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Leicestershire Academies Insurance Schem

Leicestershire County Council

This public procurement record has 4 releases in its history.

Award

14 Oct 2026 at 14:54

UK7 - Contract Details Notice
Award

02 Oct 2026 at 15:03

UK6 - Contract Award Notice
Award

02 Oct 2026 at 14:06

UK5 - Transparency Notice
Planning

23 May 2025 at 16:58

UK1 - Pipeline Notice
Summary of the contracting process

Leicestershire County Council has arranged insurance cover through the Leicestershire Academies Insurance Scheme for academies and maintained schools in Leicestershire. This is an insurance services requirement, covering schools that participate in the Council’s scheme. The work is for risks associated with these academies and maintained schools, with delivery in Leicestershire. The Council is the buyer and scheme administrator; the selected insurer provides the cover. The arrangement is specific to this group of schools rather than a general insurance service for all public bodies.

The procurement is complete and the contract has been awarded to Zurich Insurance Company Ltd. The Council used a direct award after its appointed insurance broker carried out market engagement and found only one insurer willing and able to quote for the required cover; the Council therefore considered that effective competition was unavailable. The award was made on 2 October 2026, and the contract was signed on 14 October 2026. Its stated value is £3.5 million. The contract period runs from 19 October 2026 to 31 August 2030. There was one lot, covering the insurance scheme for Leicestershire academies and maintained schools. The stated evaluation basis was the availability of an insurer able to provide the required cover; no separate weighted criteria are set out.

For insurers considering similar future requirements from Leicestershire County Council, this award demonstrates demand for cover across academies and maintained schools participating in a council-run scheme. A credible competitor would need underwriting appetite for this particular education-sector risk and the capacity to cover the scheme as a whole. The market engagement found only one insurer willing and able to quote, and the Council identified the possibility that competition may remain limited because insurers are unwilling to underwrite this risk. Insurers able to assess and price the exposure, and to provide a quotation through the Council’s appointed broker, would be best placed to compete if the requirement returns to market. The award indicates that willingness and ability to provide the required cover were decisive considerations; no further technical accreditations or capability criteria are stated.

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Notice Information

Notice Title

Leicestershire Academies Insurance Schem

Notice Description

Leicestershire Academies Insurance Scheme Insurance scheme for academies and maintained schools in Leicestershire.

Procurement Information

The Council appointed insurance broker undertook a market engagement exercise to identify insurers to provide cover for he Council ran insurance scheme for Leicestershire academies and maintained schools. Following the exercise, the broker confirmed that only one insurer was willing and able to provide a quotation for the required insurance cover. As a result, there is no effective competition available in the market for this specific requirement. The award is therefore on a single-supplier basis due to the absence of an alternative supplier in the market.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-0524b3
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/097100-2026
Current Stage
Award
All Stages
Planning, Award

Procurement Classification

Notice Type
UK7 - Contract Details Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Direct award
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66510000 - Insurance services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£3,500,000 £1M-£10M
Contracts Value
£3,500,000 £1M-£10M

Notice Dates

Publication Date
14 Oct 20261 weeks ago
Submission Deadline
Not specified
Future Notice Date
1 Jan 2026Expired
Award Date
2 Oct 20263 weeks ago
Contract Period
19 Oct 2026 - 31 Aug 2030 3-4 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Leicestershire County 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
LEICESTER
Postcode
LE3 8RA
Postcode Area
Leicester
Country
England
Major Region (ITL 1)
TLF East Midlands (England)
Basic Region (ITL 2)
TLF2 Leicestershire, Rutland and Northamptonshire
Small Region (ITL 3)
TLF22 Leicestershire CC and Rutland
Delivery Location
TLF22 Leicestershire CC and Rutland
Local Authority
Blaby
Electoral Ward
Glenfield Faire
Westminster Constituency
Mid Leicestershire

Supplier Information

Number of Suppliers
1
Supplier Name

Zurich Municipal

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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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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