--- title: "Insurance Actuarial Services" ocid: "ocds-b5fd17-036b75be-ff90-4935-a491-0a6c47745b28" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-036b75be-ff90-4935-a491-0a6c47745b28" markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-036b75be-ff90-4935-a491-0a6c47745b28.md" json_url: "https://d3tenders.com/contract/ocds-b5fd17-036b75be-ff90-4935-a491-0a6c47745b28.json" source: "Contracts Finder" current_stage: "Tender" buyer: "LONDON BOROUGH OF LAMBETH" published: "2020-11-26" --- # Insurance Actuarial Services Buyer: LONDON BOROUGH OF LAMBETH Current stage: Tender OCID: ocds-b5fd17-036b75be-ff90-4935-a491-0a6c47745b28 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-036b75be-ff90-4935-a491-0a6c47745b28) [Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-036b75be-ff90-4935-a491-0a6c47745b28.json) ## Summary The London Borough of Lambeth is currently procuring "Insurance Actuarial Services" to support its Risk & Insurance team through periodic insurance fund reviews, aimed at assessing exposures and the adequacy of existing reserves. This open tender procedure is below the threshold and is scheduled to close on 4th December 2020. The services required include a comprehensive actuarial review, claims trend analysis, and risk financing advice, with delivery expected to take place in London between 1st January 2021 and 31st December 2024. This opportunity is ideal for small and medium-sized enterprises (SMEs) specialising in actuarial services and insurance solutions. Businesses that can demonstrate expertise in conducting actuarial reviews, forecasting, and loss avoidance strategies will find this tender particularly appealing. Engaging in this contract could serve as a significant growth opportunity for firms looking to expand their portfolio within the public sector, especially those with innovative approaches to risk management and insurance assessments. ## Notice This procurement is for the selection of a provider that is able to fully support the council's Risk & Insurance team in the provision of periodic insurance fund reviews to assess the current exposures facing the council and the adequacy of existing insurance reserves & provisions to meet the cost of claims. Insurance actuarial services required include: * Full actuarial review of insurance provisions * Mini health check review on claims trends and impact * Insurance programme review * Commutations options * Redress Scheme review & forecasting * Risk financing review * Loss avoidance review & advice * Ad-hoc reviews Full details of the services required are set out in the attached specification document. Additional information: By submitting a tender I acknowledge and agree to the below the statements: * I have read and understood Lambeth's procurement guidance for suppliers, "Selling to the Council" * I accept the Lambeth Terms and Conditions * If I am selected to provide the above services and/or supplies this form and the information on it will form part of my contract with the London Borough of Lambeth * If I am selected to provide the above services and/or supplies and am not already set up as a supplier on the Lambeth system I will comply with Lambeth's Supplier Set-up procedures through iSupplier which includes the provision of a completed Supplier Self Certification form and Bank details on headed paper. * Lambeth is under no obligation to accept the final results of the quotation competition or the lowest price for any particular item submitted by a supplier * Non-delivery of services or products will result in non-payment by Lambeth Council * False representation could result in de-selection from any competition or termination of contract * It is a criminal offence to give or offer any gift or consideration whatsoever as an inducement or reward to any servant of a public body. I understand that any such action will empower Lambeth Council to cancel any contract or commission currently in force and may result in my exclusion from future work * Lambeth has the right to use this information for the prevention and detection of fraud ## Key Details | Field | Value | | --- | --- | | Publication source | Contracts Finder | | Latest notice | https://www.contractsfinder.service.gov.uk/Notice/3b4963a4-4851-4d53-bf28-2a12c8ebf91d | | Notice type | Tender Notice | | Procurement type | Standard | | Procurement category | Services | | Procurement method | Open | | Procurement method details | Open procedure (below threshold) | | Tender suitability | SME | | Awardee scale | Not specified | | All stages | Tender | ## Dates | Field | Value | | --- | --- | | Publication date | 26 Nov 2020 | | Submission deadline | 4 Dec 2020 | | Future notice date | Not specified | | Award date | Not specified | | Contract period | 1 Jan 2021 - 31 Dec 2024 | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | Not specified | | Lots value | Not specified | | Awards value | Not specified | | Contracts value | Not specified | ## Status | Field | Value | | --- | --- | | Tender status | Active | | Lots status | Not specified | | Awards status | Not specified | | Contracts status | Not specified | ## Buyer | Field | Value | | --- | --- | | Main buyer | LONDON BOROUGH OF LAMBETH | | Locality | LONDON | | Post town | South West London | | Postcode | SW2 1RW | | Country | England | | ITL 1 | TLI London | | ITL 2 | TLI4 Inner London - East | | ITL 3 | TLI45 Lambeth | | Local authority | Lambeth | | Electoral ward | Brixton Acre Lane | | Westminster constituency | Clapham and Brixton Hill | | Delivery location | TLI London | ## CPV Codes ### Divisions - 66 - Financial and insurance services ### Codes - 66519600 - Actuarial services ## Release History - 26 Nov 2020 at 11:14 - TenderAmendment - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/3b4963a4-4851-4d53-bf28-2a12c8ebf91d - 9 Nov 2020 at 14:05 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/3b4963a4-4851-4d53-bf28-2a12c8ebf91d ## Documents - https://www.contractsfinder.service.gov.uk/Notice/3b4963a4-4851-4d53-bf28-2a12c8ebf91d 26th November 2020 - Opportunity notice on Contracts Finder - https://www.contractsfinder.service.gov.uk/Notice/Attachment/0fb9a314-e9e6-4a47-b59c-4efab5e4a39e - https://www.contractsfinder.service.gov.uk/Notice/Attachment/c7e9274c-f2c3-4c58-9351-b957c7f859e2 - https://www.contractsfinder.service.gov.uk/Notice/Attachment/3780e5fc-ebf1-4086-8a54-81a5990139e4 ## Notice URLs - https://www.lambeth.gov.uk/ ## Provenance This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-b5fd17-036b75be-ff90-4935-a491-0a6c47745b28. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-036b75be-ff90-4935-a491-0a6c47745b28.json.