The Agricultural Research Council seeks a qualified insurance broker for a three-year contract to manage its comprehensive insurance portfolio, ensuring optimal coverage and claims management.
The Agricultural Research Council (ARC) is inviting proposals from experienced insurance brokers to provide comprehensive insurance brokerage and risk advisory services for a period of three years. The selected broker will be responsible for managing a diverse portfolio of insurance policies, including property, motor, liability, and specialized risks, while ensuring compliance with relevant regulations. Key objectives include securing cost-effective insurance coverage, efficient claims management, and providing expert risk advisory services to enhance the ARC's operational resilience and governance.
Bidders must demonstrate substantial experience in managing insurance portfolios for organizations with total insured assets exceeding R2 billion. The successful broker will be expected to conduct annual risk assessments, manage policy renewals, and facilitate seamless transitions from the incumbent broker. Additionally, the broker will provide strategic advice on emerging risks and ensure compliance with the Protection of Personal Information Act (POPIA). This tender represents a significant opportunity for brokers to engage with a leading research institution and contribute to the advancement of South African agriculture.
This tender is suitable for established insurance brokerage firms with proven experience in managing large-scale insurance portfolios, particularly those with expertise in agricultural or research sectors. Businesses should have the capability to provide strategic risk management and compliance services.