Insurance Actuarial Services

Tender description

This procurement is for the selection of a provider that is able to fully support the council's Risk & Insurance team in the provision of periodic insurance fund reviews to assess the current exposures facing the council and the adequacy of existing insurance reserves & provisions to meet the cost of claims. Insurance actuarial services required include: • Full actuarial review of insurance provisions • Mini health check review on claims trends and impact • Insurance programme review • Commutations options • Redress Scheme review & forecasting • Risk financing review • Loss avoidance review & advice • Ad-hoc reviews Full details of the services required are set out in the attached specification document. Additional information: By submitting a tender I acknowledge and agree to the below the statements: • I have read and understood Lambeth's procurement guidance for suppliers, "Selling to the Council" • I accept the Lambeth Terms and Conditions • If I am selected to provide the above services and/or supplies this form and the information on it will form part of my contract with the London Borough of Lambeth • If I am selected to provide the above services and/or supplies and am not already set up as a supplier on the Lambeth system I will comply with Lambeth's Supplier Set-up procedures through iSupplier which includes the provision of a completed Supplier Self Certification form and Bank details on headed paper. • Lambeth is under no obligation to accept the final results of the quotation competition or the lowest price for any particular item submitted by a supplier • Non-delivery of services or products will result in non-payment by Lambeth Council • False representation could result in de-selection from any competition or termination of contract • It is a criminal offence to give or offer any gift or consideration whatsoever as an inducement or reward to any servant of a public body. I understand that any such action will empower Lambeth Council to cancel any contract or commission currently in force and may result in my exclusion from future work • Lambeth has the right to use this information for the prevention and detection of fraud