Awarded contract

Worldwide All Risks Insurance

Details

Buyer: Foreign, Commonwealth and Development Office
Supplier(s): Marsh Ltd
Value: £1,125,000
Duration: 5 years
Topic: Insurance services
Published: 1 May 2024
Source: uk:contracts_finder

Tender 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 Scheme; 2. Personal Accident Insurance Cover for Spouses/Registered Unmarried Partners 3. Marine Transit Insurance cover for UKB personal vehicles (to/from selected Posts)

Timeline

Completed: Award date1 April 2024
Completed: Award published1 May 2024
Current notice
Next: Contract expiry date31 March 2029in 2 years

About the buyer

The Foreign, Commonwealth and Development Office is a ministerial department that buys through its own Commercial Directorate. Every procurement runs on Jaggaer, the department's eSourcing portal, where suppliers register to bid. Opportunities and awards are published on Contracts Finder, and bids above threshold need Central Digital Platform registration. A commercial pipeline is updated every quarter. Four category teams cover programme delivery, estates and security, digital and technology, and corporate services. The department runs its own frameworks, such as the Global Development Delivery Framework, and dynamic purchasing systems for construction and global facilities management.

Procurement spend from central entities makes up 66% of overall UK public spend.

Over the past 5 years, most of the Foreign, Commonwealth and Development Office's contract awards have been in business services, transport equipment and construction work.

Relevant CPV codes

66510000 · Insurance services
66514120 · Marine, aviation and other transport insurance services
66516400 · General liability insurance services

Decision makers

Connect with the people behind this procurement.

Job title	Phone number	Work email
Head of Procurement	+44 •••• ••••••	••••••••@foreign-commonwealth-and-development-office.gov
Commercial Director	+44 •••• ••••••	••••••••@foreign-commonwealth-and-development-office.gov
Procurement Manager	+44 •••• ••••••	••••••••@foreign-commonwealth-and-development-office.gov
Category Lead	+44 •••• ••••••	••••••••@foreign-commonwealth-and-development-office.gov
Senior Buyer	+44 •••• ••••••	••••••••@foreign-commonwealth-and-development-office.gov
Contracts Manager	+44 •••• ••••••	••••••••@foreign-commonwealth-and-development-office.gov