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TED - Tenders Electronic Daily (Publications Office of the EU) verified 5 hours ago Contract notice

Finland - Reinsurance services - Reinsurance services

Open Finland Financial & insurance services

Buyer Finnish Mutual Patient Insurance Company

30 days left

Key facts

Closes
10:00 (UTC+2)
Procedure
Open procedure
  1. Published
  2. Today
  3. Deadline open for 29 days
  4. Awarded pending

Bidding window

29 days from publication to deadline

Usual length

Notices of this kind (Finland, open procedure, above the EU threshold) give a median of 31 days, half of them between 27 and 35 days, based on 7,388 notices of the last two years.

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Summary

Machine-generated summary

The Finnish Patient Insurance Centre (FMPIC) invites tenders for an excess of loss reinsurance contract covering 1 January to 31 December 2027, on a losses occurring during basis. The contract indemnifies the contracting authority for losses under its Patient Insurance portfolio written in Finland under the Finnish Patient Insurance Act (948/2019). Tenders may be submitted only by consortia of at least three reinsurance carriers, each underwriting between five and fifty per cent of the reinsurance, which must total one hundred per cent. The contract includes three renewal periods subject to agreement by all consortium members. The procurement is not divided into lots. Published statistics on patient injuries are available at www.pvk.fi.

Description

The purpose of this call for tenders is to request tenders for excess of loss reinsurance contract for the year 2027 (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. The procurement has not been divided into lots, as the subject matter forms a natural and coherent whole. Dividing the procurement into separate lots would complicate the implementation and administration of the procurement.

Bid or no-bid?

Six questions before you commit a team. Under each one, what the register holds on it. The answers are yours.

  1. In your favour:

    Do we meet every eligibility criterion?

    Open procedure: any interested supplier may submit a bid.

    Above the EU threshold: open to companies from any EU country.

  2. Your call:

    Can we deliver this with the team we have?

    The register holds nothing on this. The official documents will.

  3. Your call:

    Do we have two comparable references?

    Comparable work is in Financial & insurance services.

  4. In your favour:

    Is the deadline realistic for a proper offer?

    30 days left, 22 of them working days.

  5. Your call:

    Is there a margin at the likely winning price?

    In this country this kind of contract is usually awarded for between €203,280 and €1.4M.

  6. Your call:

    Do we know this buyer?

    The buyer has 2 notices in the register and no pattern of winners yet.

Can I bid?

  • Open procedure: any interested supplier may submit a bid. Above the EU threshold: open to companies from any EU country.
  • 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) 5 hours ago

View the official notice

What this market pays

The buyer has too few awards of its own in this sector, so this is the range of the last 72 awards for Financial & insurance services in Finland.

Median award
€490,382
Middle half of past awards
€203,280 to €1.4M

TED - Tenders Electronic Daily (Publications Office of the EU) publishes no value for this notice, so it has no mark on the scale. The official documents may state one.

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 profile

Finnish Mutual Patient Insurance Company

Finland

notices in the register
2

This buyer has no award history in this sector yet. Usual winners, Financial & insurance services - Finland

Company Wins Total awarded Last win
Pohjola Vakuutus Oy 16 €64.2M Oct 2026
Lähitapiola Keskinäinen Vakuutusyhtiö 10 €5.6M Sep 2026
Keskinäinen Vakuutusyhtiö Fennia 7 €21.1M Apr 2026
If Vahinkovakuutus Oy 7 €2.5M Sep 2026
LähiTapiola Keskinäinen Vakuutusyhtiö; If Vahinkovakuutus Oy 3 €1.4M Sep 2026

Based on 78 awards with a linked company profile over the last 2 years.

Market context

TED - Tenders Electronic Daily (Publications Office of the EU) publishes no value for this notice, so it cannot be placed among the open notices of its sector. The official documents may state one.

open now in Financial & insurance services
3,315
median open notice
€450,000

Who wins in this market

Moderately concentrated

Finland · Financial & insurance services

different companies won awards here
35
of the awards went to the three most frequent winners
42%
buyers awarded contracts here
76

Based on 78 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.

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