--- title: "General Insurance Services (Non-Brokerage)" ocid: "ocds-b5fd17-c1f0dd25-b0a4-4e43-afbb-08703f9ada6c" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-c1f0dd25-b0a4-4e43-afbb-08703f9ada6c" markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-c1f0dd25-b0a4-4e43-afbb-08703f9ada6c.md" json_url: "https://d3tenders.com/contract/ocds-b5fd17-c1f0dd25-b0a4-4e43-afbb-08703f9ada6c.json" source: "Contracts Finder" current_stage: "Award" buyer: "LONDON UNIVERSITIES PURCHASING CONSORTIUM" published: "2017-08-18" --- # General Insurance Services (Non-Brokerage) Buyer: LONDON UNIVERSITIES PURCHASING CONSORTIUM Current stage: Award OCID: ocds-b5fd17-c1f0dd25-b0a4-4e43-afbb-08703f9ada6c [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-c1f0dd25-b0a4-4e43-afbb-08703f9ada6c) [Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-c1f0dd25-b0a4-4e43-afbb-08703f9ada6c.json) ## Summary The London Universities Purchasing Consortium is seeking tenders for General Insurance Services (Non-Brokerage) through a process initiated on 10 March 2017. This procurement, classified under the insurance services category (CPV code 66510000), is currently in the Award stage following the submission and evaluation of bids. The award contract is set to commence on 1 August 2017 and will run for three years, with the possibility of a two-year extension. Bidders had until 12 May 2017 to submit their proposals to be considered for one of the 16 lots available to 43 member institutions. The buying organisation is located in London, with additional locations for delivery that span the United Kingdom and beyond. This tender presents significant opportunities for growth, particularly for specialised insurance companies and mutual organisations within the education sector, as Insurance Brokers are excluded from bidding. Successful bidders will need to meet stringent financial criteria, including maintaining a Standard & Poor's rating of A- or higher. Those involved in providing services such as property, liability, and engineering insurance would be particularly well-placed to compete for these contracts. The collaborative nature of the procurement also allows for participation from various regional university consortia, broadening the potential market for capable suppliers. ## Notice Insurance services expected to be divided across 16 lots and required by institutions participating as Members of the London University Purchasing Consortium Insurance Group. This will require insurance provision for several areas including but not limited to: property, business interruption and money risks, employers and public liability, professional indemnity, clinical research and trials, engineering and motor fleet. The provision excludes life insurance. This agreement commencing 1.8.2017, is for a 3 year contract with the option to extend for a further 2 years and is initially on behalf of 43 Full and Associate Members of the LUPC Insurance Group, which includes Members from the neighbouring Southern Universities Purchasing Consortium (SUPC). Members of the North Eastern Universities Purchasing Consortium (NEUPC) are also permitted to participate. Links to the participating consortia including a list of current Members may be found at: LUPC http://lupc.ac.uk/list-of-members.html, SUPC http://www.supc.ac.uk/about-us/our-members/ourmembers and NEUPC http://www.neupc.ac.uk/ourmembers. The institutions involved in this agreement may be subject to change during the term of the Agreement. Two Lots, 4 (Fine Arts) and 5 (Terrorism), have not been awarded and will be re-tendered shortly. Additional information: Bids are permitted from Insurance Companies and Education Sector mutual organisations. Bids are not permitted from Insurance Brokers. Applicants are requested to provide with their letter of application details of their financial standing, including confirmation of company registration number and the company address. Applicants may be asked for further information if the contract authority feels it is necessary. The financial assessment will be based upon a credit check and review of the supplied accounts in relation to the value of business for the Lot(s) applied for. All bidders should hold a Standard & Poor's (or equivalent rating agency) rating of A- or better. If you do not hold a financial rating from a rating agency please provide for consideration by the contract authority, your financial statements for the past two years and documentation supporting and demonstrating your financial status and ongoing longevity. Service providers shall be authorised to write the classes of insurance listed within EU member states subject to English law and jurisdiction of English Courts, or shall be University sector mutual associations. Bidders are required to register their interest and obtain documentation, which excludes the Member specification, at https://lupc.bravosolution.co.uk/web/login.shtml Once registered, bidders will receive an encrypted USB device by post providing full details of the specification at Insurance Group Member level. Details of the password required to decrypt the data will be communicated to bidders and in order to receive this, each interested bidder must agree to our confidentiality requirements on this data. The contracts (by Lot) will be for a period of up to 5 years. ## Key Details | Field | Value | | --- | --- | | Publication source | Contracts Finder | | Latest notice | https://www.contractsfinder.service.gov.uk/Notice/cdd891a0-93aa-4d27-8764-7420f4f21577 | | Notice type | Award Notice | | Procurement type | Standard | | Procurement category | Services | | Procurement method | Open | | Procurement method details | Open procedure | | Tender suitability | SME | | Awardee scale | Large | | All stages | Tender, Award | ## Dates | Field | Value | | --- | --- | | Publication date | 18 Aug 2017 | | Submission deadline | 12 May 2017 | | Future notice date | Not specified | | Award date | 17 Jul 2017 | | Contract period | 31 Jul 2017 - 31 Jul 2020 | | 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 | Complete | | Lots status | Not specified | | Awards status | Active | | Contracts status | Not specified | ## Buyer | Field | Value | | --- | --- | | Main buyer | LONDON UNIVERSITIES PURCHASING CONSORTIUM | | Locality | LONDON | | Post town | West London | | Postcode | W1T 7NZ | | Country | England | | ITL 1 | TLI London | | ITL 2 | TLI3 Inner London - West | | ITL 3 | TLI36 Camden | | Local authority | Camden | | Electoral ward | Bloomsbury | | Westminster constituency | Holborn and St Pancras | | Delivery location | Not specified | ## Supplier | Field | Value | | --- | --- | | Number of suppliers | 4 | | Supplier names | NEWLINE UNDERWRITING MANAGEMENT; NOVAE UNDERWRITING; ROYAL & SUN ALLIANCE INSURANCE GROUP; ZURICH MUNICIPAL | ## CPV Codes ### Divisions - 66 - Financial and insurance services ### Codes - 66510000 - Insurance services ## Release History - 18 Aug 2017 at 11:06 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/cdd891a0-93aa-4d27-8764-7420f4f21577 - 10 Mar 2017 at 10:23 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/04a86a7a-1ccc-497a-abf6-43f0241b020b ## Documents - https://www.contractsfinder.service.gov.uk/Notice/cdd891a0-93aa-4d27-8764-7420f4f21577 18th August 2017 - Awarded contract notice on Contracts Finder - https://www.contractsfinder.service.gov.uk/Notice/04a86a7a-1ccc-497a-abf6-43f0241b020b 10th March 2017 - Opportunity notice on Contracts Finder - https://www.contractsfinder.service.gov.uk/Notice/Attachment/dbf90420-f75b-461e-b6e8-c22fb9ccbbb9 OJEU notice - https://www.contractsfinder.service.gov.uk/Notice/Attachment/16dbf598-4961-4b7f-993d-5a4293260cb3 Confidentiality Agreement - https://lupc.bravosolution.co.uk/web/login.shtml Registration and Tender Documentation ## Notice URLs - http://lupc.ac.uk/list-of-members.html - http://www.neupc.ac.uk/ourmembers - http://www.supc.ac.uk/about-us/our-members/ourmembers ## 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-c1f0dd25-b0a4-4e43-afbb-08703f9ada6c. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-c1f0dd25-b0a4-4e43-afbb-08703f9ada6c.json.