Insurance Brokerage Framework and Insurance Placement DPS

Framework Period	05 July 2019 - 04 July 2023
Extension Opportunities	None
OJEU Contract Notice	2019/S 094-227488
OJEU Award Notice	-
Geographic Coverage	National

 

 

Insurance brokers play a key role in the procurement of insurance as they are a full time specialist, with professional skills in handling the insurance business, providing customers with advice on existing programmes. Our Insurance Brokerage framework is designed to allow for a direct award of the contract to the chosen insurance broker or to allow for a bench-marking exercise of insurance brokers knowledge and market strengths. The aim is to create better transparency and understanding around the use of an insurance broker, and on how to appoint one, so in the next step the insurance procurement process a real competition and value for money can be generated.

Benefits of insurance broker:

• Access to insurance expertise and knowledge
• Achieves value for money in insurance programmed design
• Ability to service all areas of the business including placement of niche and specialist covers
• Supports your disclosure of material information
• Access to consultancy advice on diverse range of risks and issues relating to insurance
• Advices on new risks and coverage required, value added solutions and innovation

A broker is your gateway to the insurance market. Without them you will limit your insurance competition.

The Broker awarded on to this framework are:

• AJ Gallagher
• Aon
• Brian Johnston
• GMG
• Griffiths Armour
• Marsh
• Towergate
• Willis

 

Framework Period	30th July 2019 - 29th July 2024
Extension Opportunities	None
OJEU Contract Notice	2019/S 106-259145
Geographic Coverage	National

 

Insurance Placement Dynamic Purchasing System (DPS)

The insurance market is dominated by a few market leaders who can offer all types of classes of insurance. However, there are a big number of insurers who are niche or specialist, who do not have the capacity to deliver all the insurance requirements but will be able to offer competitive quotes on individual lines. Also the nature of the insurance market is cyclical, characterised by fluctuating availability of insurers. Insurers join and leave the public sector depending on the market conditions.

The insurance placement DPS has been set up to benefit both insurers and tendering customers. The approach allows you to:

• customise your requirement
• access dynamic and fluid insurance market
• increase competition and shape the market as insurers can join an any time during the DPS's period of validity
• procure any type of cover including highly specialist and niche insurance
• streamline the process as both insurers and the types of covers can be easily identified
• create a level playing field for insurers

YPO's team is continuously working with the insurance industry to ensure the DPS offers the best route to the insurance market

Suppliers can join the DPS at any time, at the moment the following suppliers have been awarded on to the DPS:

• Allianz Insurance Plc
• Aon Underwriting Manager
• Aspen Insurance UK Limited
• Avid Insurance Services Ltd
• Aviva PLC
• British Engineering Services Limited
• Catlin Insurance Company UK (AXA)
• Chubb European Group
• First Underwriting Ltd
• Hiscox Syndicates Limited
• Maven Public Sector
• Morrison Edwards Insurance Services
• Motor Accident Protection Service Ltd
• Ocaso SA
• Protector Forsikring ASA
• Risk Management Partners
• Royal & Sun Alliance Insurance Plc
• SAGIC Limited
• Travellers Ins Co Ltd
• Volante Global t/a Edison Motors
• Zurich