The National Procurement Service has developed a suite of insurance agreements to cater for NPS customers’ diverse insurance needs, consisting of an Insurance Services Dynamic Purchasing System (DPS) and an Insurance Support Services Framework Agreement.
As Cardiff Council were the first organisation to run a mini-competition via the Insurance Services DPS, the NPS worked collaboratively with the Council and their insurance broker at the time, Marsh Ltd, to undertake the procurement which took place between January and March 2017.
The mini-competition covered a wide range of insurance areas and consisted of 7 lots, including the council’s motor and property insurance requirements. The NPS assisted with the creation of the tender documentation and ran the mini‑competition via eTenderWales on the Council’s behalf.
By utilising the Insurance Services DPS, Cardiff Council were able to procure their insurance requirements through a compliant route to market, with the assurance of the relevant expert input gained from working closely with NPS and Marsh Ltd.
The mini-competition attracted a number of bids from the DPS providers and resulted in savings of over £200,000 (approx. 20%) compared to the equivalent premiums of the previous year. The speed and ease of use of the DPS allowed the insurance policies to be in place, as required, by the 1st April 2017, ensuring continuity of cover.
Dawn Jones-Norris, Insurance & Risk Officer at Cardiff Council, said:
“The council supports the use of Frameworks and the NPS Framework reduced the timeframe for the process as there is no need for a PQQ exercise or publication of an OJEU notice. The remainder of the process followed the usual lines and we were pleased to see a reduction in the overall premium paid by the council. The NPS were involved in the whole process and understand the issues faced by local authorities.”
Further information and feedback
For further information on the Insurance Services Dynamic Purchasing System, please email: NPSProfessionalServices@gov.wales