1819-0393 Insurance Claims Handling
This is a contract result notice, not an open opportunity. Details from the official award data.
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.
Islington Council invites suitable expressions of interest from suppliers for an insurance claims handling service.
Current status / Background Islington Council has had an out-sourced service for handling its insurance claims for several years.
No claim files are kept in-house and all decisions on claims processing and information gathering are the responsibility of the provider.
The current contract expires this year.
The requirement The Council requires a new seven-year contract to run from 01 December 2019 to have its insurance claims of all types, including the main three, liability, property and motor claims dealt with by an external provider.
Full, delegated responsibility will be given to the provider to process claims to settlement.
As the Council will not retain claim files of its own it is essential that the bidder provides a high quality service of recording and reporting claims, and that the Council can access that information via detailed management reports and look up claim files retained by the bidder.
Lots The council's requirement is for one provider to cover the full range of claims handling.
Potential providers must be aware that TUPE may or may not apply to this service.
Further details will be available in the invitation to tender Contract Period The contract period will be for 84 months from an estimated start date 01 December 2019, initially for 3 years, with the option to extend from 01 December 2022 for two additional periods of 24 months, subject to satisfactory performance and available funding.
Contract Value The estimated total value for this service is £1.4m - £1.75m over the maximum 84 months term of the contract.
This is based on £200,0000-250,000 per annum.
However, the actual value will vary according to the number of claims actually received, their type and complexity.
Tenders will be evaluated for price on the basis of a schedule of the charges they will levy based on type and complexity.
As a guide, the Council has received the following numbers of claims on average for the last three years: • Liability 235 • Motor 148 • Property 111 Award criteria The contract will be awarded to the Most Economically Advantageous Tender (MEAT) in accordance with the Public Contracts Regulations.
MEAT for this contract is quality 65% and cost 35%.
Tender submissions will be subject to minimum quality thresholds of 3 for each question.
Further details will be provided in the invitation to tender.
Cost 35% Quality 65% Quality made up of: • Claims Handling Procedures 20% • Customer Service 15% • Fraud Prevention 10% • Complaints Handling 10% • IT systems, recording and management reporting 10% Total 100%
What the supplier must deliver
Potential providers must be aware that TUPE
Potential providers must be aware that TUPE may or may not apply to this service.
Derived from the notice text — always confirm against the original documents.
Make the case to bid
Reveal who to approach at Islington, and generate a go-to-market strategy from their news, accounts and people.
- OCID
- 89f9258a-c447-4b25-8150-69a2c6faf818
- Stage
- contract · Contract
- Source
- Contracts Finder
- Buyer ref
- ISL001-DN429766-45823911
Contains public sector information licensed under the Open Government Licence v3.0. Source data © Crown copyright.
Who wins this kind of work
The suppliers and buyers around this opportunity — drawn from official award data. Drag to orbit; click a node to explore.
Top suppliers & buyers in Financial & Insurance Services
Islington’s tender network
Assembling the network…
Similar open tenders
Insurance and related services for Property, legal liability and other general (non-life) insurable risks, as required by Red Kite Community Housing Limited
Red Kite Community Housing Limited
Insurance Services Contract
Newquay Town Council