Planning

Captive Insurance Management Services

NETWORK RAIL INSURANCE LIMITED

This public procurement record has 1 release in its history.

Planning

06 Jan 2021 at 23:08

Summary of the contracting process

The procurement process is currently in the planning stage and is initiated by Network Rail Insurance Limited, which is seeking Captive Insurance Management Services. The estimated contract value is £1.8 million, covering a three-year contract period with options to extend. This falls under the insurance brokerage and agency services category (CPV code: 66518000). The contract will be conducted in accordance with the Insurance Business (Bailiwick of Guernsey) Law, 2002. The future notice date for this tender is scheduled for 15th September 2021, and delivery will take place in the UK.

This tender presents a significant opportunity for businesses specialising in insurance management, including those offering finance, underwriting, claims administration, and compliance services. Companies experienced in governance and data protection will also be well-placed to compete. The scope of the services offered can attract a range of small to medium-sized enterprises looking to expand their portfolio within the UK insurance sector.

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Notice Title

Captive Insurance Management Services

Notice Description

The Captive is Network Rail Insurance Limited . A summary of the Captive Insurance Management Services is as follows: Finance Underwriting Claims Governance Administration Compliance Financial Crime Data Protection Company Secretarial

Lot Information

Lot 1

Captive Insurance Management Services. A summary of the Captive Insurance Management Services is as follows: Finance Underwriting Claims Governance Administration Compliance Financial Crime Data Protection Company Secretarial This Captive is governed by the Guernsey Financial Services Corporation and the contract will be in accordance with the Insurance Business (Bailiwick of Guernsey) Law, 2002 and all regulations, codes and rules. Additional information: Total contract value is estimated at PS1.8m. This is calculated as follows; Estimated spend is PS360,000.00 per annum. Spend for the three-year contract period is PS1,080,000 When including +1+1 options to extend, the contract value is estimated as PS1.8m

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-028831
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/000235-2021
Current Stage
Planning
All Stages
Planning

Procurement Classification

Notice Type
Planning Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Not specified
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66518000 - Insurance brokerage and agency services

Notice Value(s)

Tender Value
£1,800,000 £1M-£10M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
6 Jan 20215 years ago
Submission Deadline
Not specified
Future Notice Date
14 Sep 2021Expired
Award Date
Not specified
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Planned
Lots Status
Planned
Awards Status
Not Specified
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
NETWORK RAIL INSURANCE LIMITED
Contact Name
Michelle.Buckle@networkrail.co.uk
Contact Email
michelle.buckle@networkrail.co.uk
Contact Phone
+44 1908781000

Buyer Location

Locality
GUERNSEY
Postcode
GY1 4AT
Post Town
Not specified
Country
Channel Islands

Major Region (ITL 1)
Not specified
Basic Region (ITL 2)
Not specified
Small Region (ITL 3)
Not specified
Delivery Location
Not specified

Local Authority
Channel Islands
Electoral Ward
L99999999
Westminster Constituency
L99999999

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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