Actuarial Reserving Solution for Sasria SOC Limited.
Procurement
In plain English
Sasria SOC Limited is procuring an Actuarial Reserving Solution for a period of 36 months. Eligible bidders must be tax compliant and provide a valid B-BBEE certificate or sworn affidavit.
Always check the official documentDescription
Sasria SOC Limited is inviting bids for an Actuarial Reserving Solution (Bid Number: 2026/15). The project involves the supply and implementation of an off-the-shelf actuarial software platform to support end-to-end reserving, IFRS 17 reporting, and Prudential Regulation requirements. The contract duration is 36 months. Key deliverables include a cloud-hosted or SaaS solution capable of data ingestion, stochastic and deterministic modeling, actuarial judgement tools, and automated reporting. The solution must be hosted within South African borders. Bidders must provide a dedicated support team, role-based training, and regular software audit reports to ensure model integrity and governance. A non-compulsory briefing session will be held on 22 June 2026 via Microsoft Teams. Proposals must remain valid for 150 days after the closing date of 03 July 2026.
What you need to qualify
- CSD registration — Registration on the Central Supplier Database — required to do business with government.
- B-BBEE certificate — A B-BBEE certificate or sworn affidavit confirming your contribution level.
Full requirements
- Must be registered on the Central Supplier Database (CSD) with compliant tax status
- Must hold a valid B-BBEE certificate or sworn affidavit
- Must provide proof of OEM partnership or software ownership
Contact & how to apply
Name: Procurement
Email: Procurement@sasria.co.za
Phone: 011-214-0800
How to apply: Applications must be submitted electronically via the Sasria e-tender portal at https://procurement.sasria.co.za/. Bidders must upload four separate schedules (Executive Summary, Required Documents, Technical Proposal, and Financial Proposal) before the closing date of 03 July 2026 at 12:00 PM.
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