---
title: "Worldwide All Risks Insurance"
ocid: "ocds-b5fd17-68ce24ab-6609-46ad-9f43-2c058a5ebcf5"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-68ce24ab-6609-46ad-9f43-2c058a5ebcf5"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-68ce24ab-6609-46ad-9f43-2c058a5ebcf5.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-68ce24ab-6609-46ad-9f43-2c058a5ebcf5.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "FOREIGN COMMONWEALTH AND DEVELOPMENT OFFICE"
published: "2024-05-01"
---

# Worldwide All Risks Insurance

Buyer: FOREIGN COMMONWEALTH AND DEVELOPMENT OFFICE  
Current stage: Award  
OCID: ocds-b5fd17-68ce24ab-6609-46ad-9f43-2c058a5ebcf5

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## Summary

The Foreign Commonwealth and Development Office (FCDO) has recently awarded a contract for the Worldwide All Risks Insurance. This procurement opportunity falls under the industry category of insurance services and specifically covers Marine, aviation, and other transport insurance services as well as General liability insurance services. The tender was conducted using a selective procurement method with a call-off from a framework agreement. The contract value amounts to £1,125,000 GBP, with a contract period starting on April 1, 2024, and ending on March 31, 2029. The procurement stage has been completed, and the tender period ended on March 28, 2024.

This awarded contract presents a business growth opportunity for suppliers in the insurance services sector, particularly those with expertise in providing comprehensive risk coverage. Small and medium-sized enterprises (SMEs) with experience in managing insurance schemes and policies could be well-suited to compete for this contract. Suppliers interested in this opportunity should be prepared to engage in a long-term partnership with the FCDO and have the capacity to handle complex insurance solutions on a global scale. The FCDO's willingness to engage SMEs in this contract signals a commitment to fostering innovation and diversity within its procurement processes.

## Notice

The FCDO intends to fund insurance cover through a bespoke self-fund hybrid model that reflects the FCDO's unique requirements and global reach. Staff are encouraged to opt in and pay one-third of the premium cover, with the FCDO covering the remaining two-thirds. The supplier will be responsible for arranging the policy provisions and administering insurance cover. All UKB premium contributions will go into a FCDO claims pot (see below) with a set lower limit and if this lower amount is breached, the FCDO then returns to a self-funded approach model. The funding is structured such that the FCDO reduces the total premium price for the UKB Staff by two-thirds. The FCDO's two-thirds contribution will be used to top up the claims pot as needed to honour claims. All UKB staff contributions will be collected and directly administered by the supplier. The remaining funds in the existing claims pot will be transferred to the successful bidder during the transition period. REQUIREMENT Detail of the Worldwide All Risks (WWAR) Insurance Scheme: The following elements will be included in the WWAR Insurance Scheme Contract: 1. WWAR Personal Effects and Personal Liability Insurance Scheme; 2. Personal Accident Insurance Cover for Spouses/Registered Unmarried Partners 3. Marine Transit Insurance cover for UKB personal vehicles (to/from selected Posts)

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/a73adc4c-e96a-4183-84cf-6adaf2f1328b |
| Notice type | Award Notice |
| Procurement type | Framework |
| Procurement category | Services |
| Procurement method | Selective |
| Procurement method details | Call-off from a framework agreement |
| Tender suitability | SME |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 1 May 2024 |
| Submission deadline | 28 Mar 2024 |
| Future notice date | Not specified |
| Award date | 28 Mar 2024 |
| Contract period | 31 Mar 2024 - 31 Mar 2029 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £1,125,000 |
| Lots value | Not specified |
| Awards value | £1,125,000 |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Not specified |
| Awards status | Active |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | FOREIGN COMMONWEALTH AND DEVELOPMENT OFFICE |
| Locality | LONDON |
| Post town | South West London |
| Postcode | SW1A 2AH |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI3 Inner London - West |
| ITL 3 | TLI35 Westminster and City of London |
| Local authority | Westminster |
| Electoral ward | St James's |
| Westminster constituency | Cities of London and Westminster |
| Delivery location | TLI London |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | MARSH |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66510000 - Insurance services
- 66514120 - Marine, aviation and other transport insurance services
- 66516400 - General liability insurance services

## Release History

- 1 May 2024 at 08:35 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/a73adc4c-e96a-4183-84cf-6adaf2f1328b

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/a73adc4c-e96a-4183-84cf-6adaf2f1328b
  1st May 2024 - Awarded contract notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/31a7fa2e-f867-483e-9716-4a3ee69bf20b
  n/a

## 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-b5fd17-68ce24ab-6609-46ad-9f43-2c058a5ebcf5. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-68ce24ab-6609-46ad-9f43-2c058a5ebcf5.json.