Source: https://tendernation.io/opportunities/01a13bb9-eca0-7023-aa20-bc5d74030e01/closed-insurance-estates-preliminary-market-engagement pending GB open procedure # Closed Insurance Estates Preliminary Market Engagement [Financial Services Compensation Scheme](https://tendernation.io/buyers/financial-services-compensation-scheme) Estimated value Not stated Published 13 May 2025 Deadline Rolling deadline ## Who can bid - Open procedure Anyone can submit a full tender; there is no shortlisting stage. ## About this tender FSCS is the United Kingdom’s statutory fund of last resort for customers of financial services firms and this market sounding is specific to general insurance, FSCS may pay compensation where it is satisfied that an eligible claimant has a protected indemnity claim against an authorised insurer who is in default. In the event of an insurer failure, primary responsibility for claims handling rests with the court appointed Insolvency Practitioner. Often the period required to resolve the failed insurer’s insurance liabilities extends beyond the conclusion of any insolvency proceedings, at which point the Insolvency Practitioner is no longer appointed. This is particularly the case with ‘long-tail’ liabilities. In these circumstances, FSCS takes on responsibility for managing the claims run-off. Long-tail liabilities commonly reference chronic industrial diseases and illnesses (e.g., noise induced hearing loss, asbestosis, and mesothelioma) caused by an employee’s exposure to a hazardous working environment. Industrial disease and illness claims are technically complex to manage and present significant service, reputational and financial risks for FSCS should errors occur in the claims handling process. FSCS currently manages claims for a number of closed insurance estates. Due to the presence of asbestos related claims these insurance estates are expected to continue in run-off for the next c.20 years (based on data published by the Institute and Faculty of Actuaries, UK Asbestos Working Party update, September 2019). There is also the potential for FSCS to directly manage the run-off of other claims types including complex structural building defect claims and 3rd party motor injury claims. For more information about this opportunity, please visit the Delta eSourcing portal at: [delta-esourcing.com](https://www.delta-esourcing.com/tenders/UK-title/VYBUYWV847) To respond to this opportunity, please click here: [delta-esourcing.com/respond/VYBUYWV847](https://www.delta-esourcing.com/respond/VYBUYWV847) Read full description ## CPV classification Financial and insurance services Insurance and pension services Insurance services Accident and health insurance services Accident insurance services Health insurance services Source Find a Tender (UK) · Notice ocds-h6vhtk-0511ad-2025-05-13T10:05:24+01:00 [View official notice](https://www.find-tender.service.gov.uk/Notice/ocds-h6vhtk-0511ad-2025-05-13T10:05:24+01:00) Never miss a tender like this again Get AI summaries, deadline alerts and a bid pipeline for tenders matched to your business. Free to start. 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