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Private Medical Insurance

BANK OF ENGLAND

This public procurement record has 1 release in its history.

AwardUpdate

27 Jan 2026 at 16:40

Award Notice
Summary of the contracting process

The procurement process, initiated by the Bank of England, involves an amendment to an existing contract for the provision of private medical insurance services. Classified under financial and insurance services, this tender relates to a previously established relationship and contract extension, with services expected to continue until 31 March 2027. The procurement stage has reached the award and contract update phase, with AXA PPP Healthcare Group Ltd continuing as the supplier. The procurement process is rooted in the legal framework of Directive 2014/24/EU and Regulation 72(1)(b) PCR 2015, allowing modifications such as the extension and financial adjustments. The scope of services covers the UK region, with the contract's total value now standing at £115,380,000.

This tender offers growth opportunities particularly for businesses involved in financial and insurance services, as it involves a large-scale service contract with significant financial value. Companies capable of managing extensive healthcare insurance plans and capable of offering innovative funding models like 'General Stop Loss' could effectively compete. The tender's modifications underline a demand for adaptability and value-additions within contractual frameworks, presenting an opportunity for businesses to engage in long-term service provision with the Bank of England. The location-specific requirement caters to businesses with operations or interests in the UK market.

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Notice Information

Notice Title

Private Medical Insurance

Notice Description

Lot Information

Lot 1

The Bank of England has previously appointed a supplier to provide private medical Insurance schemes. This notice relates to an amendment to that contract.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-061023
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/007290-2026
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Not specified
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£115,380,000 £100M-£1B

Notice Dates

Publication Date
27 Jan 20267 months ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
1 Apr 20179 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
BANK OF ENGLAND
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
EC2R 8AH
Postcode Area
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
Not specified
Local Authority
City of London
Electoral Ward
Walbrook
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

AXA PPP Healthcare Group Ltd

Further Information

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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