CPV 66 – Financial and Insurance Services

What does CPV 66 cover?

CPV division 66 covers financial and insurance services procured by public contracting authorities. This encompasses banking services, investment and asset management, insurance, reinsurance, pension and retirement fund services, treasury management, and financial administration services. The division covers all financial services that public bodies procure in the course of their operations, financing activities and risk management.

Public authorities procure financial services across a wide range of contexts. Municipal and state governments arrange financing for infrastructure investment through banking services and bond issuances. Public insurance portfolios covering buildings, vehicles, legal liability and staff are procured through competitive tenders. Treasury management, cash pooling and payment processing are financial services frequently outsourced by public bodies to commercial service providers.

Financial services procurement has specific legal characteristics. In Germany and across the EU, certain financial services such as insurance and banking are subject to public procurement law when the relevant thresholds are met, while others – such as loan agreements for government borrowing – are specifically excluded from the procurement directives. The correct classification and procurement route for financial services requires careful legal assessment. Further information on the CPV system is available from the European Commission (SIMAP) and Regulation (EC) No 213/2008.

Key CPV Groups in Division 66

CPV Group	Name	Typical Contract Subject
66100000	Banking and investment services	Public banking, bond issuance advisory
66500000	Insurance and pension services	Building, vehicle, liability and personnel insurance
66600000	Treasury services	Cash management, payment processing
66700000	Reinsurance services	Risk transfer for public insurance programmes

Examples of Tenders with CPV 66

• Insurance framework for a municipal authority: A municipal administration tenders a five-year insurance framework covering all municipal buildings, vehicles, public liability, property and event liability – with a single premium structure, combined claims management service and annual coverage review.
• Treasury management services for a state authority: A state financial authority tenders treasury and cash management services for its central payment processing, including daily cash position management, short-term investment of surplus funds, payment transaction processing and consolidated financial reporting.
• Public sector banking services: A federal agency tenders account management and banking services for its operations, including corporate accounts, payment processing, online banking access, foreign currency transactions and dedicated account management support.

Current tenders with CPV 66 are published on TED (Tenders Electronic Daily) and on national procurement platforms.

Who is CPV 66 relevant for?

Public Contracting Authorities

Federal and state finance ministries, municipal treasuries, public housing companies, state-owned enterprises, hospitals and all public bodies requiring banking, insurance or financial management services are the main contracting authorities across this division. Financial services contracts are often high-value and multi-year.

Companies and Bidders

Banks, insurance companies, investment managers, reinsurers and financial service companies with public-sector expertise are typical bidders. Banking licences, insurance authorisations (BaFin supervisory compliance in Germany), financial market conduct certifications, references for comparable public-sector financial service contracts and regulatory compliance documentation are generally required. Further information on eligibility requirements and procurement procedures is provided by the Federal Ministry for Economic Affairs and Climate Action (BMWK).

How does Bond help with CPV 66?

Tender Match – Automatically Find Tenders (CPV 66)

With tender.match, banks, insurance companies and financial service providers automatically receive all relevant tenders with CPV 66 directly in their dashboard. BOND indexes tenders from over 1,000 procurement portals in the EU – from TED to national platforms and regional contracting authorities. Instead of manually searching dozens of portals every day, matching financial and insurance service contracts are filtered and delivered by industry, competency, region, and company profile. An automated gap analysis immediately shows where the company meets the requirements and where gaps exist. This ensures companies never miss a deadline and can focus on preparing their bids.

Company Match – Find the Right Partners and Suppliers (CPV 66)

For companies looking for suppliers, subcontractors, or consortium partners for financial and insurance service projects, company.match provides direct access to qualified firms from an EU-wide database of over 28 million companies. Especially for larger insurance or financial management contracts that a single company cannot handle alone, company.match automatically identifies suitable partners for bidding consortia and partial services – increasing the chances of winning the contract.

Frequently Asked Questions about CPV 66

What does the CPV code 66000000 mean?

The CPV code 66000000 designates the entire financial and insurance services division in the European classification system for public contracts. It covers all banking, investment, insurance, treasury and reinsurance services procured by public contracting authorities.

How do I find tenders with CPV 66?

Tenders with CPV 66 are published on TED (Tenders Electronic Daily) for EU-wide procedures for national tenders. Bond automatically aggregates all relevant tenders from over 1,000 portals and delivers them filtered by company profile.

What are the requirements for participating in tenders with CPV 66?

Requirements vary by financial service type but generally include banking or insurance authorisations, BaFin or equivalent supervisory compliance, references for comparable public-sector financial contracts and financial market conduct certifications. Details are governed by the VgV and the UVgO depending on the contract value and service type.