Quick Quote - Feasibility Study into the Establishment of a Government-Owned Flood Risk Insurance Vehicle for the Isle of Man

Finance Isle of Man, on behalf of the Isle of Man Sustainable Finance Initiative, seeks proposals from suitably qualified providers to undertake a feasibility assessment for an Isle of Man Government-owned insurance vehicle to manage the financial risks of perils associated with increased flooding due to climate change, to be carried out as soon as possible following the appointment and run for 2 calendar months.

The objective of this feasibility study is to assess the viability of establishing a Government-owned insurance vehicle to manage flood-related risks in the Isle of Man.

The study will determine inter alia:

• Whether establishment of a Government-owned insurance vehicle is justified and commercially viable;
• The most appropriate legal, regulatory and operating structure;
• The potential role of insurance, reinsurance and alternative risk transfer mechanisms;
• The likely capital and operational requirements;
• Financial analysis;
• Opportunities and risks associated with implementation;
• Whether such a vehicle could create wider resilience, mitigation and adaptation benefits for the Isle of Man.

The study should culminate in a clear recommendation as to whether Government should proceed and, if so, how

The attached documentation consists of:

• The Quick Quote Request Document

The Quick Quote will remain available on the Portal for Expressions of Interest until noon (12.00 hrs) on Tuesday 24th November 2026 and the deadline for submissions is noon (12.00 hrs) on Friday 4th December 2026 and your response must be submitted through the portal by this deadline.

Once you have selected 'Express Interest' a 'Quote Documents' tab will appear and this is where you will find the above mentioned documents.

After the above deadline the Portal will 'Lock-Out' and no further submissions can be made.

If your organisation does not wish to submit a response to provide these services, please select 'Opt-Out' and select a reason. You can also choose to stop receiving correspondence on this screen.

Please note, unless otherwise advised, all Quick Quote Competitions will be subject to the Isle of Man Government Standard Terms & Conditions for Goods and/or Services, a copy of which can be found under the 'Supplier Information & Privacy Policies' tab.