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TED - Tenders Electronic Daily (Publications Office of the EU) verified 1 day ago Contract award

Luxembourg - Insurance services - CFT-1735 Provision of Insurance Brokerage Services for the EIB Group

Awarded Luxembourg Financial & insurance services

Buyer European Investment Bank

€17.0M estimated value · €17,000,000

Key facts

Awarded
Procedure
Open procedure
  1. Awarded
  2. Published
  3. Contract ends, estimated July 2028
View the official notice Watch this tender

This contract runs about 48 months, so it is back on the market around July 2028. Log in

Awarded to

Marsh S.A.

Award date
Winner's country
Belgium
Record with this buyer
1 first contract from this buyer in the register
Back on the market
Jul 2028 How we know

When this contract comes back

estimated from the stated duration

This contract runs about 48 months, so it is back on the market around July 2028.

Every contract expiring, on the radar

Description

The objective of this call for tender is to award a Framework Agreement to a successful tenderer for the provisions of insurance brokerage services for both EIB and EIF. Lot 1 will encompass the following services: • Arranging for quotations for the following insurance policies with regard to the EIB Group’s risks: - Directors & Officers liability insurances - EIB & EIF, - Employment Practices Liability - EIB & EIF, - Professional Indemnity and Crime/Fraud - EIB and EIF, - Civil Liability - EIB and EIF, - Art pieces insurance - EIB, - Luggage insurance - EIB and EIF, - Travel Insurance for Governing Bodies members - EIB & EIF, - Governing Bodies travel insurance - EIB & EIF, - Cybersecurity insurance - EIB and EIF, • Advising and supporting on claim submissions under the above-mentioned insurance policies in force. • Continuous management of the EIB Group’s insurance policies and monitoring the insurance market in view of advising on ancillary insurance policies (from the list mentioned above) that could be considered as beneficial for the EIB Group, according to its demands, needs and budget availability. Lot 2 will encompass the following services: • Arranging for quotations for the following insurance policies with regards to the EIB Group’s risks: - Medical expenses during mission or when posted outside the EU - EIB & EIF - Death, funeral and loan insurance - EIB & EIF - Occupational health and work-related diseases insurance - EIB & EIF • Advising and supporting on claim submissions under the above-mentioned insurance policies in force. • Continuous management of the EIB Group’s insurance policies and monitoring the insurance market in view of advising on ancillary insurance policies (from the list mentioned above) that could be considered as beneficial for the EIB Group, according to its demands, needs and budget availability.

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) 1 day 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 11 awards for Financial & insurance services in Luxembourg.

This notice
€17.0M
Median award
€440,000
Middle half of past awards
€257,742 to €1.2M

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 profile

European Investment Bank

Luxembourg

notices in the register
149
awards
55
awarded in total
€492.6M

Who wins its contracts

Many suppliers
different companies won its awards
49
of the awards went to the three most frequent winners
6%
of its calls state an estimated value
99%

Based on 49 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)
5.1
of those lots received a single tender
13%
of the awards went to companies based in another country
56%

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.

One dot per award, on the day it was signed, sized by its value. A ring is an award with no published value.

Recent awards

7 open tenders right now

Market context

open now in Financial & insurance services
3,343
median open notice
€462,000

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