Council Insurance Premiums
This is a large award for Financial & Insurance Services — above three-quarters of comparable contracts. Based on 8,013 valued Financial & Insurance Services tenders in our corpus.
Council Insurance Premiums from 1 April 2023 until 31 March 2025 (2 year's premiums).
The value paid for premiums in 2023/24 was £751723.08 and the value of the premiums for 2024/25 is £805712.47.
The Authority has a long term agreement with the supplier that should have been in place until 31/03/2025 however due to miscommunications that contract did not include the 2 year extension agreement.
This only came to light after the contract had ended last year so we were unable to modify it before it expired.
The value paid for premiums in 2023/24 was £751723.08 and the value of the premiums for 2024/25 is £805712.47.
It should be noted that premiums are paid via our Broker - Marsh Ltd.
A VEAT was published (2024/S 000-018183) and the Authority observed a 10 day standstill period that ended at midnight on 24 June 2024.
What the supplier must deliver
The Authority has a long term agreement
The Authority has a long term agreement with the supplier that should have been in place until 31/03/2025 however due to miscommunications that contract did not include the 2 year extension agreement.
It should be noted that premiums are
It should be noted that premiums are paid via our Broker.
Derived from the notice text — always confirm against the original documents.
Make the case to bid
Reveal who to approach at Isle of Wight Council, and generate a go-to-market strategy from their news, accounts and people.
- OCID
- 0ee5d48c-497e-4118-8b5c-6e400cc09ec8
- Stage
- contract · Contract
- Source
- Contracts Finder
- Buyer ref
- IOW001-DN722511-18147340
Contains public sector information licensed under the Open Government Licence v3.0. Source data © Crown copyright.
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