Various insurance types as needed. Specific requirements for the purchased object of purchase will be provided in the documents of the specific procurement carried out on the basis of a dynamic purchasing system.
About This Opportunity
TranslatedThis tender pertains to the procurement of cyber risk insurance services. Specific requirements for the procurement object will be provided in the documents related to the specific purchase, which is conducted based on a dynamic purchasing system. The focus of this tender is to address the growing need for insurance solutions that mitigate risks associated with cyber threats. Interested parties should prepare to demonstrate their capabilities in providing comprehensive cyber risk insurance services that meet the outlined specifications. Key details regarding eligibility criteria, submission deadlines, and evaluation processes will be included in the tender documents. This procurement is crucial for organizations seeking to enhance their resilience against cyber incidents and ensure adequate coverage for potential financial losses resulting from such risks. The location and sector specifics will also be detailed in the forthcoming documentation, ensuring that all interested bidders have a clear understanding of the context and requirements for participation.
This is a services contract in the finance and banking and information and communication technology sectors, with a focus on Insurance and Cybersecurity. Located in Lithuania, Europe, this opportunity is open to firms and consortiums.
Published through TED - Tenders Electronic Daily (EU), a national government procurement portal. Public procurement tenders follow the country's national bidding regulations and may have specific eligibility and documentation requirements for services in the finance and banking sector. Service contracts are typically evaluated on both technical quality and price, and may require bidders to demonstrate relevant experience and qualified personnel. This contract has already been awarded. The information is published for transparency and market intelligence purposes.
Description
Auto-translated from ltThis tender, originating from Lithuania and published on the TED platform, seeks to procure cyber risk insurance services. The contracting authority, managed by the Publications Office of the European Union, is establishing a dynamic purchasing system (DPS) for this purpose. This approach indicates a flexible and ongoing need for various types of insurance cover as specific requirements arise.
The core objective of this procurement is to secure comprehensive insurance solutions designed to mitigate the financial and operational impacts of cyber threats. While the exact scope of coverage will be detailed within individual calls for tenders issued under the DPS, it is anticipated that successful bidders will need to demonstrate robust capabilities in underwriting and managing cyber insurance policies. Typical requirements for such tenders often include the provision of coverage for data breaches, ransomware attacks, business interruption due to cyber incidents, and liability arising from cyber-related events. Bidders will likely be expected to possess a strong understanding of the evolving cyber threat landscape and offer adaptable policy structures to meet diverse organizational needs. The dynamic nature of the DPS allows for continuous evaluation and selection of providers, ensuring the contracting authority can access relevant and up-to-date cyber insurance products throughout the system's duration.
Data provenance
This notice is sourced from TED - Tenders Electronic Daily (EU) and was originally published on December 12, 2025. Last refreshed 24 days ago. Original language: lt. BidsFactory mirrors official procurement notices and links back to the source for full legal text.
About Uždaroji akcinė bendrovė Vilniaus vandenys
Uždaroji akcinė bendrovė Vilniaus vandenys has issued 3 procurement notices on BidsFactory, including 0 currently open and 1 awarded contracts. Activity concentrates in Information & Communication Technology, Architecture & Engineering Services, and Energy & Power. All notices are published for Lithuania. Notices are distributed via TED - Tenders Electronic Daily (EU). Most recent publication: December 17, 2025.
Frequently asked questions about this tender
Who is the contracting authority?
This notice was issued by Uždaroji akcinė bendrovė Vilniaus vandenys in Lithuania. The authority is responsible for evaluating bids, awarding the contract, and managing performance.
What type of contract is this?
This is a Services contract in the Finance & Banking sector. The classification helps bidders match the opportunity to their qualifications and registered scope of supply.
How much was the contract awarded for?
Baltic Underwriting Agency was awarded the contract for €14,800. The figure reflects the value disclosed by the contracting authority in the award notice.
Where will the contract be performed?
The contract is for delivery in Lithuania. Foreign bidders should review local registration, taxation, and any in-country presence requirements before submitting.
How can I submit a bid?
Visit TED - Tenders Electronic Daily (EU) to access the full notice, required documents, and submission instructions provided by the contracting authority.
Is this tender still open?
No — the contract has already been awarded to Baltic Underwriting Agency. The award notice is archived on BidsFactory for transparency and market intelligence.
Find tenders like this automatically
Set up alerts and filters that match your business — never miss a relevant opportunity again.
Sectors & Categories
Key Details
Contracting Authority
Companies That Won Similar
Companies with awards in Finance & Banking in Lithuania