PROCUREMENT OF ACTUARIAL OUTSTANDING CLAIMS LIABILITY VALUATION “RESERVING” SOFTWARE FOR THE ROAD ACCIDENT FUND (RAF) FOR A PERIOD OF THREE (3) YEARS.Closed

Overview

Procurement of actuarial outstanding claims liability valuation software for the RAF for a period of three years. The RAF seeks an AI-enabled, enterprise reserving platform (SaaS, hosted in SA) to replace spreadsheet-based processes, with training and seven user licenses. Bidders should be actuarial software vendors with Fellow Actuary leadership and strong governance, security, and data-integrity capabilities. (RFB RAF 2026 00060 Actuarial Claims Valuation Software.pdf)

Requirements

• At least one Fellow Actuary (3+ years post-qualification) registered with a recognised body (FASSA, FIA, FCAS or equivalent); provide certificate and good standing, not older than 3 months.
• Software must be Artificial Intelligence-enabled reserving capability.
• Deployment as Software-as-a-Service (SaaS) and hosted within South Africa; provide proof of SaaS deployment.
• Embedded governance, audit trails, privacy controls; compliance with Privacy by Design/default.
• Data integration: connect to sources (e.g., Oracle, SQL Server) and external datasets; support large data volumes and simulations.
• Professional Indemnity, privacy/cyber liability coverage; RAF may audit privacy and security; data may not be stored/transferred outside SA without approval.
• Bidder must be registered on the Central Supplier Database (CSD) and have SARS tax compliance; provide TCS PIN or CSD number; not be in state service.
• Returnable documents (SBD forms and related certifications) completed and signed.

How to Apply

• Non-compulsory briefing: 18 September 2026, 11:00 AM via Microsoft Teams (details in document) (RFB RAF 2026 00060...).
• Questions deadline: 23 September 2026; Answers published 29 September 2026 on RAF site (RFB RAF 2026 00060...).
• Closing date: 08 October 2026 at 11:00; bids must be hand-delivered or couriered to RAF, Eco Glades 2 Office Park, Centurion 0046 (no fax/email submissions) (RFB RAF 2026 00060...).
• Submit on official forms; original plus copy in envelope; proposal validity 90 days.
• Documents to submit: SBD 1, SBD 3.1/3.2/3.3, SBD 4, SBD 5, SBD 6.1, CIDB proof, Tax PIN/CSD, joint-venture agreements if applicable; CIDB requirement noted; Tax/compliance and CSD details must be provided. Ensure registration on CSD and SARS PIN/TCS where applicable (RFB RAF 2026 00060...).