Risk Financing Advisory and Insurance Brokerage Services

The South African Post Office (SAPO) invites qualified service providers to submit proposals for Risk Financing Advisory and Short-term Insurance Brokerage Services. This tender encompasses a 3-year contract with the potential for annual renewal, focusing on optimizing SAPO's insurance portfolio and risk management strategies. Bidders are required to showcase their experience in handling significant insurance placements, including but not limited to motor fleet, public liability, and cyber crime insurance. The successful bidder will conduct market exercises to secure competitive terms, provide expert advisory services, and ensure compliance with all relevant regulations.

The scope of work includes conducting consultations with stakeholders, performing actuarial evaluations, and delivering comprehensive insurance manuals. Additionally, the appointed broker will manage claims above agreed thresholds and provide ongoing support to SAPO's risk management team. This engagement aims to enhance SAPO's financial resilience through effective risk financing strategies, ensuring that the organization can mitigate potential losses while maintaining cost-effectiveness in its insurance arrangements. The successful bidder will also be expected to conduct annual risk engineering surveys and provide training sessions to SAPO staff on insurance principles and market trends.