Insurance Brokerage Request for Information and Early market engagement
£100,000 — stated in the notice
The procurement contact named on the official notice.
This sits in the lower-middle of the Financial & Insurance Services band — a mid-scale opportunity. Based on 8,013 valued Financial & Insurance Services tenders in our corpus.
National Wealth Fund Limited has published 22 notices across all categories, and 29% of its awards go to a supplier it has used before.
Which is the argument for getting on the list rather than winning this one. The incumbent is rarely the last winner — it is the roster. See the retention odds by category →
The National Wealth Fund (NWF) is looking to conduct Early Market engagement with Insurance Brokers in order to understand the market and help shape a future Procurement activity to put in place a contract for insurance brokerage services and subsequently award Insurance policies in a manner that is compliant with the Procurement Act 2023 (PA2023).
NWF currently provides Life insurance and Income protection as a benefit to all its employees, with the fund putting in place group policies for both benefits via an insurance broker contract.
NWF is looking to understand Brokers ability to undertake market reviews and subsequently award policies in line with the Procurement Act and what, if any, additional support/activity suppliers may require from NWF in order to place these compliantly.
British Business Bank (BBB) may also be included as a service recipient to any brokerage contract awarded, to allow them to utilise any contract to undertake placement of policies they may require.
Please note, the Total contract value stated reflects the NWF's estimated brokerage fees only.
If BBB is included as a service recipient in a future procurement then the Total contract value will be higher to incorporate their brokerage fees.
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- OCID
- ocds-h6vhtk-06ac80
- Stage
- planning · Planning
- Source
- Find a Tender
- Buyer ref
- 052373-2026
Contains public sector information licensed under the Open Government Licence v3.0. Source data © Crown copyright.
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