputational assistance.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-e5d7dad3-9940-4c9a-a460-1e7a98abfd6a
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/bb17700f-a890-4a7c-af40-0d6bb7467461
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Other -
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66510000 - Insurance services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£103,662 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
2 Sep 20255 months ago
Submission Deadline
16 Jan 2025Expired
Future Notice Date
Not specified
Award Date
28 Feb 202512 months ago
Contract Period
1 Mar 2025 - 1 Dec 2025 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
THE RIVERSIDE GROUP LIMITED
Contact Name
Idris Parry
Contact Email
idris.parry@riverside.org.uk
Contact Phone
03451110000

Buyer Location

Locality
LIVERPOOL
Postcode
L24 8RF
Post Town
Liverpool
Country
England

Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD7 Merseyside
Small Region (ITL 3)
TLD72 Liverpool
Delivery Location
Not specified

Local Authority
Liverpool
Electoral Ward
Garston
Westminster Constituency
Liverpool Garston

Supplier Information

Number of Suppliers
1
Supplier Name

MARSH

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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