2019/20 Infrastructure insurance contract
BOPLASS represented a collective group of councils in negotiations for placement of councils’ infrastructure insurance into the London markets. Although faced with a hardening insurance market BOPLASS councils were able to achieve particularly good outcomes as a result of our existing underwriter relationships and an established history within the London insurance markets. This was supported by accurate loss modelling information, asset valuations, and risk quantification data, all of which have become essential information in securing appropriate and competitively priced insurance. A new contract was established with a mix of Lloyds’ syndicates. The collective contract provides significant savings for all councils.
22 October 2019