Open tender · South Africa · Public tender
Appointment of An Actuarial Service Provider to Conduct Independent Quality Assurance Review of Actuarial Methodology and Models for A Period of Three (3) Years
Road Accident Fund in South Africa is inviting bids for “Appointment of An Actuarial Service Provider to Conduct Independent Quality Assurance Review of Actuarial Methodology and Models for A Period of…”. Bids close on 14 October 2026, 11:00 SAST. Reference: RAF/2026/00061. Who can bid: Must be registered as an actuarial firm with the Actuarial Society of South Africa; Lead actuary must be a qualified Fellow with at least ten years post-qualification experience. askTender lists every requirement to qualify and checks whether your company meets them.
The tender in brief
Three-year actuarial quality assurance review of the Road Accident Fund's models, for registered actuarial firms
The Road Accident Fund seeks an actuarial service provider to independently review its actuarial methodologies and models annually for three years. The review covers outstanding claims liability, budget forecasting, loss of earnings, loss of support and post-retirement medical aid subsidy valuations. Bidders may bid for one or more of four categories, each evaluated separately.
Who can win it
- Must be registered as an actuarial firm with the Actuarial Society of South Africa
- Lead actuary must be a qualified Fellow with at least ten years post-qualification experience
- Must have conducted independent quality assurance reviews for at least three clients in the past five years
Key facts
- Estimated value
- Not disclosed by the buyer
- Procedure
- Open
- Contract period
- Three years, with annual review cycles
- How bids are judged
- Functionality threshold of 60 out of 100, then 80/20 price and specific goals
- Published
- 10 Sep 2026
- Reference
- RAF/2026/00061
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