Summary
Machine-generated summaryVerdo Holding A/S invites bids for one or more sub-agreements covering business insurance. Lot 1: all risks insurance covering buildings, contents, business interruption and extra costs, plus machinery breakdown and business interruption following machinery and fire damage, with bids required on all insurance types in the lot. Lot 2: all risks insurance covering buildings, contents, business interruption and extra costs, excess layer. Lot 3: suppliers' cover. Lot 4: contracting and erection insurance. Lot 5: commercial and product liability insurance. Lot 6: workers' compensation insurance. Lot 7: motor vehicle insurance. The agreement is to take effect on 1 January 2027. Reference is made to the tender documents.
Description
Bid or no-bid?
Six questions before you commit a team. Under each one, what the register holds on it. The answers are yours.
Can I bid?
- Open procedure: any interested supplier may submit a bid. Above the EU threshold: open to companies from any EU country.
- The notice is written in Danish.
- Certificates from another EU country? Check the equivalents on eCertis
Official source
Source: TED - Tenders Electronic Daily (Publications Office of the EU)
Always verify details on the official notice.
Report an error in this notice
Last verified against TED - Tenders Electronic Daily (Publications Office of the EU) 18 hours ago
Expected award price
- likely award for this notice, from its published estimate of €6,334,033
- €5.4M to €7.2M
Comparable awards in this country and sector came in at a median of 100% of their published estimate, half of them between 86% and 113%, based on 109 awards of the last 3 years.
Each award is compared with the estimate of the same lots, framework agreements excluded. A published estimate may include options and renewals, so an award under it is not always a discount.
What this market pays
The buyer has too few awards of its own in this sector, so this is the range of the last 172 awards for Financial & insurance services in Denmark.
- This notice
- €6.3M
- Median award
- €1.6M
- Middle half of past awards
- €611,542 to €3.8M
The estimate is larger than three in four past awards.
Award values as published by the official sources. Use them as a guide, not a rule: scope, lots and duration differ between contracts.
The buyer
Full buyer profileVerdo Holding A/S
This buyer has no award history in this sector yet. Usual winners, Financial & insurance services - Denmark
| Company | Wins | Total awarded | Last win |
|---|---|---|---|
| GJENSIDIGE FORSIKRING | 26 | €59.2M | Aug 2026 |
| Protector Forsikring ASA | 11 | €27.5M | Feb 2026 |
| If Skadeforsikring, filial af If Skadeförsäkring AB | 11 | €14.7M | Jul 2026 |
| Protector Forsikring ASA; GJENSIDIGE FORSIKRING | 8 | €31.2M | Jul 2026 |
| Gjensidige Forsikring; Protector Forsikring ASA | 5 | €26.2M | Dec 2025 |
Based on 185 awards with a linked company profile over the last 2 years.
Market context
Larger than 88% of the open notices in Financial & insurance services across Europe.
- open now in Financial & insurance services
- 3,467
- median open notice
- €430,387
Who wins in this market
Many suppliersDenmark · Financial & insurance services
- different companies won awards here
- 87
- of the awards went to the three most frequent winners
- 26%
- buyers awarded contracts here
- 113
Based on 185 awards with a named winner over the last 3 years. Counted by award, not by value, because lot and framework amounts are not comparable. Concentrated means the three most frequent winners took 65% or more of the awards; many suppliers, under 35% with at least ten different winners.
Competition
- tenders per lot on average (open and restricted procedures)
- 1.7
- of those lots received a single tender
- 48%
- of the awards went to companies based in another country
- 20%
- of the tenders came from another country
- 16%
As the official award notices state them, over the last 3 years. Tenders per lot count open and restricted procedures only: in a negotiated procedure or a direct award a single tender is the procedure itself. The country is the one the notice gives for the winner.
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Open elsewhere in Europe
Matched by meaning across languages, from the notices' own words: the same kind of contract, open now in another country.
Awarded before
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