Review of ORSA for a period of 3 yearsClosed

Overview

Independent review of ECIC’s ORSA maturity for a period of three years (GOI 3.1). Bidders should be service providers with insurance risk-management expertise, ORSA review experience, governance/auditing familiarity with PA GOI 3.1, and relevant actuarial/risk-qualification credentials; must meet professional membership, B-BBEE, and compliance requirements.

Requirements

• Experience in risk management and ORSA within the South African insurance sector; demonstrated team qualifications.
• Demonstrated ability to assess ORSA components (policy, governance, risk management, outcomes, capital management) and present management/Risk Committee deliverables.
• Proof of capacity: CVs for proposed team, 3 contactable references, and evidence of similar engagements.
• Compliance: membership in a professional body; CSD or MAAA registration; SARS Tax Compliance Status (PIN) or valid CSD number.
• Compliance with POPI and ECIC’s standard bidding documents (SBD 1, SBD 4, SBD 6.1) and submission of required documents.
• Pass mark: minimum 80/100 in functional evaluation; overall preference system (80/20) with specific goals (B-BBEE) and potential subcontracting rules.

How to Apply

• Submission deadline: 07 July 2026 at 11:00 (SAST).
• Submission method: PDF proposals emailed to procurement@ecic.co.za; if >20MB, split into multiple emails; hard copy hand-delivery at ECIC (11 Byls Bridge Boulevard, Centurion) optional; USB recommended (ECIC03P-2026/27 ORSA Review.pdf).
• Documents to submit: SBD 1, SBD 4, SBD 6.1; B-BBEE certificate or sworn affidavit; proof of professional body membership; CSD/MAAA number; tax compliance PIN or SARS status; team CVs; corporate/profile details; any pricing schedules.
• Enquiries: questions due by 19 June 2026; answers published by 24 June 2026 (email: procurement@ecic.co.za).
• Briefing: briefing details available at ECIC (11 Byls Bridge Boulevard, Highveld, Centurion; see attached RFP).
• Attachments: refer to ECIC03P-2026/27 ORSA Review.pdf for terms, timelines, and scoring criteria.
• Pre-qualification: CSD/Tax compliance; no conflicts of interest; adhere to POPI Annex.

(ECIC03P-2026/27 ORSA Review.pdf)