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Buy nowRatlou Local Municipality seeks a qualified insurance broker to underwrite and manage its short-term insurance portfolio for a period of 36 months. Key requirements include registration as a Financial Service Provider and comprehensive coverage of municipal assets.
The Ratlou Local Municipality invites tenders for the appointment of a professional insurance broker to underwrite and manage its short-term insurance portfolio over a three-year period. The successful bidder will be responsible for providing comprehensive insurance coverage for movable and immovable assets, as well as special risks associated with municipal operations. This includes managing claims, providing monthly reports, and ensuring compliance with all relevant legislation and municipal policies.
Bidders must demonstrate their capability by providing evidence of previous similar work, registration as a Financial Service Provider, and adherence to the Financial Advisory and Intermediary Services Act. The insurance broker will be expected to offer a tailored insurance solution that includes broad form liability coverage and specific provisions for unique municipal risks, such as public events and environmental liabilities. The contract aims to ensure that the municipality's assets are adequately protected while maintaining compliance with local government regulations.
This tender is suitable for registered insurance brokers and financial service providers with experience in municipal insurance management, particularly those familiar with the unique risks associated with local government operations.