Actuarial Services for Land Bank Life Insurance.
Land Bank
In plain English
The Land Bank is seeking an actuarial service provider for 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 is seeking an actuarial service provider to act as the Head of Actuarial Function (HAF) for Land Bank Life Insurance SOC Ltd. The work will be performed at the Land Bank Head Office in Centurion. The contract duration is five years. Key deliverables include providing professional opinions to the Board 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. The tender number is T15-10-26, and the submission deadline is 5 November 2026 at 11:00 am.
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.
- Other registration — An industry registration the tender requires (e.g. PSIRA, NHBRC, a professional or trade licence).
Full requirements
- Must hold FASSA certification
- Must hold valid Life Insurance Practising Certificate
- Must hold Professional Indemnity cover of at least R2,000,000
- Must be registered on the National Treasury CSD
- Must provide valid SARS Tax Compliance Status PIN
- Must provide CIPC registration and company structure proof
Contact & how to apply
Name: S Mthombeni
Email: tenders@landbank.co.za
Phone: 012-686-0500
How to apply: Bids must be hand-delivered to the Land Bank Head Office, Tender Box, Lakefield Office Park, Block A, 1st Floor, 272 West Avenue, Die Hoewes, Centurion. Potential bidders must also email their intention to tender to Tenders@landbank.co.za.
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