Section one: Contracting authority
one.1) Name and addresses
Department for International Trade
London
corporateservices@trade.gov.uk
Country
United Kingdom
NUTS code
UK - United Kingdom
Internet address(es)
Main address
https://www.gov.uk/government/organisations/uk-export-finance
one.3) Communication
Additional information can be obtained from the above-mentioned address
one.4) Type of the contracting authority
Ministry or any other national or federal authority
one.5) Main activity
General public services
Section two: Object
two.1) Scope of the procurement
two.1.1) Title
UK Export Finance Political and Credit Risk Insurance Services
two.1.2) Main CPV code
- 66000000 - Financial and insurance services
two.1.3) Type of contract
Services
two.1.4) Short description
UK Export Finance (“the Authority”) has a potential requirement for framework agreements for political and credit risk insurance & brokerage services .
The proposed procurement will entail services for the proposed framework agreement for both the Brokerage services and insurance panel in relation to political and credit risk.
Lot structure:
* Lot 1 Insurance brokerage services
*Lot 2 Insurance panel
The purpose of this Prior Information Notice (PIN) is a development to publication of the Prior Information Notice (PIN) in July 2021 (Reference: https://www.find-tender.service.gov.uk/Notice/017283-2021 ), In July 2021, the Department for International Trade on behalf of UK Export Finance sought feedback from the supplier market on some preliminary elements of scope via qualitative questionnaire.
The market engagement was effective, a broad selection of interested Potential Service providers participated through qualitative questionnaire and raised clarification questions. This approach allowed the Authority to gain some insights and test the market’s capacity and capability to deliver the requirement as currently described.
The approach set out our initial thinking and has subsequently evolved in light of feedback received from the market, internally and lessons learned. We have been working to further refine and develop our proposition.
A prospectus describing the requirement will be made available from via the jaggaer e-tendering portal to potential service providers service providers who register an interest against this PIN.
e-tendering portal:
https://uktrade.app.jaggaer.com/web/login.html?_ncp=1639346319199.3102286-1
two.1.6) Information about lots
This contract is divided into lots: Yes
Maximum number of lots that may be awarded to one tenderer: 1
two.2) Description
two.2.1) Title
Insurance Brokerage Services
Lot No
1
two.2.2) Additional CPV code(s)
- 66000000 - Financial and insurance services
two.2.3) Place of performance
NUTS codes
- UK - United Kingdom
two.2.4) Description of the procurement
Insurance Brokerage Services
• Arranging the placing of new Contracts of Insurance (as described below)
• Managing communications and endorsements relating to new and existing Contracts of Insurance
Political and Credit Risk Insurers
The typical profile of the insurance policies is (but not limited to):
• Political and Credit Risk, generally involving counterparties outside the UK
• Facultative Insurance Policies (although other forms of insurance policy may be considered, eg Treaty Insurance)
• Sums insured typically between £10m and £500m
• Call offs to be made through direct award or further competitions c.5 times per annum
• Insurance tenors between 5 and 15 years
• Transactions and Premiums denominated in US Dollars or Euros
two.2.14) Additional information
The Authority will be using the Portal to manage expressions of interest and all communications will be made through the Portal:
https://uktrade.app.jaggaer.com/web/login.html
This PIN is released for market sounding purposes only.
This PIN does not formally signify the beginning of any procurement exercise by the Authority, nor does it constitute a commit
two.2) Description
two.2.1) Title
Political and Credit Risk Insurers
Lot No
2
two.2.2) Additional CPV code(s)
- 66000000 - Financial and insurance services
two.2.3) Place of performance
NUTS codes
- UK - United Kingdom
two.2.4) Description of the procurement
as per the short description
two.3) Estimated date of publication of contract notice
31 January 2022
Section four. Procedure
four.1) Description
four.1.8) Information about the Government Procurement Agreement (GPA)
The procurement is covered by the Government Procurement Agreement: No