DS171-15 - Discretionary Mutual Protection Programme Insurance

Following a comprehensive review of the insurance market currently available to UK FRS’s culminating in a formal Insurance Tender in mid-2013 and the findings of an independent feasibility study, FRIC (Fire and Rescue Insurance Consortium) Members pursued an alternative form of funding to cover the attritional (reasonably predictable) loss and damage to property and legal liabilities incurred in the course of business. FRIC Members considered a range of alternative structures from an informal cross-member pool to a fully regulated Mutual Insurance Company. The model selected is known to FRIC as a (Hybrid) DM (Discretionary Mutual), this being a discretionary mutual supported by a protection programme of external insurance. Following the conclusion of a competitive tender let in accordance with the Public Contracts Regulations 2006, the DM Manager has been appointed to manage the DM and delegated functions from the PP (Protection Programme). FRIC Members will now work closely with the DM Manager to establish the DM Entity, define the target operating model and deliver the PP. This procurement concerns the PP insurance requirements as described in this ITT together with the supporting information provided herein. The Contractor/s will be required to work closely with the DM Entity and the DM Manager. The DM Manager will require delegated Underwriting and Claims Management on behalf of the Contractor as part of the resultant Contract/s.

Services

29/07/2015 12:00:00

66510000-8  Insurance services