Cyber Risk Insurance Pooling 2019-2024

The Ville de Farnham is seeking to renew its cyber risk insurance coverage through a pooled insurance arrangement for the period of 2019-2024. This procurement is being conducted via a negotiated contract (contrat de gré à gré), as permitted by specific articles of law (Article 573.1.2(LCV), 936.2(CM), 116(CMM), 109(CMQ), 106(STC)) related to insurance contract renewals. The service category is S11 - Financial services and other related services, specifically focusing on insurance. This initiative aims to provide comprehensive insurance protection against evolving cyber threats and risks that could impact the municipality's digital assets, data, and operations. By pooling resources or participating in a shared insurance program, the Ville de Farnham seeks to obtain cost-effective and robust coverage tailored to municipal needs. The contract renewal signifies the continuation of these protective measures, ensuring financial resilience in the face of potential cyber-attacks, data breaches, or other digital security incidents. The municipality is leveraging established legal frameworks to secure this essential coverage.

This is a services contract in the finance and banking and security and defense sectors, with a focus on Insurance. Located in Canada, North America, this opportunity is open to firms and consortiums.

Published through Quebec SEAO, 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.