UKEF Overseas Investment Insurance (OII) Product Development

Published date: 10 December 2024

Contract summary

Industry

Financial and insurance services - 66000000

Location of contract

United Kingdom

Procurement reference

UKEF1377

Published date

10 December 2024

Closing date

17 December 2024

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

Yes

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Description

Overseas Investment Insurance (OII) is UK Export Finance's (UKEF) political risk insurance product. The product is designed to enable UK-based investors to insure their overseas enterprise against losses caused by political risks in the host country, and is only available where insurance cannot be obtained from the private sector. After a period of limited OII enquiries and no new deals underwritten for several years, UKEF is seeking input from a political risk insurance expert to work with UKEF's product development team to refresh OII. This would involve:

• providing options / recommendations on Policy coverage wording (including explaining the consequences of including/excluding certain coverage)
• producing written materials (such as guides or checklists) on how to underwrite OII proposals and handle claims
• producing and giving training to generalist and specialist staff
• providing any other advice or guidance that would allow staff to underwrite, risk assess, renew, pay claims on and make recoveries on OII Policies

An opportunity to learn more about UKEF's requirements will be held in the next few weeks. If you are interested in supplying this service to UKEF, please email Commercial@ukexportfinance.gov.uk

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How to apply

Follow the instructions given in the description or the more information section.

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About the buyer

Contact name

Commercial

Address

1 Horse Guards Road
LONDON
SW1A2HQ
England

Email

Commercial@ukexportfinance.gov.uk

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