Owner Controlled Insurance Programme (OCIP)

Tender description

National Highways intends to procure an Owner Controlled Insurance Programme (OCIP) to fulfil the insurance requirements for Lower Thames Crossing (LTC). The Lower Thames Crossing is part of the biggest investment in the UK roads for a generation. It consists of a proposed new All Purpose Trunk Road connecting the A2/M2 in Kent, crossing under the Thames through a twin-bored tunnel before joining the M25 south of Junction 29. This Prior Information Notice ('PIN') is to alert parties that National Highways wishes to commence pre-procurement market engagement and consultation, to inform the development of National Highways' procurement strategy for OCIP. Through this market engagement exercise, National Highways wishes to the gain an understanding on following: • The insurance market dynamics • Market appetite to provide insurance cover in relation to an LTC OCIP relating to construction /infrastructure insurances. • The Insurance markets view on any concerns with the procurement strategy and how these concerns can be mitigated Lot 1: At present, the classes of insurance anticipated to be included in the LTC OCIP are: • Construction "All Risks" Insurance (CAR) • Tunnel Boring Machine "All Risks" Insurance (TBM) • Construction Third Party Liability Insurance (CTPL) and • Contractors Pollution Liability Insurance (CPL) The LTC Market Sounding Briefing pack contains the following documents: • An LTC Overview • Insurance Market Sounding Questionnaire The LTC Market Sounding Briefing pack will be available to all parties who have registered on our e-Sourcing Portal Jaggaer, https://highways.bravosolution.co.uk/go/32235892017EA1A2E911 Instructions for completing National Highways' market engagement exercise: 1)The target audience for this market engagement are insurance companies who are regulated by the Financial Conduct Authority, Financial Services and Markets Act 2000 and any other statutory modifications. The insurers will also have the authority to write the classes of insurance listed in this PIN, within the United Kingdom subject to English law and jurisdiction of English courts. 2) National Highways will use our e-Sourcing Portal Jaggaer to communicate and undertake market engagement activities with those parties interested in participating in the market engagement for OCIP. 3) If you are interested in participating please register on Jaggaer, by visiting www.highways.bravosolution.co.uk,(ITT_6740). Once you have registered, please send an email to the LTC procurement manager Yasmine Bains, email address:Yasmine.Bains@lowerthamescrossing.co.uk You will then be added to the "ITT_6740 Insurance Market Engagement for Lower Thames Crossing (LTC) Owner Controlled Insurance Programme (OCIP)", where your party will be able to review the LTC Market Sounding Briefing pack and respond to the Insurance Market Sounding Questionnaire. 4) Please complete and return the Insurance Market Sounding Questionnaire via the Jaggaer messaging system by noon on the 25th March 2022. 5) All parties who complete the Insurance Market Sounding Questionnaire will receive an invite to participate in a follow up meeting. The purpose of the follow up meeting is for National Highways to understand and listen to what interested parties have to say, and use this feedback to shape the procurement strategy for OCIP.