Tender Details

Country: Finland
Summary: Reinsurance Services
FIT Ref No: 73876929
Deadline: 02 Dec 2022
Financier: Self Financed
Purchaser Ownership: Government
Tender Value: Refer Document
Notice Type: Tender
Document Ref. No.: 602891-2022
Purchaser's Detail:
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Description:
The purpose of this call for tenders is to request tenders for excess of loss reinsurance contract for the year 2023 (1 January through 31 December, both days included), on Losses Occurring During basis. The purpose of the contract is to indemnify the contracting authority for all losses sustained under its Patient Insurance portfolio, written in Finland in accordance with the Finnish Patient Insurance Act (Potilasvakuutuslaki, 948/2019). The Finnish Patient Insurance Centre publishes statistical data on patient injuries subject to the Patient Insurance Act, available at: www.pvk.fi. According to information available to FMPIC-s, patient injuries have never been covered by reinsurance contracts in Finland. Tenderers may submit their tenders only as a consortium, comprising of at least three (3) members that are reinsurance carriers underwriting a share of the reinsurance. Each member of the consortium must underwrite at least five (5) per cent and no more than 50 per cent of the reinsurance, so that the reinsurance amounts to 100 per cent in total. This is necessary in order to minimize and manage the counterparty risks (Solvency II) related to the reinsurance in a cost-effective manner, considering the nature of the procurement as well as FMPIC-s operations and insurance portfolio. The contract shall have three (3) renewal periods if every member of the consortium agrees to it.
Doc Title: Reinsurance services
Contract Type: Services
Documents:

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Reinsurance Services - Finland Tender

The FINNISH MUTUAL PATIENT INSURANCE COMPANY, a Government sector organization in Finland, has announced a new tender for Reinsurance Services. This tender is published on FinlandTenders under FIT Ref No: 73876929 and is categorized as a Tender. Interested and eligible suppliers are invited to participate by reviewing the tender documents and submitting their bids before the deadline on 2022-12-02.

The estimated tender value is Refer Document, and full details, including technical specifications and submission requirements, are provided in the official tender documents. Ensure all submissions meet the criteria outlined to be considered for evaluation.