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

> This tender closed on 2026-10-08.

- **Reference:** RAF/2026/00060
- **Issuer:** [Road Accident Fund](https://za.bidwunder.com/tenders/issuer/road-accident-fund.md)
- **Region:** Gauteng
- **Type:** Open tender
- **Published:** 2026-09-10
- **Closing date:** 2026-10-08 13:00 SAST
- **Sectors:** [Professional, scientific, technical](https://za.bidwunder.com/tenders/sector/M.md)

## Summary

#### 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...).

## Description

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

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

Conditions: N/A Briefing Venue: https://teams.microsoft.com/meet/330889967215098?p=cEU55lhzn6AoqoVdwF

## Documents

- RFB RAF 2026 00060 Actuarial Claims Valuation Software.pdf..pdf

Documents download with a free BidWunder account.

## Published on

- [Road Accident Fund (RAF)](http://www.raf.co.za/Procurement/Pages/RAF202600060.aspx)
- [eTenders.gov.za](https://www.etenders.gov.za)

More open tenders: https://za.bidwunder.com/tenders.md

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> Source: https://za.bidwunder.com/tenders/procurement-of-actuarial-outstanding-claims-liability-valuation-reserving-softwa-d26da66e