Planning

Pre-Market Sounding: Claims Handling

FSCS (FINANCIAL SERVICES COMPENSATION SCHEME)

This public procurement record has 1 release in its history.

Planning

07 Sep 2022 at 13:05

Summary of the contracting process

The Financial Services Compensation Scheme (FSCS) is planning a procurement process titled "Pre-Market Sounding: Claims Handling" in London within the financial and insurance services industry. The process involves exploring service provider options to enhance customer experience by outsourcing part of the claims handling process. Key aspects include customer contact services, document management, claims processing, and quality review. The FSCS aims to retain ownership of processes and technology while partnering to deliver operational outcomes.

This tender opportunity by the FSCS in the services category can appeal to businesses offering scanning services, customer-care services, financial information systems, financial management consultancy, insurance and pension services, and customer services. The FSCS seeks partners to handle various aspects of claims processing efficiently, providing an opportunity for businesses with expertise in these areas to compete and contribute to delivering outstanding customer service for the financial services sector.

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Notice Title

Pre-Market Sounding: Claims Handling

Notice Description

In considering our future Claims Handling operating environment and the services we are seeking, we have explored a range of options that will allow us to perform our statutory function, while working with one or more service providers to help us deliver an outstanding customer experience. Our preferred approach is one that allows us to retain design and ownership of the processes and technology, with a partner or partners delivering agreed operational outcomes. We are interested to hear from potential service providers on how they might deliver some or all parts of our end-to-end claims handling process - from initial customer contact and application, through data gathering from product providers representatives and customers to process claims, to issuing a decision and processing any post-decision correspondence.

Lot Information

Lot 1

FSCS's claims handling process can be summarised as follows: Customer Contact Services Email and webchat: The primary channel for customer communication, providing answers to customer queries and handling customer escalations and complaints Phone/helpline: The voice channel for customer service, providing answers to customer queries and handling customer escalations and complaints Post: The channel for processing all incoming post. This includes processing post that is both assigned to a claim, or unassigned, and ensuring that it reaches the correct recipient. Document Management Services Processing, scanning, validation and distribution of inbound mail Outbound mail production Physical storage of documents Claims Processing - which includes: Identity Verification -verifying the identity of the customer Claim creation and electronic file building - setting up claims records on the FSCS system Triage and allocation - including prioritisation of urgent claims and vulnerable customers Data Gathering and Validation - ensuring all material information is available to assess the claim Customer touchpoint - ensuring the customer is kept up to date on their claim including setting out next steps by phone and in writing Assessment - reviewing the material information to determine the eligibility of the customer and the outcome of the claim Decision - reaching a decision and issuing the decision outcome letter Quantification - determining the correct level of compensation Appeals and post decision contact Quality Review - independently verifying the assessment/quantification and the supporting evidence, and providing ongoing feedback, support and training where necessary

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-036695
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/025112-2022
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

48 - Software package and information systems

66 - Financial and insurance services

79 - Business services: law, marketing, consulting, recruitment, printing and security


CPV Codes

48812000 - Financial information systems

66000000 - Financial and insurance services

66500000 - Insurance and pension services

79342300 - Customer services

79342320 - Customer-care services

79412000 - Financial management consultancy services

79999100 - Scanning services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
7 Sep 20223 years ago
Submission Deadline
Not specified
Future Notice Date
6 Sep 2022Expired
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
FSCS (FINANCIAL SERVICES COMPENSATION SCHEME)
Contact Name
Procurement
Contact Email
procurement@fscs.org.uk
Contact Phone
+44 2073758175

Buyer Location

Locality
LONDON
Postcode
EC3A 7QU
Post Town
Central London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
TLI London

Local Authority
City of London
Electoral Ward
Portsoken
Westminster Constituency
Cities of London and Westminster

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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