How to win: Insurance Brokerage Request for Information and Early market engagement

About this contract

The National Wealth Fund (NWF) is looking to conduct Early Market engagement with Insurance Brokers in order to understand the market and help shape a future Procurement activity to put in place a contract for insurance brokerage services and subsequently award Insurance policies in a manner that is compliant with the Procurement Act 2023 (PA2023). NWF currently provides Life insurance and Income protection as a benefit to all its employees, with the fund putting in place group policies for both benefits via an insurance broker contract. NWF is looking to understand Brokers ability to undertake market reviews and subsequently award policies in line with the Procurement Act and what, if any, additional support/activity suppliers may require from NWF in order to place these compliantly. British Business Bank (BBB) may also be included as a service recipient to any brokerage contract awarded, to allow them to utilise any contract to undertake placement of policies they may require. Please note, the Total contract value stated reflects the NWF's estimated brokerage fees only. If BBB is included as a service recipient in a future procurement then the Total contract value will be higher

How to win contracts like this

• ✓Answer against the marking scheme, not the question text — National Wealth Fund Limited scores each response, so map your evidence to the published criteria and weightings.
• ✓At £100,000, expect quality and social value to carry a large share of the score — price alone rarely wins services work.
• ✓Show recent, comparable delivery: name similar services contracts you've delivered for public bodies, with measurable outcomes.
• ✓Start early: deadlines are tight and a strong bid takes iteration.

BidWriter drafts your responses from your company profile, scores them against the marking scheme, and tracks your whole pipeline. Free to start — no card needed.

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