This public procurement record has 1 release in its history.

Award

25 Jun 2026 at 09:21

Summary of the contracting process

Swansea University has concluded a procurement process titled "SU157(26) Cyber Risk Insurance," focusing on securing insurance services due to the university's exposure to significant cyber threats. The procurement falls under the industry category of services, specifically insurance services (CPV code 66510000), and follows a below-threshold competition method, using a limited approach for tendering. The process has reached the award stage, with the contract being finalized and signed on 27 May 2026. The contract, valued at approximately £68,128.90, runs from 29 May 2026 to 31 July 2027, covering delivery locations in South West Wales. Swansea University, as a sub-central government authority governed by Welsh devolved regulations, acts as the buying organisation in this tender.

This tender presents a unique opportunity for businesses specialising in cybersecurity and insurance services to establish partnerships with public sector institutions. Given the growing need for cyber risk insurance, companies with expertise in mitigating financial risks associated with cyber threats stand to benefit significantly. Small and medium-sized enterprises (SMEs) like Assured Cyber Ltd, the supplier awarded the contract, demonstrate that such tenders can facilitate market expansion and entry into new public sectors. Hence, insurance firms with comprehensive cyber risk solutions are well-suited to compete in similar procurement processes, tapping into potential growth avenues within the academic and governmental markets.

How relevant is this notice?

Notice Title

SU157(26) Cyber Risk Insurance

Notice Description

The university is routinely subject to cyber threats with the potential to inflict significant operational, reputational or financial damage. While there are existing controls, services and teams within Digital Services in place to monitor and manage this risk, the potential financial impact of a successfully cyber-attack would quickly cost the university millions of pounds.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-06bcc1
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/059703-2026
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
UK7 - Contract Details Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Limited
Procurement Method Details
Below threshold - limited competition
Tender Suitability
Not specified
Awardee Scale
SME

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
Not specified
Contracts Value
£68,128 Under £100K

Notice Dates

Publication Date
25 Jun 20262 weeks ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
26 May 20261 months ago
Contract Period
28 May 2026 - 31 Jul 2027 1-2 years
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
SWANSEA UNIVERSITY
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
SWANSEA
Postcode
SA2 8PP
Post Town
Swansea
Country
Wales

Major Region (ITL 1)
TLL Wales
Basic Region (ITL 2)
TLL4 Mid and South West Wales
Small Region (ITL 3)
TLL43 Swansea
Delivery Location
Not specified

Local Authority
Swansea
Electoral Ward
Sketty
Westminster Constituency
Swansea West

Supplier Information

Number of Suppliers
1
Supplier Name

ASSURED CYBER

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

JSON Markdown

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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