Closed Insurance Estates Partner
- Published
- 20 March 2026
- Estimated value
- £28,600,000
- Place of performance
- UK
- Procedure
- Open procedure
- Lots
- 1
- Documents
- 2
- Notice number
- 025555-2026
- Reference
- ocds-h6vhtk-066fd6
- Official source
- Official source
CPV codes
- 66000000Financial and insurance services
- 66500000Insurance and pension services
- 66510000Insurance services
- 66512000Accident and health insurance services
- 66512100Accident insurance services
- 66512200Health insurance services
Description
FSCS currently handles insurance claims in respect of policies written by a number of insolvent insurance firms and engages three external firms to carry out that handling on its behalf. It now seeks a single provider of such services to manage handling of the relevant claims and also of claims in respect of future insolvent firms and that the relevant provider delivers that work by way of an appropriate claims handling service and technology solution. The maximum potential contract period is to be 15 years, comprising an initial term of ten (10), years with an option for FSCS to extend that period at its sole discretion by up to a total additional period of five (5) years, comprising two initial additional periods of two (2) years one further additional period of one (1) year. The estimated contract value for the entire potential maximum term is £28.6 million (note that this figure is only an estimate, since claims volumes for the period cannot be predicted with certainty). Whilst Suppliers should take their own legal advice in this process, FSCS understands that, as insurance claims handling services, these services are not subject to applicable VAT at the date of this notic…
Official publications
- FTS · 025555-2026 · 20 March 2026
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Frequently asked questions
- What is the estimated value of this tender?
- The estimated value published by the buyer is £28,600,000.
- Who is the buyer of this tender?
- The contracting authority is Financial Services Compensation Scheme (United Kingdom).
- How can I bid for public tenders in the United Kingdom?
- Bids are submitted through the official public procurement portal in the United Kingdom. El Vínculo helps you find tenders and analyse their documents; submission always happens at the official source.
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