Worldwide All Risks Insurance
Reference ocds-b5fd17-68ce24ab-6609-46ad-9f43-2c058a5ebcf5 · Foreign Commonwealth and Development Office
Awarded to Marsh Limited for £1,125,000.
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Amounts and figures
Description
The FCDO intends to fund insurance cover through a bespoke self-fund hybrid model that reflects the FCDO's unique requirements and global reach. Staff are encouraged to opt in and pay one-third of the premium cover, with the FCDO covering the remaining two-thirds. The supplier will be responsible for arranging the policy provisions and administering insurance cover. All UKB premium contributions will go into a FCDO claims pot (see below) with a set lower limit and if this lower amount is breached, the FCDO then returns to a self-funded approach model. The funding is structured such that the FCDO reduces the total premium price for the UKB Staff by two-thirds. The FCDO's two-thirds contribution will be used to top up the claims pot as needed to honour claims. All UKB staff contributions will be collected and directly administered by the supplier. The remaining funds in the existing claims pot will be transferred to the successful bidder during the transition period. REQUIREMENT Detail of the Worldwide All Risks (WWAR) Insurance Scheme: The following elements will be included in the WWAR Insurance Scheme Contract: 1. WWAR Personal Effects and Personal Liability Insurance Sc…
Awards
| Awarded to | Amount | Date |
|---|---|---|
| Marsh Limited | £1,125,000 | 28 March 2024 |
Official publications
| Medium | Reference | Date |
|---|---|---|
| FTS | a73adc4c-e96a-4183-84cf-6adaf2f1328b-746638 | 1 May 2024 |
| Contracts Finder | a73adc4c-e96a-4183-84cf-6adaf2f1328b-746638 | 1 May 2024 |
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Frequently asked questions
- What is the deadline to bid for this tender?
- The submission deadline is 28 March 2024, 17:00. Check the official source, as dates can be modified.
- What is the estimated value of this tender?
- The estimated value published by the buyer is £1,125,000.
- Who is the buyer of this tender?
- The contracting authority is Foreign Commonwealth and Development Office (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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