1

Pool Reinsurance Company LimitedcontractFind a TenderRef ocds-h6vhtk-0407e632014L0024active

Estimated value

services

Awarded value

Suppliers

1

1 SME

Lots

1

1 awarded

Published

16 Apr 2024

Description

The primary function of Pool Re is to pay eligible claims to its members (“Members”) following a terrorism event. To ensure that Pool Re performs its role in an accurate, timely and cost- effective manner and to prevent any reputational damage, Pool Re must be ready to respond to incidents as they occur, whether it is a small, isolated incident or a catastrophic event. Should a large loss event occur, the volume of claims and referrals that would be received from Pool Re Members would be extremely large. To ensure that the claims and referrals are reviewed promptly, there may be a requirement for additional loss adjusting resource at Pool Re, subject to the size of the relevant loss event. If required, the additional resource provided by the Supplier will assist the Pool Re Claims Manager in reviewing claims above individual Members’ Large Loss limits, review, collate and calculate the erosion of Members’ retentions and ensure the service provided to Members and other stakeholders is of the highest standard.

Scope

Reference
PRE00100
Commercial tool
Standalone contract
Contract dates

The contract requirements will be for five (5) years with the option for Pool Re to extend for a further three (3) x 12 month extension periods.

Main category
services
Contract locations
UK

Award criteria

Criteria the buyer will use to evaluate bids.

NameDescriptionTypeWeighting
price

Submission & procedure

Procedure
Award procedure without prior publication of a call for competition

Award details

Awarded supplier(s), contract period and value as published in the award notice.

Awarded value

Award date

Contract start

Contract end