4C: What we know, what we missed, and what’s next - rethinking insurance value under the Procurement Act

2.30pm – 3.30pm GMT, 22 June 2026 ‐ 1 hour

Session

This forward-looking session explores how lessons from the past decade have driven meaningful transformation for everyone working in public sector insurance. The introduction of the Procurement Act 2023 marks a significant step. It is a direct response to voices from all sectors, and it reshapes how public organisations procure, negotiate, manage contracts, and deliver value for money. As public organisations adopt the Procurement Act 2023, many procurement practices remain rooted in previous regime, PCR 2015. We will reflect on what is already understood about the Act, what is working , what has been missed in the early adoption and where old habits no longer serve the sector.

This interactive session using a mock insurance tender will demonstrate how the Act enables more outcome-focused procurement and fosters stronger partnerships with insurance providers. Participants will follow a realistic scenario from the initial drafting of requirements, through developing a bespoke procurement process, managing changes during the tender phase, conducting negotiations, evaluating bids, and concluding with post-tender negotiation and contract award. Along the way, you will see how the Act’s principles translate into everyday actions shifting the focus from compliance and routine processes to achieving real, measurable outcomes.