CPV 667 – Reinsurance Services

What does CPV 667 cover?

CPV group 667 covers reinsurance services procured by public contracting authorities. Reinsurance refers to the process by which an insurance company transfers part of its accepted risks to a reinsurer. In the public sector, this is particularly relevant for public insurance carriers, municipal insurance schemes, and public enterprises operating self-insurance models.

Public insurance carriers such as municipal loss compensation funds, state-owned fire insurance monopolies, and state export credit insurance providers require reinsurance capacity to cover major losses and accumulation risks. In several EU member states, publicly-owned insurance institutions procure reinsurance services through formal competitive procurement procedures under CPV 667.

Reinsurance markets are highly specialised and globally oriented. The leading providers are international reinsurance groups headquartered in Munich, Zurich, London, and other financial centres. For public contracting authorities requiring reinsurance capacity, tenders under CPV 667 are an important instrument for transparent and competitive procurement of these specialist services. Further information on the CPV system is available from the European Commission (SIMAP) and Regulation (EC) No 213/2008.

Typical Services in CPV 667

Examples of Tenders with CPV 667

• Reinsurance programme for a public property insurer: A public-law property insurance institution tenders its reinsurance programme combining proportional and non-proportional cover for fire damage, storm, and natural hazards.
• Catastrophe reinsurance for a municipal insurance fund: A municipal insurance institution tenders catastrophe reinsurance cover for its liability portfolio, seeking capacity for major loss events above a retention of EUR 10 million.
• Facultative reinsurance for a public infrastructure project: A state infrastructure company tenders facultative reinsurance for a EUR 500 million construction project covered by primary project insurance but requiring additional reinsurance capacity.

Current tenders with CPV 667 are published on TED (Tenders Electronic Daily) and on national procurement platforms.

Who is CPV 667 relevant for?

Public Contracting Authorities

Public-law insurance institutions, municipal loss compensation funds, state export credit insurance providers, and public enterprises with their own insurance portfolios are the contracting authorities under CPV 667. The market is specialised and concentrated among a small number of large institutions.

Companies and Bidders

International reinsurance groups, Lloyd's syndicates, and specialist reinsurance brokers are the relevant providers. In addition to regulatory authorisations (Solvency II compliance, supervisory approvals), rating evidence and demonstrated capacity for the required lines of cover are essential. Further information on eligibility requirements and procurement procedures is available from the Federal Ministry for Economic Affairs and Climate Action (BMWK).

How does Bond help with CPV 667?

Tender Match – Automatically Find Tenders (CPV 667)

With tender.match, reinsurance companies and brokers automatically receive all relevant tenders with CPV 667 directly in their dashboard. BOND indexes tenders from over 1,000 procurement portals in the EU – from TED to national platforms and regional contracting authorities. Instead of manually searching dozens of portals every day, matching reinsurance contracts are filtered and delivered by industry, competency, region, and company profile. An automated gap analysis immediately shows where the company meets the requirements and where gaps exist. This ensures companies never miss a deadline and can focus on preparing their bids.

Company Match – Find the Right Partners and Suppliers (CPV 667)

For companies looking for suppliers, subcontractors, or consortium partners for reinsurance programmes, company.match provides direct access to qualified firms from an EU-wide database of over 28 million companies. Especially for larger reinsurance programmes that a single company cannot handle alone, company.match automatically identifies suitable partners for capacity consortia and partial cover – increasing the chances of winning the contract.

Frequently Asked Questions about CPV 667

What does the CPV code 66700000 mean?

The CPV code 66700000 designates reinsurance services in the European classification system for public contracts. It is used when public insurance carriers or entities with self-insurance models procure reinsurance capacity.

How do I find tenders with CPV 667?

Tenders with CPV 667 are published on TED (Tenders Electronic Daily) for EU-wide procedures for national tenders. Bond automatically aggregates all relevant tenders from over 1,000 portals and delivers them filtered by company profile.

What are the requirements for participating in tenders with CPV 667?

Reinsurance services are generally subject to public procurement rules when procured by public contracting authorities above the applicable thresholds. The legal framework is set by the VgV for above-threshold procedures and the UVgO for below-threshold procurement.