Tender

Request for Proposal (RFP)_East Asia Regional Health and Life Insurance Brokerage Services 2022 to 2025

THE BRITISH COUNCIL

This public procurement record has 1 release in its history.

Tender

14 Apr 2022 at 14:16

Summary of the contracting process

The British Council is inviting proposals for its Request for Proposal (RFP) focusing on East Asia Regional Health and Life Insurance Brokerage Services from 2022 to 2025. This procurement falls under the services category, specifically life insurance services, with a total contract value of £4,800,000. The tender process is currently active, having started on 14 April 2022, and submissions must be completed by 23 May 2022 at 09:00 (BST). The successful broker will be responsible for renewing existing insurance policies and developing a comprehensive regional insurance solution across multiple locations, including China, Hong Kong, Indonesia, Malaysia, the Philippines, Singapore, Taiwan, Thailand, and Vietnam.

This tender presents significant opportunities for insurance brokers and firms that specialise in health and life insurance services. Businesses with experience in providing competitive insurance solutions and a robust understanding of the regional markets will be well-suited to compete. Moreover, organisations capable of offering value-added services, such as benefits improvement and cost reduction, will have the advantage in securing this contract, particularly in meeting the diverse needs of the British Council across the East Asia region.

Find more tenders on our Open Data Platform.
How relevant is this notice?

D3 Tenders Premium

Win More Public Sector Contracts

AI-powered tender discovery, pipeline management, and market intelligence — everything you need to grow your public sector business.

Notice Title

Request for Proposal (RFP)_East Asia Regional Health and Life Insurance Brokerage Services 2022 to 2025

Notice Description

Brief Description of RequirementWe will sign an insurance brokerage contract with one selected insurance broker to cover China, Hong Kong, Indonesia, Malaysia, Philippines, Singapore, Taiwan, Thailand and Vietnam.Services required by the British Council East Asia are structured around two key initiatives:* Renewal of existing insurance policies for policy year 2022/23. (For Oct 1 2022 to 30 Sep 2023, we keep the same benefits; and we are open to switching insurance companies when your proposed insurance policies are attractive.)* Development of a regional insurance solution for policy year 2023/24 onwards. (For Oct 1 2023 to 30 Sep 2025 and onwards, we expect your insurance solution to deliver value from benefits improvement, cost reduction, service improvement, etc.)

Lot Information

Lot 1

Brief Description of RequirementServices required by the British Council East Asia are structured around two key initiatives:* Renewal of existing insurance policies for policy year 2022/23. (For Oct 1 2022 to 30 Sep 2023, we keep the same benefits; and we are open to switching insurance companies when your proposed insurance policies are attractive.)* Development of a regional insurance solution for policy year 2023/24 onwards. (For Oct 1 2023 to 30 Sep 2025 and onwards, we expect your insurance solution to deliver value from benefits improvement, cost reduction, service improvement, etc.)

Renewal: The contract duration covers two years plus one year extension.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-032dfa
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/010078-2022
Current Stage
Tender
All Stages
Tender

Procurement Classification

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

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66511000 - Life insurance services

66512200 - Health insurance services

Notice Value(s)

Tender Value
£4,800,000 £1M-£10M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
14 Apr 20223 years ago
Submission Deadline
23 May 2022Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
THE BRITISH COUNCIL
Contact Name
Not specified
Contact Email
forest.deng@britishcouncil.org
Contact Phone
Not specified

Buyer Location

Locality
HONG KONG
Postcode
N/A
Post Town
Not specified
Country
Not specified

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

Local Authority
Not specified
Electoral Ward
Not specified
Westminster Constituency
Not specified

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

Download

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.

{
    "tag": [
        "compiled"
    ],
    "id": "ocds-h6vhtk-032dfa-2022-04-14T15:16:55+01:00",
    "date": "2022-04-14T15:16:55+01:00",
    "ocid": "ocds-h6vhtk-032dfa",
    "initiationType": "tender",
    "tender": {
        "id": "BC/02381",
        "legalBasis": {
            "id": "32014L0024",
            "scheme": "CELEX"
        },
        "title": "Request for Proposal (RFP)_East Asia Regional Health and Life Insurance Brokerage Services 2022 to 2025",
        "status": "active",
        "classification": {
            "scheme": "CPV",
            "id": "66511000",
            "description": "Life insurance services"
        },
        "mainProcurementCategory": "services",
        "description": "Brief Description of RequirementWe will sign an insurance brokerage contract with one selected insurance broker to cover China, Hong Kong, Indonesia, Malaysia, Philippines, Singapore, Taiwan, Thailand and Vietnam.Services required by the British Council East Asia are structured around two key initiatives:* Renewal of existing insurance policies for policy year 2022/23. (For Oct 1 2022 to 30 Sep 2023, we keep the same benefits; and we are open to switching insurance companies when your proposed insurance policies are attractive.)* Development of a regional insurance solution for policy year 2023/24 onwards. (For Oct 1 2023 to 30 Sep 2025 and onwards, we expect your insurance solution to deliver value from benefits improvement, cost reduction, service improvement, etc.)",
        "value": {
            "amount": 4800000,
            "currency": "GBP"
        },
        "lots": [
            {
                "id": "1",
                "description": "Brief Description of RequirementServices required by the British Council East Asia are structured around two key initiatives:* Renewal of existing insurance policies for policy year 2022/23. (For Oct 1 2022 to 30 Sep 2023, we keep the same benefits; and we are open to switching insurance companies when your proposed insurance policies are attractive.)* Development of a regional insurance solution for policy year 2023/24 onwards. (For Oct 1 2023 to 30 Sep 2025 and onwards, we expect your insurance solution to deliver value from benefits improvement, cost reduction, service improvement, etc.)",
                "contractPeriod": {
                    "durationInDays": 1080
                },
                "hasRenewal": true,
                "renewal": {
                    "description": "The contract duration covers two years plus one year extension."
                },
                "submissionTerms": {
                    "variantPolicy": "notAllowed"
                },
                "hasOptions": false,
                "status": "active"
            }
        ],
        "items": [
            {
                "id": "1",
                "additionalClassifications": [
                    {
                        "scheme": "CPV",
                        "id": "66512200",
                        "description": "Health insurance services"
                    },
                    {
                        "scheme": "CPV",
                        "id": "66511000",
                        "description": "Life insurance services"
                    }
                ],
                "deliveryAddresses": [
                    {
                        "region": "HK"
                    }
                ],
                "relatedLot": "1"
            }
        ],
        "submissionMethod": [
            "electronicSubmission",
            "written"
        ],
        "submissionMethodDetails": "http://www.in-tendhost.co.uk/britishcouncil",
        "communication": {
            "atypicalToolUrl": "http://www.in-tendhost.co.uk/britishcouncil"
        },
        "procurementMethod": "open",
        "procurementMethodDetails": "Open procedure",
        "tenderPeriod": {
            "endDate": "2022-05-23T09:00:00+01:00"
        },
        "submissionTerms": {
            "languages": [
                "en"
            ],
            "bidValidityPeriod": {
                "endDate": "2022-10-31T23:59:59Z"
            }
        },
        "awardPeriod": {
            "startDate": "2022-05-23T09:00:00+01:00"
        },
        "bidOpening": {
            "date": "2022-05-23T09:00:00+01:00"
        },
        "hasRecurrence": false
    },
    "parties": [
        {
            "id": "GB-FTS-50310",
            "name": "the British Council",
            "identifier": {
                "legalName": "the British Council"
            },
            "address": {
                "streetAddress": "3 Supreme Court Road, Admiralty, Hong Kong",
                "locality": "Hong Kong",
                "region": "HK",
                "countryName": "Hong Kong"
            },
            "contactPoint": {
                "email": "forest.deng@britishcouncil.org",
                "url": "http://www.in-tendhost.co.uk/britishcouncil"
            },
            "roles": [
                "buyer",
                "reviewBody"
            ],
            "details": {
                "url": "http://www.britishcouncil.org",
                "buyerProfile": "http://www.in-tendhost.co.uk/britishcouncil",
                "classifications": [
                    {
                        "scheme": "TED_CA_TYPE",
                        "description": "Registered Charity"
                    },
                    {
                        "scheme": "COFOG",
                        "id": "09",
                        "description": "Education"
                    }
                ]
            }
        }
    ],
    "buyer": {
        "id": "GB-FTS-50310",
        "name": "the British Council"
    },
    "language": "en"
}