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Insurance Programme - AWARD

University of Cumbria

This public procurement record has 1 release in its history.

Award

31 Oct 2024 at 12:51

Award Notice
Summary of the contracting process

The University of Cumbria has completed the procurement process for its "Insurance Programme," under the industry category of Insurance Services (CPV 66510000). The contracting authority is based in Carlisle, Cumbria, and the restricted procurement process was employed, indicating a selective method. The tender period concluded on 5th June 2024, and the contract spans from 1st August 2024 to 31st July 2027. Key dates include the award date of 1st August 2024, and the most recent publishing of award details on 31st October 2024. This procurement aims to provide comprehensive insurance products based on risk assessments and involves working closely with brokers and direct insurers.

This tender presents significant opportunities for businesses in the insurance sector, particularly those that can provide comprehensive, risk-assessed insurance products. The programme's focus on creating and maintaining professional relationships with insurers suggests that both established insurance companies and SMEs can benefit. Businesses that specialise in Property, Liability, and Motor insurance will find this contract especially relevant. With the completion status indicating a firm decision and a substantial contract value of £175,840, suppliers such as Aviva Plc, Nexus Underwriting Ltd, Risk Management Partners, and Zurich Insurance Company Ltd have been awarded, setting a precedent for similar businesses to engage in future tenders with the University of Cumbria.

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Notice Information

Notice Title

Insurance Programme - AWARD

Notice Description

Provision of Insurance Programme. The University procures its insurance products based upon its assessment and balance of risk, taking into account its legal, moral and financial duties. Along with other University professionals, the Finance Team will report to the Vice Chancellor's Executive regarding internal and external exposures and trends, allowing informed decisions to be made. Since the last tender in 2019 the University have created and developed professional relationships with their insurer providers. This includes with direct insurers on Property, Liability and Motor classes with whom their appointed broker works on a tri-partite basis.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-f8b13d7f-d7ea-4599-aa0f-298b524aa55c
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/ba066d06-ce56-4dcb-a803-fb0ebf961b0d
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Restricted procedure
Tender Suitability
SME
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
£175,840 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
31 Oct 20241 years ago
Submission Deadline
5 Jun 2024Expired
Future Notice Date
Not specified
Award Date
1 Aug 20242 years ago
Contract Period
1 Aug 2024 - 31 Jul 2027 2-3 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
University of Cumbria
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
CUMBRIA
Postcode
CA1 2HH
Postcode Area
Carlisle
Country
England
Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD1 Cumbria
Small Region (ITL 3)
TLD13 Cumberland
Delivery Location
TLD North West (England)
Local Authority
Cumberland
Electoral Ward
Castle
Westminster Constituency
Carlisle

Supplier Information

Number of Suppliers
4
Supplier Names

Aviva

Nexus Underwriting Limited

Risk Management Partners

Zurich Municipal

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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