Award

2023-2024-010 : Group Insurance Renewal

METROPOLITAN THAMES VALLEY HOUSING

This public procurement record has 2 releases in its history.

Award

08 Apr 2024 at 09:05

Tender

12 Oct 2023 at 18:05

Summary of the contracting process

Metropolitan Thames Valley Housing (MTVH) is in the process of Group Insurance Renewal. The procurement involves seeking an insurer for third-party risk transfer meeting their needs at a competitive price. MTVH aims to demonstrate to leaseholders and other stakeholders their commitment to exploring the market for insurance cover. The procurement stage is now in the award phase, and the contract was signed on April 1, 2024, with a value of £62,169,800. The location for the services is specified as WEST MIDLANDS (ENGLAND), EAST MIDLANDS (ENGLAND), EAST OF ENGLAND, and SOUTH EAST (ENGLAND).

This tender for Group Insurance Renewal by MTVH opens up opportunities for insurance providers and firms offering risk management services. Businesses experienced in providing insurance services, especially in the areas of motor vehicle and property insurance, could engage in this tender process. With a focus on quality, resources, organisational capability, and cost-efficiency, companies willing to offer long-term insurance solutions and excellent claims service could find this tender suitable for business growth opportunities.

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

2023-2024-010 : Group Insurance Renewal

Notice Description

MTVH is seeking to obtain an insurer for third party risk transfer that meets the needs of MTVH at a competitive and fair price, to demonstrate to leaseholders and the business that we are exploring the market and obtaining insurance cover at the contemporary market rates.

Lot Information

Lot 1

The Requirement MTVH is seeking to obtain an insurer for third party risk transfer that meets the needs of MTVH at a competitive and fair price, to demonstrate to leaseholders and the business that we are exploring the market and obtaining insurance cover at the contemporary market rates. MTVH will enter into a Long-Term Agreement for 3 years (+1+1). Account Management (essential services) *Contact from a senior claims manager from the bidder, in the event of a large loss notification or an update on ongoing large losses, within 24 to 48 hours. *A senior Customer manager from the bidder to request advice on policy coverage *A senior underwriter from the bidder to request advice on policy coverage and be the main point of contact throughout the insurance year (1 April - 31 March) *Availability of support from 9 am - 5 pm Monday to Friday from service providers on the underwriting or claims handling process *The bidder to have full scope of suppliers including repair contractors, adjusters and panel solicitors *Out of Hours support available in the event of a major incident *Proactive investigation of Public Liability claims on behalf of MTVH with the help of the MTVH insurance team obtaining documentation *Engage loss adjuster and other appropriate stakeholders when a major loss arises *Process invoices for Public Liability excess payments *Process invoices for other lines of business during the renewal process *Produce high profile detailed quarterly claim reports for audit purposes *Produce and send quarterly claim spreadsheets with the cause of loss, reserve amount and address with a claim number *An online claim hub to review live updates on ongoing claims including settlement costs *The bidder should have a dedicated claim portal where residents and leaseholders can lodge claims directly *The bidder to offer Risk Management training and advise to MTVH staff in order to help us mitigate potential claims Service Level Agreements *Claim service - We would expect responses from the central claims team as well as other stakeholders (adjusters, claim inspectors) the bidder would appoint when a property claim is notified within 24-48 hours *When proceedings are issued in respect of Public Liability claims, the bidder should respond to third party solicitors within 2 working days *The bidder should respond to claimants in respect of ongoing Public Liability claims within 5 working days when they raise a query directly *The bidder should close Public Liability claims within 6 months of a liability decision being made *Send high profile detailed claim reports for audit purposes and other insurance claim related queries quarterly *Acknowledge new Public Liability claims within 48 hours *Acknowledge ongoing correspondence from claimants and MTVH in respect of Public Liability claim within a week *Ensure renewal documentation, i.e., Summary of cover for Leaseholders, shared owners and our commercial customers are received within 30 days of cover after 1 April KPI's *Quarterly update on claims performance to be received from the bidder as well as MTVH to the insurer in order the stop loss can be updated accordingly *Quarterly meetings with claims manager and customer manager in order to assess how the account is running *Receive policy documentation within 30 days of cover commencement

Renewal: 3 year initial term, with two extensions (+1 year, + 1 year)

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-040b93
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/011223-2024
Current Stage
Award
All Stages
Tender, Award

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
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66510000 - Insurance services

66514110 - Motor vehicle insurance services

66515000 - Damage or loss insurance services

66515200 - Property insurance services

66515300 - Weather and financial loss insurance services

66515400 - Weather-related insurance services

66516100 - Motor vehicle liability insurance services

66518100 - Insurance brokerage services

Notice Value(s)

Tender Value
£11,500,000 £10M-£100M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£62,169,800 £10M-£100M

Notice Dates

Publication Date
8 Apr 20241 years ago
Submission Deadline
16 Nov 2023Expired
Future Notice Date
Not specified
Award Date
31 Mar 20241 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Cancelled
Awards Status
Active
Contracts Status
Active

Contracting Authority (Buyer)

Main Buyer
METROPOLITAN THAMES VALLEY HOUSING
Contact Name
Adam Bevan
Contact Email
adam.bevan@mtvh.co.uk
Contact Phone
+44 7701388562

Buyer Location

Locality
LONDON
Postcode
N14 6PW
Post Town
North London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI5 Outer London - East and North East
Small Region (ITL 3)
TLI54 Enfield
Delivery Location
TLF East Midlands (England), TLG West Midlands (England), TLH East (England), TLJ South East (England)

Local Authority
Enfield
Electoral Ward
Southgate
Westminster Constituency
Southgate and Wood Green

Supplier Information

Number of Suppliers
1
Supplier Name

ARTHUR J GALLAGHER

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-040b93-2024-04-08T10:05:14+01:00",
    "date": "2024-04-08T10:05:14+01:00",
    "ocid": "ocds-h6vhtk-040b93",
    "description": "To view this notice, please click here: https://www.delta-esourcing.com/delta/viewNotice.html?noticeId=854025215 GO Reference: GO-202448-PRO-25709961",
    "initiationType": "tender",
    "tender": {
        "id": "ocds-h6vhtk-040b93",
        "legalBasis": {
            "id": "32014L0024",
            "scheme": "CELEX"
        },
        "title": "2023-2024-010 : Group Insurance Renewal",
        "status": "complete",
        "classification": {
            "scheme": "CPV",
            "id": "66510000",
            "description": "Insurance services"
        },
        "mainProcurementCategory": "services",
        "description": "MTVH is seeking to obtain an insurer for third party risk transfer that meets the needs of MTVH at a competitive and fair price, to demonstrate to leaseholders and the business that we are exploring the market and obtaining insurance cover at the contemporary market rates.",
        "value": {
            "amount": 11500000,
            "currency": "GBP"
        },
        "lots": [
            {
                "id": "1",
                "description": "The Requirement MTVH is seeking to obtain an insurer for third party risk transfer that meets the needs of MTVH at a competitive and fair price, to demonstrate to leaseholders and the business that we are exploring the market and obtaining insurance cover at the contemporary market rates. MTVH will enter into a Long-Term Agreement for 3 years (+1+1). Account Management (essential services) *Contact from a senior claims manager from the bidder, in the event of a large loss notification or an update on ongoing large losses, within 24 to 48 hours. *A senior Customer manager from the bidder to request advice on policy coverage *A senior underwriter from the bidder to request advice on policy coverage and be the main point of contact throughout the insurance year (1 April - 31 March) *Availability of support from 9 am - 5 pm Monday to Friday from service providers on the underwriting or claims handling process *The bidder to have full scope of suppliers including repair contractors, adjusters and panel solicitors *Out of Hours support available in the event of a major incident *Proactive investigation of Public Liability claims on behalf of MTVH with the help of the MTVH insurance team obtaining documentation *Engage loss adjuster and other appropriate stakeholders when a major loss arises *Process invoices for Public Liability excess payments *Process invoices for other lines of business during the renewal process *Produce high profile detailed quarterly claim reports for audit purposes *Produce and send quarterly claim spreadsheets with the cause of loss, reserve amount and address with a claim number *An online claim hub to review live updates on ongoing claims including settlement costs *The bidder should have a dedicated claim portal where residents and leaseholders can lodge claims directly *The bidder to offer Risk Management training and advise to MTVH staff in order to help us mitigate potential claims Service Level Agreements *Claim service - We would expect responses from the central claims team as well as other stakeholders (adjusters, claim inspectors) the bidder would appoint when a property claim is notified within 24-48 hours *When proceedings are issued in respect of Public Liability claims, the bidder should respond to third party solicitors within 2 working days *The bidder should respond to claimants in respect of ongoing Public Liability claims within 5 working days when they raise a query directly *The bidder should close Public Liability claims within 6 months of a liability decision being made *Send high profile detailed claim reports for audit purposes and other insurance claim related queries quarterly *Acknowledge new Public Liability claims within 48 hours *Acknowledge ongoing correspondence from claimants and MTVH in respect of Public Liability claim within a week *Ensure renewal documentation, i.e., Summary of cover for Leaseholders, shared owners and our commercial customers are received within 30 days of cover after 1 April KPI's *Quarterly update on claims performance to be received from the bidder as well as MTVH to the insurer in order the stop loss can be updated accordingly *Quarterly meetings with claims manager and customer manager in order to assess how the account is running *Receive policy documentation within 30 days of cover commencement",
                "awardCriteria": {
                    "criteria": [
                        {
                            "name": "Methodology & Approach",
                            "type": "quality",
                            "description": "42.5"
                        },
                        {
                            "name": "Resources, Organisational Capability & Experience",
                            "type": "quality",
                            "description": "22.5"
                        },
                        {
                            "name": "Value for Money",
                            "type": "quality",
                            "description": "10"
                        },
                        {
                            "name": "Social Value",
                            "type": "quality",
                            "description": "0"
                        },
                        {
                            "name": "Price",
                            "type": "cost",
                            "description": "25"
                        }
                    ]
                },
                "contractPeriod": {
                    "durationInDays": 1080
                },
                "hasRenewal": true,
                "renewal": {
                    "description": "3 year initial term, with two extensions (+1 year, + 1 year)"
                },
                "submissionTerms": {
                    "variantPolicy": "notAllowed"
                },
                "hasOptions": false,
                "status": "cancelled"
            }
        ],
        "items": [
            {
                "id": "1",
                "additionalClassifications": [
                    {
                        "scheme": "CPV",
                        "id": "66514110",
                        "description": "Motor vehicle insurance services"
                    },
                    {
                        "scheme": "CPV",
                        "id": "66515000",
                        "description": "Damage or loss insurance services"
                    },
                    {
                        "scheme": "CPV",
                        "id": "66515200",
                        "description": "Property insurance services"
                    },
                    {
                        "scheme": "CPV",
                        "id": "66515300",
                        "description": "Weather and financial loss insurance services"
                    },
                    {
                        "scheme": "CPV",
                        "id": "66515400",
                        "description": "Weather-related insurance services"
                    },
                    {
                        "scheme": "CPV",
                        "id": "66516100",
                        "description": "Motor vehicle liability insurance services"
                    },
                    {
                        "scheme": "CPV",
                        "id": "66518100",
                        "description": "Insurance brokerage services"
                    }
                ],
                "deliveryAddresses": [
                    {
                        "region": "UKG"
                    },
                    {
                        "region": "UKF"
                    },
                    {
                        "region": "UKH"
                    },
                    {
                        "region": "UKJ"
                    },
                    {
                        "region": "UKG"
                    },
                    {
                        "region": "UKF"
                    },
                    {
                        "region": "UKH"
                    },
                    {
                        "region": "UKJ"
                    }
                ],
                "deliveryLocation": {
                    "description": "WEST MIDLANDS (ENGLAND),EAST MIDLANDS (ENGLAND),EAST OF ENGLAND,SOUTH EAST (ENGLAND)"
                },
                "relatedLot": "1"
            }
        ],
        "submissionMethod": [
            "written"
        ],
        "procurementMethod": "open",
        "procurementMethodDetails": "Open procedure",
        "tenderPeriod": {
            "endDate": "2023-11-16T13:00:00Z"
        },
        "submissionTerms": {
            "languages": [
                "en"
            ]
        },
        "awardPeriod": {
            "startDate": "2023-11-16T13:00:00Z"
        },
        "bidOpening": {
            "date": "2023-11-16T13:00:00Z"
        },
        "hasRecurrence": false
    },
    "parties": [
        {
            "id": "GB-FTS-12144",
            "name": "METROPOLITAN THAMES VALLEY HOUSING",
            "identifier": {
                "legalName": "METROPOLITAN THAMES VALLEY HOUSING"
            },
            "address": {
                "streetAddress": "The Grange, 100 High Street, Southgate",
                "locality": "London",
                "region": "UKI",
                "postalCode": "N14 6PW",
                "countryName": "United Kingdom"
            },
            "contactPoint": {
                "name": "Adam Bevan",
                "telephone": "+44 7701388562",
                "email": "adam.bevan@mtvh.co.uk",
                "url": "https://www.delta-esourcing.com/tenders/UK-UK-London:-Insurance-services./MM4X87D9A8"
            },
            "roles": [
                "buyer"
            ],
            "details": {
                "url": "https://www.mtvh.co.uk/",
                "buyerProfile": "https://www.mtvh.co.uk/",
                "classifications": [
                    {
                        "scheme": "TED_CA_TYPE",
                        "id": "BODY_PUBLIC",
                        "description": "Body governed by public law"
                    },
                    {
                        "scheme": "COFOG",
                        "id": "06",
                        "description": "Housing and community amenities"
                    }
                ]
            }
        },
        {
            "id": "GB-FTS-95150",
            "name": "Metropolitan",
            "identifier": {
                "legalName": "Metropolitan"
            },
            "address": {
                "streetAddress": "Cambridge House, 109 Mayes Road",
                "locality": "London",
                "postalCode": "N22 6UR",
                "countryName": "United Kingdom"
            },
            "contactPoint": {
                "telephone": "+44 2035354369"
            },
            "roles": [
                "reviewBody"
            ]
        },
        {
            "id": "GB-FTS-110099",
            "name": "Arthur J Gallagher",
            "identifier": {
                "legalName": "Arthur J Gallagher",
                "id": "BR019038"
            },
            "address": {
                "streetAddress": "The Walbrook Building, 25 Walbrook",
                "locality": "London",
                "region": "UKJ",
                "postalCode": "EC4N 8AW",
                "countryName": "United Kingdom"
            },
            "roles": [
                "supplier"
            ],
            "details": {
                "scale": "large"
            }
        },
        {
            "id": "GB-FTS-16439",
            "name": "Metropolitan Housing Trust Limited",
            "identifier": {
                "legalName": "Metropolitan Housing Trust Limited"
            },
            "address": {
                "streetAddress": "The Grange, 100 High Street",
                "locality": "London",
                "postalCode": "N14 6PW",
                "countryName": "United Kingdom"
            },
            "contactPoint": {
                "telephone": "+44 7701388562"
            },
            "roles": [
                "reviewBody"
            ]
        }
    ],
    "buyer": {
        "id": "GB-FTS-12144",
        "name": "METROPOLITAN THAMES VALLEY HOUSING"
    },
    "language": "en",
    "awards": [
        {
            "id": "011223-2024-1",
            "relatedLots": [
                "1"
            ],
            "title": "2023-2024-010 : Group Insurance Renewal",
            "status": "active",
            "suppliers": [
                {
                    "id": "GB-FTS-110099",
                    "name": "Arthur J Gallagher"
                }
            ]
        }
    ],
    "contracts": [
        {
            "id": "011223-2024-1",
            "awardID": "011223-2024-1",
            "title": "2023-2024-010 : Group Insurance Renewal",
            "status": "active",
            "value": {
                "amount": 62169800,
                "currency": "GBP"
            },
            "dateSigned": "2024-04-01T00:00:00+01:00"
        }
    ],
    "bids": {
        "statistics": [
            {
                "id": "1",
                "measure": "bids",
                "relatedLot": "1",
                "value": 3
            }
        ]
    }
}