NEPO in collaboration with YPO and ESPO have created a compliant and efficient route to procuring insurance cover.  Following market research and engagement two separate contractual arrangements have been developed:

• Insurance Placement Dynamic Purchasing System ll: this solution will provide access to pre-qualified insurance providers offering provision of all classes of insurance.
• Insurance Brokerage II (see below): this solution allows direct comparison of each insurance broker and for the appointment of one chosen insurance broker to represent the contracting authority on all matters relating to insurance.

The Insurance Brokerage II solution allows for a direct award of the contract to the chosen insurance broker, or facilitates a benchmarking exercise to identify brokers’ knowledge and market strengths. 

An insurance broker can deliver a range of benefits to your organisation:

• access to insurance expertise and knowledge
• achieves maximum value for money in insurance programme design
• ability to service all areas of the business including placement of niche and specialist covers
• supports your disclosure of material information
• access to consultancy advice on diverse range of risks and issues relating to insurance
• advice provided on new risks and coverage required, value added solutions and innovation

A broker is your gateway to the insurance market and in collaboration with YPO, NEPO will actively support customers in the process of appointing an insurance broker.