Procurement of Actuarial Software for RAF.
Road Accident Fund
In plain English
Procurement of actuarial outstanding claims liability valuation 'reserving' software for the Road Accident Fund for three years. Bidders must be registered on the Central Supplier Database and comply with South African legal requirements.
Always check the official documentDescription
The Road Accident Fund (RAF) is seeking a specialized actuarial software platform for outstanding claims liability valuation. The project involves a three-year contract for a server-based, enterprise-grade system capable of performing deterministic and stochastic modeling, as well as AI-driven reserve estimation. The software must integrate with existing RAF databases and external datasets while ensuring data is hosted within South Africa. Key deliverables include the implementation of the software, system integration, and comprehensive training for seven end-users and system administrators. The successful bidder must provide ongoing functional actuarial consultation and technical support throughout the three-year term. The work will be managed from the RAF offices in Centurion.
What you need to qualify
- CSD registration — Registration on the Central Supplier Database — required to do business with government.
- Tax clearance — A valid SARS tax compliance status (PIN) showing your tax affairs are in order.
- Letter of Good Standing — COID registration and a Letter of Good Standing from the Compensation Fund.
- Other registration — An industry registration the tender requires (e.g. PSIRA, NHBRC, a professional or trade licence).
Full requirements
- Valid Tax Compliance Status (TCS) Pin
- Registered on the National Treasury Central Supplier Database (CSD)
- Proof of Fellow Actuary registration and professional body Letter of Good Standing
- Professional Indemnity insurance covering cyber liability and privacy breaches
Contact & how to apply
Name: Bathabile Mahlangu
Email: bathabilem@raf.co.za
Phone: 012-621-1719
How to apply: Proposals must be hand-delivered or couriered to the tender box at the Road Accident Fund (RAF), Eco Glades 2 Office Park, 420 Witch-hazel Avenue, Centurion, 0046, by 11:00 AM on 08 October 2026.
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