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Insurance brokering services

Part of: Construction Finance All-of-Government

The All-of-Government insurance brokering services contract has a panel of 7 insurance brokering providers covering brokering of insurance policy types and a wide range of brokering advisory services.

Key details

Status

Current View dates

Type

All-of-Government

Lead agency

Ministry of Business, Innovation and Employment

What’s covered

This contract provides an agency with access to a panel of providers who source insurance policies on the agency’s behalf from both national and international insurance markets.

Providers also give tailored advice for managing a wide range of risks and related brokering services. The following areas of insurance brokering services are included:

  • brokering and risk financing services
  • crisis management services
  • risk management including risk assessment
  • assistance in development of policies and procedures
  • claims management
  • insurance related training and education
  • business continuity management
  • environmental risk assessment and management
  • expert incident investigation
  • general statutory compliance monitoring and reporting
  • integrated risk management framework
  • loss modelling services
  • insurance valuation services
  • managed funds and/or self-insurance
  • third-party claims administration
  • asset management services.

The contract also covers brokering of policy types, including:

  • crime insurance
  • directors and officers liability insurance
  • employers’ liability insurance
  • fine arts insurance
  • forest insurance
  • marine hull insurance
  • marine transit insurance
  • professional indemnity insurance
  • statutory fines and penalties liability insurance
  • contract works insurance
  • material damage insurance
  • business interruption insurance
  • public liability insurance
  • cyber insurance
  • international travel insurance
  • motor vehicle insurance
  • personal accident insurance
  • parametric insurance
  • any other insurable risks.

What’s not covered

The following are out of the scope of this contract:

  • Provision of insurance products (the contract applies to insurance broker providers only).
  • Employee benefits insurance.

How it works

There are 7 providers on the All-of-Government (AoG) insurance brokering services (IB) panel. Each offers different services, and you can use any provider on the panel who offers the ones you need. Your agency may select specific providers to deliver services at their discretion.

You can select providers on the basis of expertise, quality, capability, capacity, price and public value. You can also select providers based on performance data during the contract term, or by an alternative secondary selection process which your agency considers appropriate.

Procure Connect and insurance brokering services

The AoG insurance brokering services contract uses Procure Connect for all procurement processes. While using this tool, contracts are referred to as panels.

Procure Connect

If you already have an account on Procure Connect, you can navigate to the tool to begin the process. You can contact your account manager if you have any questions about the tool.

Features and benefits

This contract offers:

  • access to a range of quality providers throughout New Zealand, with strong international insurer relationships
  • pricing transparency on brokering services fees with provider hourly Rate Cards
  • competitive rates and negotiated hourly brokering services rates, resulting in material savings compared to market rates
  • continuous performance management and improved provider performance data, based on agency responses to regular provider performance surveys, which will help inform agencies’ selection of providers when conducting secondary procurement processes
  • access to market-leading commercial terms and conditions
  • access to market-leading risk management technologies and innovative approaches to risk management.

Value-add services

Value-add services are offered free of charge by panel providers to participating agencies. You can ask a provider to supply some or all of the value-add services they offer.

Value-add services may include:

  • dedicated risk management upskilling opportunities
  • guidance documentations
  • regular insurance market updates
  • claims hotlines.

Savings

Agencies who participate in the IB contract don't need to go through a full procurement process of their own, which saves time, effort and cost. It saves participating agencies an average of 17% on brokering fees.

Cost recovery

Most AoG contracts include an administration fee. This fee is a simple, effective and transparent way of recovering the cost of developing, sourcing, implementing and managing AoG contracts.

Rates in this contract include an administration fee of 1.5% of the insurance brokering services (which do not include insurance policy premium payments) invoiced by a provider (excluding GST and government levies).

Providers collect the administration fee and pass it on to the Ministry of Business, Innovation and Employment (MBIE). Agencies don't need to make any payments to MBIE themselves.

Dates and renewal details

Start date:
Current term end date:
Contract Terms:
4 years + 2 right of renewal of (3 and 2) years.
Renewals left: 2

Joining this contract

To purchase from this contract, your agency or school first needs to join.

If this is the first AoG contract your agency or school is joining, you’ll need to:

  • check if you’re eligible to join
  • sign a non-disclosure agreement
  • create a RealMe login (to access the joining documents below).

Find more detail on these three steps at ‘Joining AoG contracts’.

Joining AoG contracts

Once you have completed this process, or if you’ve joined AoG contracts before, the next step is to read the Memorandum of Understanding (MoU) for the Insurance brokering services contract.

If your agency agrees to the terms of the MoU, sign and submit the online joining form or joining letter PDF. These documents are in the Joining documents section below. You need an agency login to access it.

Once we receive your joining form, we’ll be in touch to confirm that your agency or school is participating in the contract.

You can then purchase insurance brokering services using this contract.

Joining documents

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Commercially sensitive content

This section contains information which may be commercially sensitive and should not be shared publicly.

To view this content, you must be logged in, approved for secure content access, and your agency must be signed up to the contract. 

For assistance, please contact nzgppsystems@mbie.govt.nz 

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Roles and responsibilities

Each participant has responsibilities they must meet as part of this contract.

Roles and responsibilities

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