CIPFA Insurance Networks recent series of workshops reviewed the strategic and practical factors relating to the procurement of insurance contracts.
The events demonstrated a direct correlation between strategy and the procurement process and the resulting consequences further down the line, in terms of the outcome of the procurement, and the unintended liabilities that may be left behind. There was an emphasis on exploring the structure of the insurance market, and how a lack of transparency can prevent public bodies getting the best insurance arrangements available; along with advice on how to bring transparency to the process and in doing so, generate more competition.
A summary of updated legal changes which affect the procurement of insurance specifically were also provided.
The materials are now available to download below:
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