Tender Management & Program Review

See how your current insurance strategy stands up to critical analysis.

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The insurance landscape is constantly changing. It’s essential to check if your current insurance is still the best fit for your organisation – and you don’t need to switch from your current broker to find out.

Testimonial(s)
“It had been some years since Spark did a full review of not only its insurance broker but captive manager and policies. We wanted to ensure we were working with the best and that our policies were best in class and fit for purpose given the transformation of our business over time towards more digital services.

(TLP offered us an) independent review conducted by specialists in the insurance field which is a very unique industry. (Their) independence and the fact we got a full summarised report, score cards and that TLP took care of the work (was a great benefit). It was also great having TLP participate in the presentations to facilitate them but also ask questions".

Chante Mueller
Head of Investor Relations & Assistant Treasurer
Spark NZ
"TLP's tender process was extremely successful. We managed to achieve material cost savings as well as an insurance programme that better reflected our risk profile. This provided a new level of confidence in our broker's services at Management and Board level, which was appreciated.

We were particularly impressed with how smoothly the process was managed with TLP doing the heavy lifting. They were professional throughout, the reporting was thorough and their understanding of the insurance broker market is excellent."
Lindis Jones
CFO
Z Energy
Testimonial(s)
“It had been some years since Spark did a full review of not only its insurance broker but captive manager and policies. We wanted to ensure we were working with the best and that our policies were best in class and fit for purpose given the transformation of our business over time towards more digital services.

(TLP offered us an) independent review conducted by specialists in the insurance field which is a very unique industry. (Their) independence and the fact we got a full summarised report, score cards and that TLP took care of the work (was a great benefit). It was also great having TLP participate in the presentations to facilitate them but also ask questions".

Chante Mueller
Head of Investor Relations & Assistant Treasurer
Spark NZ
"TLP's tender process was extremely successful. We managed to achieve material cost savings as well as an insurance programme that better reflected our risk profile. This provided a new level of confidence in our broker's services at Management and Board level, which was appreciated.

We were particularly impressed with how smoothly the process was managed with TLP doing the heavy lifting. They were professional throughout, the reporting was thorough and their understanding of the insurance broker market is excellent."
Lindis Jones
CFO
Z Energy

Good brokers make a habit of tracking the latest trends and activity in the marketplace. All brokers are different; some have a wealth of resources and capabilities across multiple disciplines, others specialise in particular industries or have specific areas of expertise.

Tap into their expertise with our Statement of Capability tender management service. It allows you to compare responses from multiple insurance brokers at the same time, to assess the suitability of their different insurance strategies.

Statement of Capability Process
Our company insurance tender management service is comprehensive. Conveniently, it can run with your incumbent broker still in place. If you aren’t satisfied with your broker’s performance, have questions about your current insurance strategies, are seeking better ways to manage your costs, or simply wanting to gauge the overall efficiency of your existing arrangements, this process will give you the clarity you’re looking for.

Key benefits:

  • Allows you to capitalise on the knowledge, data, resources, and technical input of the most suitably qualified brokers in the market.
  • No need to change from your incumbent broker/advisor to benefit from the process. Many clients choose to reappoint their incumbent broker and still achieve the goals they set out to accomplish.
  • Delivers a clear snapshot of the pros and cons of your current insurance policies, and identifies opportunities to correct any newly discovered deficiencies in cover and secure better policy conditions.
  • Generates competitive tension in an open and transparent environment to maximise your chances to secure the best possible financial outcomes.
  • Enhances broker service and performance.
  • 100% flexible. Can be tailored to meet your individual needs and core specifications.
  • An excellent corporate governance exercise that demonstrates to shareholders, board members and senior executives that proper due diligence has been carried out in managing the company's insurable risks.

This tried and tested process ensures you are getting real value for money and making the best use of your insurance capital. We manage the entire process from start to finish, allowing you to focus on your core responsibilities and duties.

We have managed over 200 tender projects on behalf of organisations eager to test their insurance arrangements. Find out how we can help you as well.

More Core Business Services

Policy Wording Review
Learn how effective the exact wording of your insurance policies really is.
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Benchmarking Studies
Discover how your organisation’s cover compares to your peers and competitors.
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