PROVISION OF RISK FINANCING AND SHORT-TERM CORPORATE INSURANCE BROKING SERVICES FOR THE PERIOD OF FIVE YEARS

In short

The tender is for the provision of risk financing and short-term corporate insurance broking services for uMngeni-uThukela Water for a period of five years. The selected broker will be responsible for approaching the market to obtain competitive quotations, determining appropriate risk retention structures, reviewing insurance policies, advising on indemnity limits and excesses, recommending insurers, and communicating emerging risks. The contract will involve annual reviews, negotiations for long-term rates, and presentations to management.