---
title: "Modification of Insurance and Related Services 2019 - 2024 to June 25"
ocid: "ocds-h6vhtk-043bc7"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-043bc7"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-043bc7.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-043bc7.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "KEY HOUSING ASSOCIATION"
published: "2024-02-21"
---

# Modification of Insurance and Related Services 2019 - 2024 to June 25

Buyer: KEY HOUSING ASSOCIATION  
Current stage: Award  
OCID: ocds-h6vhtk-043bc7

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[Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-043bc7.json)

## Summary

The Key Housing Association is modifying its Insurance and Related Services contract with Zurich Ltd, extending it from 2019 to June 2024 to June 2025. This decision was made due to market uncertainties post-Brexit and the war in Ukraine, with plans to start a new procurement process in Q3 2024. The location is in Glasgow, UK, under the services category.

This tender presents opportunities for insurance service providers looking to work with social housing providers. Businesses specialising in insurance underwriting, risk management, or service continuity planning would be well-suited to compete. The award for the contract, valued at £1,461,544, was signed on 20th February 2024 by the Key Housing Association. The procurement stage currently is in the "Award" phase.

### Lot Information

Lot 1

Key Housing Association (KHA) intends to extend the existing Insurance Provision contract due to end 1 June 24 to the 1 June 25 with Zurich Ltd who are the current insurance service Provider. This informed decision based on; the ongoing insurance marketplace uncertainty reflective of the post-Brexit economic environment, the far-reaching impact of the war in Ukraine, recent challenges faced by RSL's relating to all services, and the current cost-of-living pressures; while concurrently seeking to ensure effective continuity of our insurance services to meet our statutory regulatory requirements. The insurance market for social housing providers has always been quite restricted, however in the field of property and liability this has hardened severely and quickly since the start of 2023. This has been accelerated by the departure of two main insurance providers to the Sector over the last 6 months, meaning the already limited capacity is much reduced. This has resulted in unsustainable market conditions, and we have seen insurers react this year applying significant rate increases on Renewals during the first quarter of 2024. KHA intend to go out to the marketplace for a new contract for Insurance Provision and this procurement process will commence 2024 Q3 with a target effective date contract date of 1 June 2025.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/005654-2024 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Not Specified |
| Procurement method details | Not specified |
| Tender suitability | Not specified |
| Awardee scale | Large, SME |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 21 Feb 2024 |
| Submission deadline | Not specified |
| Future notice date | Not specified |
| Award date | 20 Feb 2024 |
| Contract period | Not specified |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | Not specified |
| Lots value | Not specified |
| Awards value | Not specified |
| Contracts value | £1,461,544 |

## Status

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

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | KEY HOUSING ASSOCIATION |
| Locality | GLASGOW |
| Post town | Glasgow |
| Postcode | G4 0HT |
| Country | Scotland |
| ITL 1 | TLM Scotland |
| ITL 2 | TLM3 West Central Scotland |
| ITL 3 | TLM32 Glasgow City |
| Local authority | Glasgow City |
| Electoral ward | Anderston/City/Yorkhill |
| Westminster constituency | Glasgow North |
| Delivery location | TLM82 Glasgow City |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | ZURICH MUNICIPAL |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66510000 - Insurance services

## Release History

- 21 Feb 2024 at 12:24 - AwardUpdate - Award Notice - https://www.find-tender.service.gov.uk/Notice/005654-2024

## Notice URLs

- http://www.key.org.uk
- https://api.publiccontractsscotland.gov.uk/v1/Notice?id=ocds-r6ebe6-0000598319
- https://ted.europa.eu/udl?uri=TED:NOTICE:149127-2019:TEXT:EN:HTML
- https://www.publiccontractsscotland.gov.uk/search/Search_AuthProfile.aspx?ID=AA12503

## 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-043bc7. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-043bc7.json.