TM wins tender

The City of Hafnarfjörður and Tryggingamiðstöðin hf. (TM) today signed a new agreement for the municipality's insurance business. A new tender for the City of Hafnarfjörður's comprehensive insurance is delivering savings of almost 17 million króna per year, or around 51 million króna over the three-year contract period. At the same time, the insured values were re-evaluated, so the tender is not only delivering savings but also better cover on more favourable terms.

More favourable insurance and increased insurance values

A strong emphasis has been placed on reducing the operating costs of the City of Hafnarfjörður, and this new agreement with Tryggingamiðstöðin is part of the municipality's service tenders. Insurance was put out to tender in the autumn, and Tryggingamiðstöðin was the successful bidder, having met the specific framework set out in the City of Hafnarfjörður's tender documents. 

Here are representatives of the City of Hafnarfjörður and TM at the signing of a new agreement.

The new tender for the City of Hafnarfjörður's comprehensive insurance is, as previously stated, set to deliver savings of almost 17 million króna per year, or around 51 million króna over the term of the contract. The new contract is valid for three years, from 1 January 2016 to 31 December 2018, with the option to extend twice for two years at a time. At the same time, the insurance cover was re-evaluated, so the tender is not only delivering savings but also better cover on more favourable terms. It is planned to tender for more services in the new financial year, thereby establishing a regular and established process for tenders within the municipality.