--- title: "UK Export Finance Political and Credit Risk Insurance Services" ocid: "ocds-h6vhtk-0300aa" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-0300aa" markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-0300aa.md" json_url: "https://d3tenders.com/contract/ocds-h6vhtk-0300aa.json" source: "Find A Tender Service" current_stage: "Planning" buyer: "DEPARTMENT FOR INTERNATIONAL TRADE" published: "2021-12-13" --- # UK Export Finance Political and Credit Risk Insurance Services Buyer: DEPARTMENT FOR INTERNATIONAL TRADE Current stage: Planning OCID: ocds-h6vhtk-0300aa [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-h6vhtk-0300aa) [Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-0300aa.json) ## Summary The Department for International Trade in the UK is planning a procurement process for framework agreements regarding Political and Credit Risk Insurance Services. This initiative is categorised under financial and insurance services, with key components including Lot 1 for Insurance Brokerage Services and Lot 2 for an Insurance Panel. The anticipated future notice date is set for 31st January 2022, marking an important milestone in this planned procurement stage aimed at refining market offerings and capabilities. The services will primarily cater to political and credit risk insurance, predominantly focusing on arrangements for contracts involving international counterparties. This tender presents a significant opportunity for businesses engaged in financial services, particularly those specialising in insurance brokerage and risk management. Companies capable of insuring large sums, typically between £10 million and £500 million, will find this an excellent fit. Additionally, businesses familiar with long-term insurance policies and international operations will have a competitive edge. Engaging in this procurement could enable suppliers to establish long-term relationships with a national authority, expanding their service offerings and client base in the insurance market. ## Notice UK Export Finance ("the Authority") has a potential requirement for framework agreements for political and credit risk insurance & brokerage services . The proposed procurement will entail services for the proposed framework agreement for both the Brokerage services and insurance panel in relation to political and credit risk. Lot structure: * Lot 1 Insurance brokerage services *Lot 2 Insurance panel The purpose of this Prior Information Notice (PIN) is a development to publication of the Prior Information Notice (PIN) in July 2021 (Reference: https://www.find-tender.service.gov.uk/Notice/017283-2021 ), In July 2021, the Department for International Trade on behalf of UK Export Finance sought feedback from the supplier market on some preliminary elements of scope via qualitative questionnaire. The market engagement was effective, a broad selection of interested Potential Service providers participated through qualitative questionnaire and raised clarification questions. This approach allowed the Authority to gain some insights and test the market's capacity and capability to deliver the requirement as currently described. The approach set out our initial thinking and has subsequently evolved in light of feedback received from the market, internally and lessons learned. We have been working to further refine and develop our proposition. A prospectus describing the requirement will be made available from via the jaggaer e-tendering portal to potential service providers service providers who register an interest against this PIN. e-tendering portal: https://uktrade.app.jaggaer.com/web/login.html?_ncp=1639346319199.3102286-1 ### Lot Information Insurance Brokerage Services Insurance Brokerage Services * Arranging the placing of new Contracts of Insurance (as described below) * Managing communications and endorsements relating to new and existing Contracts of Insurance Political and Credit Risk Insurers The typical profile of the insurance policies is (but not limited to): * Political and Credit Risk, generally involving counterparties outside the UK * Facultative Insurance Policies (although other forms of insurance policy may be considered, eg Treaty Insurance) * Sums insured typically between PS10m and PS500m * Call offs to be made through direct award or further competitions c.5 times per annum * Insurance tenors between 5 and 15 years * Transactions and Premiums denominated in US Dollars or Euros Additional information: The Authority will be using the Portal to manage expressions of interest and all communications will be made through the Portal: https://uktrade.app.jaggaer.com/web/login.html This PIN is released for market sounding purposes only. This PIN does not formally signify the beginning of any procurement exercise by the Authority, nor does it constitute a commit Political and Credit Risk Insurers as per the short description ## Key Details | Field | Value | | --- | --- | | Publication source | Find A Tender Service | | Latest notice | https://www.find-tender.service.gov.uk/Notice/031027-2021 | | Notice type | Planning Notice | | Procurement type | Framework | | Procurement category | Services | | Procurement method | Not Specified | | Procurement method details | Not specified | | Tender suitability | Not specified | | Awardee scale | Not specified | | All stages | Planning | ## Dates | Field | Value | | --- | --- | | Publication date | 13 Dec 2021 | | Submission deadline | Not specified | | Future notice date | 31 Jan 2022 | | Award date | Not specified | | Contract period | Not specified | | 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 | Planned | | Lots status | Planned | | Awards status | Not specified | | Contracts status | Not specified | ## Buyer | Field | Value | | --- | --- | | Main buyer | DEPARTMENT FOR INTERNATIONAL TRADE | | Locality | LONDON | | Post town | Not specified | | Postcode | N/A | | Country | Not specified | | ITL 1 | Not specified | | ITL 2 | Not specified | | ITL 3 | Not specified | | Local authority | Not specified | | Electoral ward | Not specified | | Westminster constituency | Not specified | | Delivery location | Not specified | ## CPV Codes ### Divisions - 66 - Financial and insurance services ### Codes - 66000000 - Financial and insurance services ## Release History - 13 Dec 2021 at 22:45 - Planning - Planning Notice - https://www.find-tender.service.gov.uk/Notice/031027-2021 ## Notice URLs - https://uktrade.app.jaggaer.com/web/login.html - https://uktrade.app.jaggaer.com/web/login.html?_ncp=1639346319199.3102286-1 - https://www.find-tender.service.gov.uk/Notice/017283-2021 - https://www.gov.uk/government/organisations/uk-export-finance ## 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-h6vhtk-0300aa. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-0300aa.json.