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Closed Insurance Estates Partner

FSCS537 Closed Insurance Estates Partner 2026

This public procurement record has 1 release in its history.

Tender

20 Mar 2026 at 09:24

UK4 - Tender Notice
Summary of the contracting process

The Financial Services Compensation Scheme (FSCS) seeks a contract for a Closed Insurance Estates Partner to manage insurance claims for insolvent firms, with an estimated value of £28.6 million over up to 15 years. Located in London, FSCS requires a single provider for claims handling services through an open, competitive flexible procedure. The procurement process, currently in the tender stage, includes shortlisting suppliers to progress through different evaluation stages. Interested suppliers must submit the Procurement Specific Questionnaire (PSQ) via the Delta eSourcing portal by 20th April 2026, with the contract commencing on 8th January 2027 at the earliest.

This tender opportunity can foster business growth for firms specialising in financial and insurance services, particularly those with expertise in claims handling and technology solutions. It is well-suited for businesses capable of providing resilient service delivery, business continuity, and client engagement, and is particularly attractive for SMEs. Successful bidders will be evaluated based on quality (70%) and financial criteria (30%), with the opportunity to participate in possible negotiations before final tender submissions. Businesses in the insurance sector with robust technical and economic capabilities stand to benefit greatly from securing this contract, aligning their services with FSCS's framework.

How relevant is this notice?

Notice Information

Notice Title

Closed Insurance Estates Partner

Notice Description

FSCS currently handles insurance claims in respect of policies written by a number of insolvent insurance firms and engages three external firms to carry out that handling on its behalf. It now seeks a single provider of such services to manage handling of the relevant claims and also of claims in respect of future insolvent firms and that the relevant provider delivers that work by way of an appropriate claims handling service and technology solution. The maximum potential contract period is to be 15 years, comprising an initial term of ten (10), years with an option for FSCS to extend that period at its sole discretion by up to a total additional period of five (5) years, comprising two initial additional periods of two (2) years one further additional period of one (1) year. The estimated contract value for the entire potential maximum term is PS28.6 million (note that this figure is only an estimate, since claims volumes for the period cannot be predicted with certainty). Whilst Suppliers should take their own legal advice in this process, FSCS understands that, as insurance claims handling services, these services are not subject to applicable VAT at the date of this notice. The appointed Service Provider must demonstrate relevant experience and provide evidence of capability across all required service areas. This ensures FSCS meets its statutory obligations to eligible customers while delivering an experience aligned with its overall strategy. For more information about this opportunity, please visit the Delta eSourcing portal at: https://www.delta-esourcing.com/tenders/UK-UK-London:-Financial-and-insurance-services./458557M4AX To respond to this opportunity, please click here: https://www.delta-esourcing.com/respond/458557M4AX

Lot Information

Lot 1

Renewal: The maximum potential contract period is to be 15 years, comprising an initial term of ten (10), years with an option for FSCS to extend that period at its sole discretion by up to a total additional period of five (5) years, comprising two initial additional periods of two (2) years one further additional period of one (1) year, ending on 08/01/2042.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-066fd6
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/025555-2026
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
UK4 - Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Competitive flexible procedure
Tender Suitability
SME
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66000000 - Financial and insurance services

66500000 - Insurance and pension services

66510000 - Insurance services

66512000 - Accident and health insurance services

66512100 - Accident insurance services

66512200 - Health insurance services

Notice Value(s)

Tender Value
£28,600,000 £10M-£100M
Lots Value
£28,600,000 £10M-£100M
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
20 Mar 20266 months ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
8 Jan 2027 - 7 Jan 2037 Over 5 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
FSCS537 Closed Insurance Estates Partner 2026
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
EC3A 7AW
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
Aldgate
Westminster Constituency
Cities of London and Westminster

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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