Loss Tenders

The Department of Treasury and Finance is seeking a panel of loss adjusters to investigate insurance claims across various classes including property, liability, and motor vehicle. Multiple service providers are expected to be appointed. The contract term is perpetual, with a review every 4 years. Specification documents are available for download upon login.

The Queensland Government Insurance Fund (QGIF) is seeking experienced reinsurance brokers to advise on, structure, place, and manage its reinsurance programs. This service is crucial for the state's risk transfer strategy, protecting against major catastrophic losses and significant liability exposures. Key responsibilities include natural hazard modelling, market advisory services, placement of reinsurance covers, and claims recoveries management. The objective is to secure cost-effective and appropriate reinsurance protection for the state's insured assets and liabilities, ensuring financial resilience and stability. Mandatory requirements for suppliers include experience in managing government programs with property asset exposures above $50 billion, holding an Australian Financial Services Licence (AFS Licence), being authorised by ASIC to conduct an insurance business, having direct staff access or offices in international reinsurance market locations where QGIF may purchase reinsurance capacity, and the ability to provide natural hazard loss modelling and analytical services, as well as detailed advice on national and international natural catastrophe events or liability exposures. Additional documentation will be provided to brokers meeting these mandatory requirements upon completion of a non-disclosure agreement. Suppliers meeting all mandatory requirements should send confirmation to daniel. wotton@qgif. qld. gov. au.