Actuarial Services for Land Bank Insurance.
Land Bank
In plain English
The Land Bank is seeking an actuarial service provider to provide Head of Actuarial Function services for 5 years. Bidders must be registered on the Central Supplier Database and comply with B-BBEE requirements.
Always check the official documentDescription
The Land Bank Insurance SOC LTD (LBIC) is seeking an actuarial service provider to perform Head of Actuarial Function (HAF) services for a five-year period. The work will be based at the Land Bank Head Office in Centurion. The successful firm will act as the second line of defense, providing assurance on actuarial matters, including technical provisions, solvency capital requirements, and asset-liability management. Key deliverables include signing off on annual quantitative returns, attending quarterly committee meetings, reviewing financial models, and providing independent reviews of insurance obligations. The HAF must ensure compliance with GOI 3 provisions and relevant actuarial standards. The appointment is subject to an annual performance review. Bidders must submit one original proposal and one soft copy on a USB. The tender is valid for 120 business days from the closing date of 5 November 2026.
What you need to qualify
- CSD registration — Registration on the Central Supplier Database — required to do business with government.
- Registered company — An active CIPC-registered company in good standing.
- Tax clearance — A valid SARS tax compliance status (PIN) showing your tax affairs are in order.
- B-BBEE certificate — A B-BBEE certificate or sworn affidavit confirming your contribution level.
- Other registration — An industry registration the tender requires (e.g. PSIRA, NHBRC, a professional or trade licence).
Full requirements
- Fellow membership of the Actuarial Society of South Africa (FASSA)
- Valid Non-life Insurance Practising Certificate
- Professional Indemnity Insurance of at least R2,000,000
- Registered on the National Treasury Central Supplier Database (CSD)
- Valid Tax Compliance Status (TCS) PIN
- Valid B-BBEE certificate or sworn affidavit
- Valid CIPC registration
Contact & how to apply
Name: S Mthombeni
Email: smthombeni@landbank.co.za
Phone: 012-686-0500
How to apply: Interested bidders must first notify the Land Bank Supply Chain Department via email at Tenders@landbank.co.za. Final proposals must be hand-delivered to the Tender Box at Land Bank Head Office, Lakefield Office Park, Block A, First Floor, 272 West Avenue, Die Hoewes, Centurion, by 11:00am on 5 November 2026.
Related tenders
Actuarial Services for Land Bank Life Insurance.
The Land Bank seeks an actuarial service provider to serve as the Head of Actuarial Function for Land Bank Life Insurance SOC Ltd for five years. Responsibilities include providing professional opinions on technical provisions and solvency, advising on asset-liability management, underwriting, and reinsurance policies, and signing off on annual quantitative returns. The provider must attend quarterly committee meetings and perform high-level reviews of insurance obligations and financial models. Work will be conducted at the Land Bank Head Office in Centurion. Tender number: T15-10-26. Submission deadline: 5 November 2026 at 11:00 am.
Land Bank Insurance Operations Review.
The Land and Agricultural Development Bank of South Africa seeks proposals for an operational review of its Credit Life Policy administration, premiums, and claims. The project will assess governance, policy compliance, and internal controls within the insurance division. Deliverables include a risk assessment, audit report, root cause analysis, and corrective action plan. The review covers transactions from October 2025 to June 2026 and requires fixed, all-inclusive pricing.
Advisory Claims Management Assessment for Land Bank.
The Land and Agricultural Development Bank of South Africa seeks proposals for an independent advisory assessment of its claims management environment. The project involves evaluating the current operating model, including governance, internal resources, technology, and performance metrics, and benchmarking against industry standards. Deliverables include a comprehensive assessment report and a detailed implementation roadmap. Bidders must have extensive experience in insurance claims advisory services, with key personnel possessing over five years of relevant expertise. The project is for the Land Bank Insurance Company SOC Ltd, with a closing date of 13 October 2026.
Actuarial Service Provider for Quality Assurance Review.
The Road Accident Fund (RAF) seeks an actuarial service provider for a three-year project to conduct independent quality assurance reviews of its actuarial methodologies and models. The scope includes reviewing models for outstanding claims, budget forecasting, loss of earnings, loss of support, and post-retirement medical aid subsidies. The provider must validate assumptions, ensure compliance with actuarial standards, and provide detailed reports and roadmaps for improvements. Deliverables include annual quality assurance reports, parallel modelling, and presentations to the RAF Board and Audit Committee. The work will be conducted at the RAF offices in Centurion.
Actuarial services for employee benefits valuation.
The City of Tshwane seeks actuarial services to perform valuations of employee benefits according to IAS 19 and GRAP 25 for the financial years 2026/27, 2027/28, and 2028/29. Bidders must register on the SAP Ariba portal for electronic submission and provide a physical hard copy at Tshwane House.
Development of a Climate Risk Framework for Land Bank.
The Land and Agricultural Development Bank of South Africa seeks bids for creating a Climate Risk Framework. The project requires designing a framework in line with TCFD and IFRS S2 standards, focusing on governance, strategy, and risk management. It should address physical and transition risks using NGFS scenario methodologies. Deliverables include a diagnostic assessment, framework development, integration with existing risk infrastructure, and a phased implementation roadmap. The project duration is approximately five months, starting upon approval, and must integrate with the bank's Enterprise Risk Management and credit processes to support climate-related disclosure obligations.