Insurance Brokerage Services

Buyer

National Wealth Fund Limited

Value

£300,000

Closes

12 November 2026

Where

Leeds

Type

Open tender

In plain English

The National Wealth Fund needs an insurance broker to find and manage group life assurance and income protection insurance policies for their employees. The broker will also handle claims, monitor market changes, and advise whether to renew or re-tender policies. The contract may also be used by the British Business Bank for their insurance needs.

What the buyer wants

• Find and arrange group life assurance and group income protection insurance policies that comply with UK procurement law • Manage insurance claims on behalf of the Fund each year • Monitor the insurance market and advise the Fund if their policies need updating or if new competitive quotes should be sought • Potentially provide similar brokerage services to the British Business Bank for various insurance types including employers liability, professional indemnity, cyber, travel, and medical insurance

Likely requirements

Our reading of the notice. Always check the tender documents.

This contract is for specialist insurance brokerage services: you must be a licensed, regulated insurance broker with FCA authorisation and substantial experience in group employee benefits. Most small general traders (builders, electricians, cleaners) cannot bid for this.

How to bid

This is an open tender: any eligible business can respond directly to the buyer by the deadline, with no framework membership needed.

How to write a tender response

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