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Insurance Policies

London Borough of Southwark

This public procurement record has 7 releases in its history.

Award

10 Oct 2025 at 19:29

Award Notice
Award

01 Oct 2025 at 10:18

UK6 - Contract Award Notice
Tender

13 May 2025 at 17:05

UK4 - Tender Notice
PlanningUpdate

08 May 2025 at 17:46

UK1 - Pipeline Notice
PlanningUpdate

07 May 2025 at 16:41

UK1 - Pipeline Notice
Planning

07 May 2025 at 16:36

UK1 - Pipeline Notice
Planning

15 Apr 2025 at 13:42

UK2 - Preliminary Market Engagement Notice
Summary of the contracting process

The procurement process for insurance policies has been completed by the London Borough of Southwark, which sought services under the industry category of insurance and pension services (CPV 66500000). The procurement, following an open procedure, included various insurance policies divided across multiple lots, such as Material Damage, Property Owners, and Motor Fleet among others. Located in London, with the region code UKI44, the process was initiated on 7 May 2025, with the tender phase concluding by 2 July 2025. Awards were made on 1 October 2025, and contracts were signed on 10 October 2025. The contracts, valued at a total of £18,186,284 including IPT and VAT, will last for a maximum of 5 years, potentially extending until 2030.

This procurement process offers substantial growth opportunities for businesses in the insurance sector, particularly those with capabilities in providing comprehensive property, casualty, and motor insurance services. Small and medium-sized enterprises (SMEs) like Risk Management Partners Ltd, along with larger entities such as Zurich Insurance Company Ltd, successfully secured contracts. Companies looking to compete in similar tenders should have robust service delivery, claims management, and an overall competitive edge in quality and cost, which were weighted at 60% and 40%, respectively. Businesses capable of offering value across these metrics, especially in servicing public sector insurance needs, would be well-positioned for future similar opportunities.

How relevant is this notice?

Notice Information

Notice Title

Insurance Policies

Notice Description

Southwark Council is publishing contract details notices for the provision of insurances coverage and associated services various insurance policies. The contracts are to last a maximum of 5 years. Southwark Council's contracts are for the provision of insurance covering the principal classes of Property, Casualty and Motor and some small, ancillary covers such as personal accident and school travel. The insurance policies scope was divided in the following lots: Lot 1 Material Damage and associated covers: - Material Damage - Business Interruption - Money - Specified All Risks - Works in Progress "All Risks" Lot 2 Property Owners and associated covers Lot 3 Combined Liability: - Employer's Liability - Public/Products Liability - Officials Indemnity - Professional Indemnity Lot 4 Crime Lot 5 Accident: Personal Accident / Business Travel Lot 6 School: School Journey Offsite Activities Lot 7 Computer: Computer Lot 8 Motor: Motor Fleet

Lot Information

Lot 1 Material Damage and associated covers.

Lot 1 Material Damage and associated covers.

Options: Cost assessment will represent 40% of the final assessment mark. Quality assessment will represent 60% of the final assessment mark. Cost assessment Actual price 35% Financial Certainty 5% Quality assessment The 60% Quality weighting for each Lot has been broken down as follows: Insurance All Lots Sub Criteria: Cover 30% Service Delivery 10% Claims Handling 15% Social Value 5%

Renewal: The Insurance cover in all Lots is for an initial period of three (3) years with the option to extend for any period or periods up to a maximum of two (2) further years.

Lot 2 Property

Lot 2 Property Owners and associated covers

Options: Cost assessment will represent 40% of the final assessment mark. Quality assessment will represent 60% of the final assessment mark. Cost assessment Actual price 35% Financial Certainty 5% Quality assessment The 60% Quality weighting for each Lot has been broken down as follows: Insurance All Lots Sub Criteria: Cover 30% Service Delivery 10% Claims Handling 15% Social Value 5%

Renewal: The Insurance cover in all Lots is for an initial period of three (3) years with the option to extend for any period or periods up to a maximum of two (2) further years.

Lot 3 Combined Liability

Lot 3 Combined Liability: Employer's Liability, Public/Products Liability, Officials Indemnity, Professional Indemnity.

Options: Cost assessment will represent 40% of the final assessment mark. Quality assessment will represent 60% of the final assessment mark. Cost assessment Actual price 35% Financial Certainty 5% Quality assessment The 60% Quality weighting for each Lot has been broken down as follows: Insurance All Lots Sub Criteria: Cover 30% Service Delivery 10% Claims Handling 15% Social Value 5%

Renewal: The Insurance cover in all Lots is for an initial period of three (3) years with the option to extend for any period or periods up to a maximum of two (2) further years.

Lot 4 Crime

Lot 4 Crime

Options: Cost assessment will represent 40% of the final assessment mark. Quality assessment will represent 60% of the final assessment mark. Cost assessment Actual price 35% Financial Certainty 5% Quality assessment The 60% Quality weighting for each Lot has been broken down as follows: Insurance All Lots Sub Criteria: Cover 30% Service Delivery 10% Claims Handling 15% Social Value 5%

Renewal: The Insurance cover in all Lots is for an initial period of three (3) years with the option to extend for any period or periods up to a maximum of two (2) further years.

Lot 5 Accident

Lot 5: Accident Personal Accident / Business Travel

Options: Cost assessment will represent 40% of the final assessment mark. Quality assessment will represent 60% of the final assessment mark. Cost assessment Actual price 35% Financial Certainty 5% Quality assessment The 60% Quality weighting for each Lot has been broken down as follows: Insurance All Lots Sub Criteria: Cover 30% Service Delivery 10% Claims Handling 15% Social Value 5%

Renewal: The Insurance cover in all Lots is for an initial period of three (3) years with the option to extend for any period or periods up to a maximum of two (2) further years.

Lot 6 School

Lot 6: School Journey Offsite Activities

Options: Cost assessment will represent 40% of the final assessment mark. Quality assessment will represent 60% of the final assessment mark. Cost assessment Actual price 35% Financial Certainty 5% Quality assessment The 60% Quality weighting for each Lot has been broken down as follows: Insurance All Lots Sub Criteria: Cover 30% Service Delivery 10% Claims Handling 15% Social Value 5%

Renewal: The Insurance cover in all Lots is for an initial period of three (3) years with the option to extend for any period or periods up to a maximum of two (2) further years.

Lot 7 Computer

Lot 7 Computer

Options: Cost assessment will represent 40% of the final assessment mark. Quality assessment will represent 60% of the final assessment mark. Cost assessment Actual price 35% Financial Certainty 5% Quality assessment The 60% Quality weighting for each Lot has been broken down as follows: Insurance All Lots Sub Criteria: Cover 30% Service Delivery 10% Claims Handling 15% Social Value 5%

Renewal: The Insurance cover in all Lots is for an initial period of three (3) years with the option to extend for any period or periods up to a maximum of two (2) further years.

Lot 8 Motor

Lot 8 Motor

Options: Cost assessment will represent 40% of the final assessment mark. Quality assessment will represent 60% of the final assessment mark. Cost assessment Actual price 35% Financial Certainty 5% Quality assessment The 60% Quality weighting for each Lot has been broken down as follows: Insurance All Lots Sub Criteria: Cover 30% Service Delivery 10% Claims Handling 15% Social Value 5%

Renewal: The Insurance cover in all Lots is for an initial period of three (3) years with the option to extend for any period or periods up to a maximum of two (2) further years.

Planning Information

This is not a call for competition. This notice is intended to alert potential suppliers of the upcoming opportunity and provide some basic information in advance if required about the council, the current insurance arrangements and claims data.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-050335
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/064401-2025
Current Stage
Award
All Stages
Planning, Tender, Award

Procurement Classification

Notice Type
UK6 - Contract Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
Large, SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66500000 - Insurance and pension services

66510000 - Insurance services

66511000 - Life insurance services

66512000 - Accident and health insurance services

66514110 - Motor vehicle insurance services

66515200 - Property insurance services

66516100 - Motor vehicle liability insurance services

Notice Value(s)

Tender Value
£18,186,284 £10M-£100M
Lots Value
£18,186,284 £10M-£100M
Awards Value
£13,698,635 £10M-£100M
Contracts Value
£10,813,735 £10M-£100M

Notice Dates

Publication Date
10 Oct 202510 months ago
Submission Deadline
2 Jul 2025Expired
Future Notice Date
9 May 2025Expired
Award Date
12 Sep 202511 months ago
Contract Period
10 Oct 2025 - 30 Sep 2028 2-3 years
Recurrence
2029-03-01

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
London Borough of Southwark
Additional Buyers

Southwark Council

Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
SE1 2QH
Postcode Area
South East London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI44 Lewisham and Southwark
Delivery Location
TLI44 Lewisham and Southwark
Local Authority
Southwark
Electoral Ward
London Bridge & West Bermondsey
Westminster Constituency
Bermondsey and Old Southwark

Supplier Information

Number of Suppliers
3
Supplier Names

RISK MANAGEMENT PARTNERS LTD

RISK MANAGEMENT PARTNERS LTD.

ZURICH INSURANCE COMPANY LTD

Further Information

Notice Documents

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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