Contracts Finder · Award
Worldwide All Risks Insurance
A public procurement published by Foreign Commonwealth and Development Office via Contracts Finder.
- £1.1m
- Award value
- £1.1m
- Tender value
- 1
- Suppliers
- 1
- Awards
- 1
- Notices
- Award
- Stage
Overview
The FCDO intends to fund insurance cover through a bespoke self-fund hybrid model that reflects the FCDO's unique requirements and global reach. Staff are encouraged to opt in and pay one-third of the premium cover, with the FCDO covering the remaining two-thirds. The supplier will be responsible for arranging the policy provisions and administering insurance cover. All UKB premium contributions will go into a FCDO claims pot (see below) with a set lower limit and if this lower amount is breached, the FCDO then returns to a self-funded approach model. The funding is structured such that the FCDO reduces the total premium price for the UKB Staff by two-thirds. The FCDO's two-thirds contribut…
Key details
- Source
- Contracts Finder
- Lifecycle stage
- Award
- Status
- complete
- CPV classification
- 66510000 — Insurance services
- Currency
- GBP
- Total award value
- £1,125,000
- Tender value
- £1,125,000
- First published
- 1 May 2024
- Last updated
- 1 May 2024
Awards
1 award recorded on this procurement.
| Supplier | Companies House | Awarded | Status | Value |
|---|---|---|---|---|
| Marsh Limited | FC037255 | 28 Mar 2024 | active | £1.1m |
Notice timeline
Every published notice in this procurement's lifecycle.
All suppliers
Frameworks & programmes
More from Foreign Commonwealth and Development Office
FAQs about this procurement
Who is the buyer for "Worldwide All Risks Insurance"?
Worldwide All Risks Insurance is a UK public-sector procurement published by Foreign Commonwealth and Development Office via Contracts Finder.
Has "Worldwide All Risks Insurance" been awarded?
Yes — 1 award is recorded, with a reported total value of £1,125,000. The current lifecycle stage is "Award".
Which suppliers are involved in "Worldwide All Risks Insurance"?
1 supplier is linked: Marsh Limited.
What is "Worldwide All Risks Insurance" worth?
The reported award value is £1,125,000.
When was "Worldwide All Risks Insurance" published?
It was first published on 1 May 2024 and last updated on 1 May 2024, across 1 notice.
Track procurements like this one
Enable monitors the entire UK public-contract pipeline — get alerts on buyers, suppliers and frameworks that matter to you.
Get in touch with Enable