Central Bank of Cyprus launches tender for three-year insurance contracts
The Central Bank of Cyprus is seeking insurance providers for three annual periods, with offers assessed on quality and price and an option to negotiate coverage for a further three periods.
Nicosia, Cyprus. The Central Bank of Cyprus (CBC) has launched a tender for insurance coverage under contracts initially lasting three years. Tender 19/2026 will be awarded through a competitive process involving negotiations with selected applicants.
Contract duration and assessment
The contracts will cover three annual insurance periods, with the CBC retaining the option to negotiate with the successful providers for a further three annual periods.
Offers will be assessed on a combination of quality and price. Quality will account for 70 per cent of the assessment, while cost will account for the remaining 30 per cent.
The tender is divided into separate insurance sections. Companies invited to the second stage may submit offers for one, several or all of the available sections.
Application and negotiation process
Interested companies must first submit an application and the required supporting documents.
The CBC will assess the applications and invite companies that meet its participation requirements to submit an initial offer. These offers will form the basis for subsequent negotiations between the bank and the invited companies.
Tender documents and contact requirements
The tender documents and application forms have been available electronically through the CBC website since October 2, 2026.
Interested companies must also send the name and contact details of a designated contact person to [email protected], using the subject line “Tender 19/2026 – Insurance Cover”.
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