---
title: "Council Insurance Premiums"
ocid: "ocds-h6vhtk-046f6a"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-046f6a"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-046f6a.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-046f6a.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "ISLE OF WIGHT COUNCIL"
published: "2024-06-25"
---

# Council Insurance Premiums

Buyer: ISLE OF WIGHT COUNCIL  
Current stage: Award  
OCID: ocds-h6vhtk-046f6a

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## Summary

The Isle of Wight Council completed a procurement process for Council Insurance Premiums from 1 April 2023 to 31 March 2025. The procurement was conducted using a limited procurement method without prior publication of a call for competition. The council signed contracts with multiple suppliers, including Travelers UK, QBE, Navigators and General, and Allianz, for varying amounts, totalling GBP 1,506,435.55. The procurement covered by the Government Procurement Agreement (GPA) resulted in multiple active awards, with a 10-day standstill period observed until midnight on 24 June 2024.

This tender for Council Insurance Premiums presents business growth opportunities for insurance service providers and related Financial and insurance services firms. Companies with expertise in insurance services and a track record in delivering premium coverage can be well-suited to compete in such tenders. The procurement stage involved awarding multiple active contracts to suppliers, indicating a competitive market for insurance service providers. Businesses looking to expand their portfolio in insurance services can leverage this tender to establish partnerships with the Isle of Wight Council and potentially grow their revenue streams.

## Notice

Council Insurance Premiums from 1 April 2023 until 31 March 2025 (2 year's premiums).

### Lot Information

Lot 1

Council Insurance Premiums from 1 April 2023 until 31 March 2025 (2 year's premiums). The value paid for premiums in 2023/24 was PS751723.08 and the value of the premiums for 2024/25 is PS805712.47.

### Procurement Information

The Authority has a long term agreement with the supplier that should have been in place until 31/03/2025 however due to miscommunications that contract did not include the 2 year extension agreement. This only came to light after the contract had ended last year so we were unable to modify it before it expired. The value paid for premiums in 2023/24 was PS751723.08 and the value of the premiums for 2024/25 is PS805712.47. It should be noted that premiums are paid via our Broker - Marsh Ltd. A VEAT was published and the Authority observed a 10 day standstill period that ended at midnight on 24 June 2024.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/019393-2024 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Limited |
| Procurement method details | Award procedure without prior publication of a call for competition |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 25 Jun 2024 |
| Submission deadline | Not specified |
| Future notice date | Not specified |
| Award date | 4 Jun 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 | £1,557,434 |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Cancelled |
| Awards status | Active |
| Contracts status | Active |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | ISLE OF WIGHT COUNCIL |
| Locality | NEWPORT |
| Post town | Portsmouth |
| Postcode | PO30 1UD |
| Country | England |
| ITL 1 | TLJ South East (England) |
| ITL 2 | TLJ3 Hampshire and Isle of Wight |
| ITL 3 | TLJ34 Isle of Wight |
| Local authority | Isle of Wight |
| Electoral ward | Newport Central |
| Westminster constituency | Isle of Wight West |
| Delivery location | TLJ34 Isle of Wight |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 4 |
| Supplier names | ALLIANZ; NAVIGATORS AND GENERAL; QBE; TRAVELERS |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66510000 - Insurance services

## Release History

- 25 Jun 2024 at 10:08 - Award - Award Notice - https://www.find-tender.service.gov.uk/Notice/019393-2024
- 12 Jun 2024 at 12:40 - Award - Award Notice - https://www.find-tender.service.gov.uk/Notice/018183-2024

## Notice URLs

- http://www.iow.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-h6vhtk-046f6a. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-046f6a.json.