Procurement Magazine May 2023 | Page 21

โ€œ As a profession , we are able to deliver what they need โ€

FOR THOSE THAT DON โ€™ T KNOW , WHAT EXACTLY IS SPECIALIST INSURANCE , AND HOW DOES IT RELATE TO PROCUREMENT ?

ยป We are a collection of separate business units which grew out of a London market presence . We deal in wholesale big ticket items , as well as having three retail businesses , across the UK , Europe and North America . One of our sweet spots is in the Small to Medium Enterprises sector and professional services , we cover everything from prestige cars , to fine arts insurance . From a procurement perspective , it means that we have multiple stakeholders who have different needs and specifications , and our role involves absorbing and concentrating that spend to maximise our value in the market .

10 years ago what we meant by value was all about cost and service . Now the meaning of value is changing procurementmag . com 21