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    Property Damage and Business Interruption Insurance 2026

    Turun Seudun Energiantuotanto Oy

    Property Damage and Business Interruption Insurance 2026

    1. Competition notice published

      Jun 18, 2025 4:30 AMJune 18, 2025 4:30 AM

    2. Supplier selection

      Nov 17, 2025 12:00 AMNovember 17, 2025 12:00 AM

    3. Contract signed

      Dec 23, 2025 12:00 AMDecember 23, 2025 12:00 AM

    4. Contract start date

      Jan 1, 12:00 AMJanuary 1, 2026 12:00 AM

    5. Result notice published

      Jan 7, 7:38 AMJanuary 7, 2026 7:38 AM

    6. Contract end date

      Dec 31, 2029 12:00 AMDecember 31, 2029 12:00 AM

    Brief

    Finland: Tenders/Turun Seudun Energiantuotanto Oy/Property Damage and Business Interruption Insurance 2026

    Awarded

    The competition has ended and a winner has been selected.

    Qualification deadline
    Jan 6,Expired
    Procedure
    With negotiationTwo stages
    Agreement
    Buying servicesuntil Dec 2029

    Brief

    Turun Seudun Energiantuotanto Oy on inngått en avtale med XL Insurance Company SE, Svensk filial, QBE Europe SA/NV, Sweden Branch, Pohjola Vakuutus Oy, If Vahinkovakuutus Oyj, Suomen sivuliike og Zurich Insurance Europe AG, Finland branch om å levere skade- og avbruddsforsikring for selskapets anlegg i Naantali, Oriketo og Kakola. Avtalen har en varighet på 1+1+1+1 år, med en total verdi på 4 771 772 euro. Forsikringen dekker eiendomsskade og forretningsavbrudd, med et tapstak på 250 000 000 euro per skade, en egenandel på 500 000 euro for eiendomsskade og en egenandel på 3 000 000 euro med 30 dagers ventetid for forretningsavbrudd. Det var 5 leverandører som deltok i konkurransen.

    Forsikringstjenester

    Result

    TED
    • If Vahinkovakuutus Oyj, Suomen sivuliike
      Winner
    • Pohjola Vakuutus Oy
      Winner
    • QBE Europe SA/NV, Sweden Branch
      Winner
    • XL Insurance Company SE, Svensk filial
      Winner
    • Zurich Insurance Europe AG, Finland branch
      Winner
    • Number of bids
      5
    • Contract value
      €4,771,772

    Custom Assessment Criteria

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    Award Criteria

    • Description

      The final winning tender(s) shall be selected merely based on the lowest premiums quoted for the combination of both lead and follow positions, calculated on gross basis incl. taxes and any other fees, as a sum of property damage and business interruption insurance. The tenderer fill in the Appendix 5 for the selected share of the risk both in the lead and follow position or merely in the follow position and respective annual premiums and premium rates on 100 % basis, both gross and net basis for the price evaluation separately for property damage premium and business interruption and upload it along with the tender in Cloudia Tarjouspalvelu. The applicants who are tendering the lead position shall quote also the follow position. The lead quote share of risk must be at minimum 40 % and the follow quote share of risk must be provided between 10 % and 40 %.The applicants shall not quote only a lead position but can quote only a follow position. The applicants who are providing merely the follow quote must provide minimum 5 % share of the risk and maximum 40 % of the risk. The procurement unit reserves the right to adjust the quoted shares in order to obtain capacity for 100 % risk placement on the lowest premium, however not adjusting any individual share to exceed the max. share quoted by the respective applicant. In case 100 % capacity cannot be obtained on the agreed terms and conditions as per the negotiations in phase 2, the procurement unit reserves the right to cancel the procurement or place the risk based on the highest available capacity on the lowest price. For avoidance of doubt the form of the insurance placement shall not be subject to this public tender and can be in the form of reinsurance, co-insurance or co/re-insurance. Appendix 8 – Example of the selection criteria is attached to this request for quotation, illustrating the comparative calculation of fictitious quotations.

      Evaluation Method

      The final winning tender(s) shall be selected merely based on the lowest premiums quoted for the combination of both lead and follow positions, calculated on gross basis incl. taxes and any other fees, as a sum of property damage and business interruption insurance.

      Source

      No source found in the documents. Check the weight against the tender documents.

    Previous winners

    • Who are you up against?

      The suppliers who have won similar contracts at Turun Seudun Energiantuotanto Oy

    From the notice

    • We are pleased to invite you to participate in the public tender in respect of the Property Damage and Business Interruption Insurance for Turun Seudun Energiantuotanto Oy, hereinafter called TSE. The insurance to be purchased covers the following TSE owned facilities: - Naantali 1, Naantali 2 and Naantali 3 decomissioned power plants (buildings to be insured on new replacement value basis, machinery to be insured on debris removal value basis) - Naantali CHP 4 power plant (All Risks Property Damage and Business Interruption Insurance) - Oriketo heating plant (All Risks Property Damage and Business Interruption Insurance) - Kakola pump station (All Risks Property Damage and Business Interruption Insurance). The content of the procurement is presented in more detail in "Appendix 1 - UW Submission TSE 2026 PDBI Insurance_v2_20250616" and "Appendix 2 - DRAFT PD AND BI Insurance 2026_TSE_v1_20250508”. The All Risks Property Damage and Business Interruption Insurance is purchased as valid in the form of “1+1+1+1” years. The first Policy Period is from 1.1.2026 to 31.12.2026 and to be renewed annually January 1st. This submission includes a great deal of underwriting information and analysis. We believe the information to be reasonable portrayal of the risks included in this insurance placement. However, participating insurers/reinsurers agree that the submission should be viewed as general information only and nothing in the submission is a condition or warranty or statement of material fact. The risk survey report of TSE, loss statistics and the schedule of sums insured for the insured locations will be shared with the qualified applicants only. The procurement is conducted on negotiation basis and the valid regulations for public procurement of utilities sector legislation are followed.Main features of the procedureThe Phases of the Public Procurement This public procurement exceeds the EU procurement threshold value. The procurement is conducted on negotiation basis and the valid regulations for public procurement of utilities sector legislation are followed. Phase 1) – Invitation to submit your application to participate in the public tender This invitation to participate in the public tender has been drawn up to serve as a basis for procurement negotiations. Qualification criteria for the phase 1) is described in the ESPD form and Invitation to participate . In order to avoid any misunderstandings TSE wishes to emphasize that the aim of this invitation is only to submit your applications without providing any binding tenders with pricing or other information regarding the terms and conditions. Phase 2) – Negotiations Invitations to the negotiations shall be sent to the qualified applicants who have qualified themselves to the qualification criteria as defined in the ESPD form and Invitation to participate and who have submitted their applications in the requested time, to participate in the public tender. In the negotiation phase you are requested to give: a) your desired share of the risk for the lead position and follow position in TSE’s property insurance or; b) your desired share of the risk for the follow position in TSE's property insurance; c) your initial premium and premium rate indications for the lead and/or follow position (on 100 % basis); d) your comments on the specifications of coverage as stated in the Appendix 2 - DRAFT PD AND BI Insurance 2026_TSE_v1_20250508. If you are unable to meet the requirements in accordance with the specifications stated in the Appendix 2, we request that you explicitly state this during the negotiations. TSE reserves the right to utilize material received from the candidates during the negotiations and reserves the right to accept or deny the proposed amendments/exclusion in the terms and conditions. All changes will be communicated to the applicants. Any comments to premiums or premium rates or share of the risk will not be shared with the applicants. Tentative minimum requirements of the final tender are as follows: a) Quoted lead share and quoted follow share of the risk or quoted follow share of the risk; b) Loss limit EUR 250 000 000 each and every loss combined Property Damage and Business Interruption; c) Sublimit for the specified named suppliers/receivers as stated in the Appendix 2; d) Deductible – Property Damage EUR 500 000 each and every loss; e) Deductible – Business Interruption: Waiting period 30 days and minimum EUR 3,000,000 per each and every loss. Phase 3) – Final invitation to the public tender In the final tender phase you will be invited to submit your binding tender subject to the specifications of coverage as set in the negotiations in phase 2). The final winning tender(s) shall be selected merely based on lowest premiums quoted for the combination of both lead and follow positions, calculated on gross basis incl. taxes and any other fees, as a sum of property damage and business interruption insurance.

    • Contact

      Willis Towers Watson Oy / Teemu Paavonenteemu.paavonen@wtwco.com
    • Type
      Result · Prequalification
    • Location
      Varsinais-Suomi
    • Main code
      Damage or loss insurance services
      66515000

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