MANAGEMENT OF SHORT-TERM INSURANCE PORTFOLIO

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The Khai/Garib Local Municipality is seeking proposals from qualified service providers to manage its short-term insurance portfolio. The selected provider will be responsible for the following:

  1. Portfolio Management:
    • Assessment of Insurance Needs: Analyze the municipality’s existing insurance coverage and determine if it adequately meets the organization’s needs.
    • Policy Recommendations: Suggest appropriate short-term insurance products and policies that align with the municipality’s risk profile and financial objectives.
    • Claims Management: Handle all aspects of claims processing, including claims submission, negotiation with insurers, and ensuring timely settlement.
    • Risk Mitigation: Provide guidance on risk management strategies to reduce the likelihood of claims and lower insurance costs.
  2. Administrative Duties:
    • Record Keeping: Maintain detailed records of all policies, claims, and correspondence with insurers.
    • Policy Renewals: Manage the renewal process, ensuring continuous coverage without lapses.
    • Reporting: Regularly report to the municipality on the status of the insurance portfolio, claims, and any significant issues or changes.
  3. Advisory Services:
    • Consultation: Offer ongoing advice regarding the insurance market, potential risks, and emerging trends that could impact the municipality’s coverage needs.
    • Compliance: Ensure that all insurance policies comply with relevant laws, regulations, and municipal policies.

Special Conditions

  • N/A: There are no special conditions specified for this tender.

Contact Information for Enquiries

  • Contact Person: Nielbert Kitching
  • Email: assets@kaigarib.gov.za
  • Telephone Number: 054-461-6700
  • Fax Number: 054-461-6401

Briefing Session

  • Is there a briefing session?: No
  • Is it compulsory?: No
  • Briefing Date and Time: N/A
  • Briefing Venue: N/A

 

Details:
Tender Number: T001/2025
Department: Khai/Garib Local Municipality
Tender Type: Request for Proposal
Province: Northern Cape
Date Published: Thursday, 15 August 2024
Closing Date: Tuesday, 03 September 2024 – 10:00
Place where goods, works or services are required: 09 MAIN ROAD-KEIMOES-KEIMOES-8860
Special Conditions: N/A
ENQUIRIES:
Contact Person: NIELBERT KITCHING
Email: assets@kaigarib.gov.za
Telephone number: 054-461-6700
FAX Number: 054-461-6401
BRIEFING SESSION:
Is there a briefing session?: No
Is it compulsory? No
Briefing Date and Time: N/A
Briefing Venue: N/A
TENDER DOCUMENTS

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