Awarded contract

Insurance Brokerage Services Contract

Details

Supplier(s)
Marsh Ltd
Value
£22,500
Duration
3 years
Topic
Financial and insurance services
Published
10 September 2025

Tender description

The Council requires an insurance broker to place cover with insurers, as most public sector providers do not accept direct placements from clients. The broker will need to bring specialist expertise in insurance and risk financing, helping to design tailored insurance programmes and identify appropriate cover-particularly for ad hoc or complex requirements. This will ensure the Council is adequately protected while maintaining flexibility. The broker will also helps analyse claims data to determine the right balance between self-insurance and external cover, supporting cost-effective risk management, and during tendering, they will work closely with the Council to prepare market submissions, including arranging pre-tender engagement days with insurers.

Timeline

  1. Completed: Award published10 September 2025
    Current notice
  2. Completed: Award date1 November 2025
  3. Next: Contract expiry date31 October 2028in 2 years

About the buyer

Lincolnshire County Council is the local authority responsible for services across the county, and buys through its own Procurement Lincolnshire team. Suppliers register on Panacea, the council's e-tendering portal, to bid for contracts. Contracts above relevant thresholds are also advertised on Find a Tender, which is free for suppliers to join. A procurement pipeline sets out contracts due for re-procurement over the next eighteen months, helping suppliers plan ahead. The council favours a Lincolnshire-based approach to procurement, working with partner public bodies across the county where possible. Small and medium enterprises are encouraged to bid for council contracts directly.

UK local government drives £140bn in annual procurement, led by social protection (£66.6bn) and education (£57.1bn).

Over the past 5 years, most of Lincolnshire County Council's contract awards have been in health and social work, construction work and transport services.

Relevant CPV codes

  • 66000000 · Financial and insurance services

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Decision makers

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