Intermediary Services for Short Term Insurance NEW

The Phokwane Local Municipality is inviting tenders for the provision of intermediary services focused on short term insurance and risk management over a period of 36 months. The successful bidder will be responsible for advising the municipality on insurance products, facilitating the procurement of insurance coverage, and managing risk assessment processes to ensure optimal protection against potential liabilities. This includes evaluating existing insurance policies, identifying coverage gaps, and recommending appropriate solutions tailored to the municipality's needs.

Key requirements for bidders include proven experience in the insurance sector, particularly in dealing with local government entities, and a comprehensive understanding of risk management principles. Bidders should demonstrate their capability to provide strategic advice, negotiate favorable terms with insurers, and offer ongoing support throughout the insurance lifecycle. The selected intermediary will play a crucial role in safeguarding municipal assets and ensuring compliance with relevant regulations, ultimately contributing to the municipality's financial stability and risk mitigation efforts.

This tender presents an excellent opportunity for insurance brokers and risk management firms looking to partner with local government. By providing essential services that enhance the municipality's insurance framework, successful bidders will not only fulfill contractual obligations but also contribute to the broader goal of effective governance and public service delivery.