Date of dispatch of this notice: 02/11/2015
External Reference: 2015-243482
TED Reference: 2015/S 214-391471
Date of dispatch of this notice: 02/11/2015
External Reference: 2015-243482
TED Reference: 2015/S 214-391471
Discretionary Mutual Protection Programme Insurance
Exeter
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.
This Contract is due to commence on 01/11/2015 and will be for a fixed intiial period of 24 months with three twelve month extension periods.
This Contract will be open to any UK Fire and Rescue Service - http://www.cfoa.org.uk/frs?alpha
DS171-15
Combination 5 - Lot 8 (Motor Excess Insurer)
Combination 5 - Lots 9 & 10 (Property, Liability & Cross Class Aggregate Infill)