Reinsurance Broking Services for Catastrophe Placement

This tender invites proposals from experienced service providers for reinsurance broking services specifically targeting catastrophe placement. The successful bidder will be responsible for structuring and placing reinsurance covers that align with Sasria's unique requirements, which include managing risks associated with civil commotion, public disorder, and terrorism. The scope of work encompasses designing cost-effective reinsurance structures, conducting capital adequacy exercises, and negotiating competitive rates with reputable reinsurers. Additionally, the service provider will be expected to offer administrative support, including contract reviews, claims handling guidance, and reinsurance accounting services.

Bidders must demonstrate a proven track record in the reinsurance industry, particularly with similar pools and special risk events. The evaluation process will assess technical capabilities, governance verification, and financial proposals. The appointed service provider will play a crucial role in enhancing Sasria's capacity to manage catastrophic risks effectively, ensuring sound financial management and compliance with regulatory requirements. This tender is an excellent opportunity for firms with strong expertise in reinsurance and a commitment to transformation within the South African insurance sector.