Insurance Broker Service

Tender description

The Welsh Parliament (Senedd Cymru) is undertaking preliminary market engagement to inform the potential future procurement of Insurance Broker Services. As part of this early-stage activity, we are inviting interested suppliers to submit a short questionnaire designed to help us understand current market capability, delivery models, and potential approaches to service provision. The information gathered through this engagement will support the Welsh Parliament in shaping any subsequent procurement strategy. Participation is voluntary, and responses will be used for research and planning purposes only. Completion of the questionnaire does not form part of any formal procurement process, nor does it create any obligation or advantage in any future tender. Suppliers with relevant experience in delivering Insurance Broker Services are encouraged to take part. Your insights will help ensure that any future approach is well-informed, proportionate, and aligned with best practice. The Welsh Parliament requires a broker to provide, on an independent and a fixed fee basis, the following services: (a) advising on appropriate types and levels of insurance to meet corporate risks while achieving value for money; (b) identifying suitable insurance providers; (c) the placement, monitoring and renewal of the Welsh Parliament's insurance policies with suitable insurance providers; (d) management and administration of the Welsh Parliament's insurance policies during the period of contract; (e) claims handling and management.