The Government Procurement Service (GPS) has launched the first national public sector procurement framework for insurance services alongside a buying consortium.

The GPS alongside buying consortium Pro5 have entered into a four-year agreement worth £850 million. The framework is designed to allow public sector departments to have easy access to insurers, without length procurement times and avoiding duplication.

Over 40 insurers are available through the framework with services available including brokerage services, insurance underwriting, claims and risk management.

David Pyle, insurance category lead at GPS: “This is a relatively new area for many suppliers who are looking to expand the scope of their services into the public sector. We have collaborated with Pro5, the insurance market and our customers to deliver not only the first, but the best possible competitive and value-for-money solution for all concerned.”

Paul Smith, director Pro5, said of the framework: “The demand was there, but surprisingly nothing was already in place. Now, with the ability to buy insurance services under a single agreement, it will help public sector bodies reach their efficiency and financial savings targets”.

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