Insurance Brokerage And Associated Services
Introduction
The Insurance Brokerage and Associated Services framework, led by the North East Procurement Organisation (NEPO) in collaboration with the Yorkshire Purchasing Organisation (YPO) and Eastern Shires Purchasing Organisation (ESPO), provides a structured pathway for organisations to procure insurance services. This framework, within the Financial Services category, offers a compliant and efficient procurement solution specifically focused on insurance brokerage and related services. It is set to run until 4th July 2027, allowing organisations to plan their insurance needs over a significant duration.
Context & Use Case
This framework is designed to streamline the procurement of insurance services for a range of public sector entities. By offering a straightforward and effective approach, contracting authorities can ensure that their insurance procurement is not only compliant with relevant regulations but also tailored to their specific requirements. The framework's collaborative nature, involving NEPO, YPO, and ESPO, underscores its wide applicability and the collective expertise brought into crafting an effective procurement route. Public sector bodies often face complex insurance needs that require expert negotiation and careful selection of policies. This framework simplifies these processes, making it easier for organisations to secure the necessary coverage, negotiate favourable terms, and receive ongoing support.
Scope of Services
The framework covers a comprehensive array of services related to insurance brokerage. Typical services include: 1. Identifying suitable insurance policies that meet the specific needs of an organisation. 2. Negotiating terms and conditions to ensure optimal coverage and pricing. 3. Providing expert advice and support throughout the duration of the policy. 4. Offering ongoing consultancy services to address changing insurance needs. 5. Facilitating claims management and other associated insurance services.
Who Can Apply
The framework is open to a variety of suppliers specialising in insurance brokerage and related services. Suitable suppliers typically include those with a proven track record in providing insurance solutions to public sector bodies. While this framework is not a Dynamic Purchasing System (DPS), it is important for potential suppliers to understand that applications are assessed based on their ability to meet the framework's specified requirements.
Buyer Benefits
Public sector buyers benefit from using this framework by gaining access to a compliant procurement route that accelerates the process of securing necessary insurance services. The framework enables buyers to engage in competitive procurement while ensuring that they adhere to all regulatory requirements. Additionally, the structured nature of the framework aids in achieving cost savings and efficiency, as the groundwork for negotiating terms and managing policies is simplified through the expertise available within the framework.
Lots
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Next Steps
Suppliers interested in participating in this framework should carefully review the detailed requirements and reach out directly to the contracting authority for further information. Maintaining open communication with NEPO and its partners will ensure that potential suppliers are well-informed about the expectations and specific needs of the framework.
How Biddable Can Help
Biddable supports suppliers by offering a comprehensive platform for discovering public sector procurement opportunities, including frameworks like the Insurance Brokerage and Associated Services framework. Our services assist suppliers in preparing for applications by providing insights into procurement trends and offering visibility into upcoming opportunities. By utilising Biddable, suppliers can effectively navigate the procurement landscape and align their offerings with public sector needs.