Independent Internal Model Validation Services

Concepts

• finance and insurance
• reinsurance services
• provision of independent validation services
• validation
• independent internal model validation services
• current scope of the model
• number of these validation exercises
• flood re
• flood re’s risk team
• early stages of imap

Location

London

Description

Flood Re requires the provision of independent validation services for the next phase of PIM development and validation. The scope and structure of the PIM developed in the early stages of IMAP, with the current scope of the model having been settled since 2017. Flood Re’s Risk Team have been supported by third parties for a number of these validation exercises, and this Procurement seeks to select a 3rd party partner for [at least] the next four years of Independent Validation activity

Renewal Options

12 months

Award Criteria

CPV Codes

• 66000000 - Financial and insurance services
• 66700000 - Reinsurance services

Indicators

• Bids should cover the whole contract.
• Renewals are available.
• Award on basis of price.

Other Information

(MT Ref:226171)