How to bid in this country: portals, deadlines, thresholds →
Reinsurance services
Your path to submission
- Deadline: 4 November at 10:00 — 3 days left.
- You submit on Hilma — not here and not by e-mail. ↗
- Offer and evidence in: English.
- Collect your evidence — the eligibility requirements are listed on this page; for many of them the analysis explains how to obtain them.
What the buyer is looking for
The purpose of this call for tenders is to request tenders for excess of loss reinsurance contract for the year 2027 (1 January through 31 December, both days included), on Losses Occurring During basis. The purpose of the contract is to indemnify the contracting authority for all losses sustained under its Patient Insurance portfolio, written in Finland in accordance with the Finnish Patient Insurance Act (Potilasvakuutuslaki, 948/2019). The Finnish Patient Insurance Centre publishes statistical data on patient injuries subject to the Patient Insurance Act, available at: www.pvk.fi. According to information available to FMPIC’s, patient injuries have never been covered by reinsurance contracts in Finland. Tenderers may submit their tenders only as a consortium, comprising of at least three (3) members that are reinsurance carriers underwriting a share of the reinsurance. Each member of…
Show full description
… the consortium must underwrite at least five (5) per cent and no more than 50 per cent of the reinsurance, so that the reinsurance amounts to 100 per cent in total. This is necessary in order to minimize and manage the counterparty risks (Solvency II) related to the reinsurance in a cost-effective manner, considering the nature of the procurement as well as FMPIC’s operations and insurance portfolio. The contract shall have three (3) renewal periods if every member of the consortium agrees to it. The procurement has not been divided into lots, as the subject matter forms a natural and coherent whole. Dividing the procurement into separate lots would complicate the implementation and administration of the procurement.
Contract
Type of service
Clement What the numbers say about this buyer
- 62% of awards went to companies from abroad (13 awards with a known winner country). Sector average: 2%.n = 13
- In this sector the buyer awards roughly every 12 months (3 awards, most recently January 2023) — by that rhythm the next award was due around January 2024. The last award went to Hannover Rück SE, Swedish Branch (529900KIN5BE45V5KB18)//Everest Reinsurance Company (Ireland) DAC, Zurich Branch (635400N7PMGBKMLM7Y30)//Deutsche Rückversicherung Schweiz AG (391200MJS1VRSLNOYA26)//S.n = 3
- 8% of this buyer's awards went to companies that had already won here before (13 awards since 2020, spread over 3 companies). That is well below the sector norm (34%) — this buyer switches suppliers more often than others.n = 13 awards since 2020
- The median procedure drew just one bid (10 procedures with a bid count); 60% ended with a single bidder. Sector: median 3 bids.n = 10
From this buyer's documented awards; comparison values from the same sector and country. Not a forecast, not legal advice. As of 01/11/2026.
Selection criteria — via the ESPD
The buyer states in the notice that eligibility is proven through the European Single Procurement Document (ESPD); the concrete requirements are in the tender documents. The document analysis below extracts them from there — bid and evidence in English.
Tender documents — direct download
Who has won at this buyer so far
Across all contract types of this buyer — not just this sector. A city buys software and fire engines through the same purchasing office.
| Company | Awards | Period |
|---|---|---|
| Hannover Rück SE, Swedish Branch (529900KIN5BE45V5KB18)//Everest Reinsurance Company (Ireland) DAC, Zurich Branch (635400N7PMGBKMLM7Y30)//Deutsche Rückversicherung Schweiz AG | 2 | 2021–2022 |
| iFACTS AB | 1 | 2022 |
| Actuo | 1 | 2026 |
How often this buyer tenders this kind of work
Tactics
When this buyer has awarded in this sector, there was usually a single bid in the end. A solid bid has a real chance here. (Based on 3 completed awards — not a statement about this procedure.)
This procedure allows 29 days between publication and deadline — typical in this country is 32 (median of 1,471 procedures). A normal window for this market.
Foreign bidders
In Finland · Financial & insurance services, 8 contracts went to foreign companies over the last 3 years (of 742 recorded awards).
Submission language: English.
How to bid
Don't miss the next one
Friedrich finds tenders like this for you — every morning at 7:30, each one checked by Claude (Anthropic) for fit, and he learns from your feedback what your company really does.
Register now