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    Reinsurance services

    Finnish Mutual Patient Insurance Company

    Reinsurance services

    1. Result notice published

      Dec 5, 10:00 AMDecember 5, 2022 10:00 AM

    Brief

    Finland: Tenders/Finnish Mutual Patient Insurance Company/Reinsurance services

    Cancelled

    The competition has been cancelled.

    Brief

    The purpose of this call for tenders is to request tenders for excess of loss reinsurance contract for the year 2023 (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.

    Result

    Reason for cancellation
    Alle tilbud, forespørsler å delta eller prosjekter ble trukket tilbake eller funnet inadmissible
    Number of bids
    0
    Contract value
    Not stated

    About the bid

      The purpose of this call for tenders is to request tenders for excess of loss reinsurance contract for the year 2023 (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.

      Contact name
      Kerttu Varvia /Sansia Oy
      Contact phone
      +358 447182998
      Contact email
      kerttu.varvia@sansia.fi

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    Award Criteria

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    See the full notice

    Contracting authority
    Finnish Mutual Patient Insurance Company
    Title
    Reinsurance services
    Type
    ResultPrequalification
    Main code
    66700000Reinsurance services
    Supplemental codes

    No supplemental codes from buyer…

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