Insurance services

Tender description

The procurement was conducted by Hampshire County Council on behalf of the Fire and Rescue Indemnity Company Limited (FRIC). The open procurement procedure was used to identify a suitable Provider who could offer Discretionary Mutual Management Services. The mutual will be run on a day to day basis by professional managers appointed by the mutual. They will be required to meet all the necessary professional requirements of the Financial Conduct Authority and would also bring experience and specialist market knowledge as well as providing actuarial services to financial modelling and claims management. Provision of Discretionary Mutual Management Services to the Fire and Rescue Indemnity Company Limited. Including but not limited to: — executive management, — programme optimisation, — underwriting and operations, — protection programme (excess and aggregate insurances), — claims, — finance, — IT (enabling and supporting the other service components), — governance, legal, regulatory and compliance, — operational actuarial, — independent actuarial, — marketing (mutual membership), — risk management, — resilience and business continuity, — pool risk register