Provision of Worldwide All Risks Insurance Scheme to FCDO

Awarded 31 Mar 2024

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Awarded31 Mar 2024
Value£1,125,000.00
RegionLondon
CategoryFinance & Insurance
Expires in 2y 5mo5y term, 52% elapsed
Awarded 31 Mar 2024Expires 30 Mar 2029

The Foreign Commonwealth and Development Office awarded a contract to Marsh Limited for the provision of a Worldwide All Risks (WWAR) Insurance Scheme.

The contract, valued at £1,125,000, covers personal effects and personal liability insurance, personal accident insurance for spouses/registered unmarried partners, and marine transit insurance for UKB personal vehicles.

The scheme operates under a bespoke self-fund hybrid model, where staff contribute one-third of the premium and the FCDO covers the remaining two-thirds.

The supplier administers the policy and collects staff contributions, with FCDO contributions used to top up a claims pot.

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