Insurance Broker Services for SAPO (3-Year Term)
BERNADETTE
In plain English
The South African Post Office is procuring Risk Financing Advisory and Short-term Insurance Brokerage Services for a 3-year term. Bidders must be registered on the Central Supplier Database and provide a valid B-BBEE certificate.
Always check the official documentDescription
The South African Post Office (SAPO) has issued a tender for Risk Financing Advisory and Short-term Insurance Brokerage Services for a three-year term. The work will be performed for the South African Post Office. Key deliverables include developing renewal strategies, reviewing insurance programs, providing gap analysis, re-brokering insurance to obtain competitive quotes, and managing catastrophic claims. The service provider must also conduct annual risk engineering surveys on at least three properties and provide actuarial evaluations of the insurance structure. The contract requires the submission of a detailed insurance manual and holistic renewal placement terms by 31 August 2026. Pricing must be fixed for the first year, with subsequent annual escalations aligned to the Consumer Price Index. All services must be provided in English, and the validity period for the proposal is 120 days from the closing date of 23 July 2026.
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.
- Other registration — An industry registration the tender requires (e.g. PSIRA, NHBRC, a professional or trade licence).
Full requirements
- Valid Financial Service Provider (FSP) license under the FAIS Act
- Professional Indemnity Insurance cover exceeding R 250 million
- 5+ years experience in brokerage for entities with R 2 billion+ assets
- 5+ years experience in managing Cell Captive/Contingency insurance over R 150 million
- Proven track record placing D&O insurance over R 600 million
- Proven track record placing Marine and Aviation insurance
- 5+ years experience in managing claims exceeding R 50 million
- Personnel must be FSCA registered (RE 1/5) with 5+ years experience
- Actuary must be registered with Actuarial Society of South Africa with 5+ years experience
- Must be tax compliant with valid SARS PIN
- Must be registered on the National Treasury CSD
Contact & how to apply
Name: BERNADETTE
Email: Bernadette.vanzyl@postoffice.co.za
Phone: 012-845-2452
How to apply: Proposals must be submitted via email to SAPORFQ@POSTOFFICE.CO.ZA. All documentation must be in English and pricing must be quoted in South African Rand.
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