Provision of Medical Insurance Brokerage Services to British High Commission Kuala Lumpur

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Buyers

Value

£0

Classifications

  • Insurance brokerage services

Tags

  • tender

Submission Deadline

1 day from now

Published

1 month ago

Description

Provision of Medical Insurance Brokerage Services  to British High Commission Kuala Lumpur.

Documents

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  • Contract Agreement

    The official contract terms, conditions, and scopes of work.

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  • Award Notice

    Details on the tender award and selected suppliers.

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T1115 - UMAL Insurance Broker

UMAL needs to secure the services of a UK-based insurance broker with experience, expertise and capacity to act as an intermediary between UMAL and the insurance market (i.e. insurers, reinsurers, and other risk financing institutions). The broker will be required to assist with insurance needs of UMAL which include: a. Placing Insurance risks with insurers (both local and international) b. Ensuring adequate insurance for all UMAL exposures c. Providing wholesale insurance broking services for HMSL on behalf of its Members d. Covering the entity risks of UMAL, which includes i. Office Insurance and related covers ii. Professional Indemnity iii. Directors and Officers for UMAL Directors and officers iv. Crime v. Cyber Please also note, although the estimated total value is £125M across a potential 5 year contract we would like to make the following clear The overall value includes both premium and broker fees and could be in the range of £60 - £125m across 5 years Furthermore, to give an idea of just broker fees, this could end up being around £5m to £15m across 5 years Please note all figures are purely estimates.

U.M. Association Limited

U.M. Association Limited

Published 1 month ago

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Organisation

Foreign Commonwealth and Development Office

Ministry or any other national or federal authority, including their regional or local subdivisions

Timeline active

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