APPOINTMENT OF AN INTERMEDIARY/BROKERAGE SERVICE PROVIDER TO THE ROAD ACCIDENT FUND FOR A PERIOD OF FIVE (5) YEARS.

In short

The Road Accident Fund (RAF) requires the services of an insurance and reinsurance broker. The broker will act as an intermediary between the RAF and the insurance market to assist with the RAF's insurance and reinsurance needs. This includes securing reinsurance coverage for third-party bodily injury claims, ensuring adequate insurance for short-term assets, securing other short-term insurance coverages (e.g., directors' and officers' liability, general liability), recovering claims, and performing trend analysis.