In terms of Rule 48 of Public Procurement Rules, 2004, a Grievance Redressal Committee (GRC) is notified for the subject procurement and the notification copy is available on the procuring agency’s website and on Authority’s website at (www.ppra.org.pk).
Pakistan Reinsurance Company Limited (Ministry of Commerce), Procurement Specialist
PRC Towers, 32-A Lalazar Drive M.T. Khan Road Karachi
+92-300-699-8576
aghafoor@pakre.org.pk
Sections of Prequalifica¬tion Documents
The following specific data for the Prequalification of Applicants shall complement, supplement, or amend the provisions in the Instructions to Applicants (ITA). Whenever there is a conflict, the provisions herein shall prevail over those in ITA.
PDS Clause No
ITA No
Amendments of, and Supplements to, Clauses in the Instructions to Applicants
PDS Clause No 1
ITA No 1.1
Identification Number of the Invitation for Prequalification: P57728
The Procuring Agency is: Pakistan Reinsurance Company Limited (Ministry of Commerce)
List of Service Contracts:
See section services and Lots
PDS Clause No 2
ITA No 2.1
The name of Procuring Agency is: Pakistan Reinsurance Company Limited (Ministry of Commerce)
The name of Project / Procurement is: Prequalification of Insurance/Reinsurance Brokers for PRCL
PDS Clause No 3
ITA No 4.2
Maximum number of members in a Joint Venture (JV): Nil
PDS Clause No 4
ITA No 4.5
A list of debarred firms and individuals is available on PPRA website: https://ppra.gov.pk
PDS Clause No 5
ITA No 7.1
For clarification, the Applicant shall seek clarifications through: EPADS v2.0
PDS Clause No 6
ITA No 7.1 & 8.2
Information related to Prequalification shall be published on: EPADS v2.0
PDS Clause No 7
ITA No 7.2
Pre-Application Meeting: Clarification Date: Friday, July 31, 2026
PDS Clause No 8
ITA No 10.1
This Prequalification Document has been issued in the language: English
PDS Clause No 9
ITA No 11.1(d)
Additional documents to be submitted through EPADS v2.0:
No
PDS Clause No 10
ITA No 14.2
Source for determining exchange rates: Not Applicable
PDS Clause No 11
ITA No 16.1
Deadline for Application Submission:
Day: Tuesday
Date: Tuesday, August 11, 2026
Time: 11:00 AM
PDS Clause No 12
ITA No 17.1
Opening of Applications shall be conducted through: EPADS v2.0
Day: Tuesday
Date: Tuesday, August 11, 2026
Time: 11:30 AM
Virtual participation link: https://vendors.epads.gov.pk/
PDS Clause No 13
ITA No 21.1
Margin of Domestic Preference: Not Applicable
(Applicable only if authorized in Procurement Plan)
PDS Clause No 14
ITA No 29.1
Prequalification-related complaints / grievances shall be submitted in writing through: EPADS v2.0
A complaint may challenge:
| Bidder's Type | Required Registration |
|---|---|
|
Sole Proprietorship Partnership Firm Company (Private Limited) Company (Public Limited) Company (Holding Company) Company (Limited by Guarantee) |
None |
| Eligibility Criteria | Document |
|---|---|
| Broker must have a certificate of incorporation/registration (Certificate of Incorporation/Registration issued by the relevant authority) | Yes |
| Broker must have a valid license in their country of registration (Valid license/certificate issued by the relevant regulatory authority) | Yes |
| Broker must have valid professional indemnity insurance as prescribed by the relevant regulator (Copy of the professional indemnity insurance policy showing validity and coverage details) | Yes |
| Broker must provide audited financial statements for the last three years (Audited financial statements duly signed by external auditors) | Yes |
| Broker must disclose any actual or potential conflict of interest with reinsurers, insurers, brokers, or any other relevant parties (Signed declaration of conflict of Interest on the bidder's letterhead) | Yes |
| Broker must undertake to protect PRCL's data and maintain confidentiality (Signed Non-Disclosure Agreement (NDA) in the format prescribed by PRCL) | Yes |
| Broker must not be blacklisted, debarred, or suspended by any government, regulatory, or public-sector organization, and must not be under any active investigation that affects its eligibility. (Signed undertaking/declaration on the bidder's letterhead) | Yes |
| For Local Network Partner/Affiliate in Pakistan (If Any) - Network agreement/letter signed by foreign broker and local network partner/affiliate (Copy of network agreement/letter signed by foreign broker and local network partner/affiliate) | Yes |
| For Local Network Partner/Affiliate in Pakistan (If Any) - Broker must possess a valid Insurance/Reinsurance Broker License issued by SECP (Copy of valid SECP License) | Yes |
| For Local Network Partner/Affiliate in Pakistan (If Any) - Broker must have a National Tax Number and Sales Tax registration (Copies of NTN Certificate and Sales Tax Registration Certificates) | Yes |
| For Local Network Partner/Affiliate in Pakistan (If Any) - Broker must have and provide Federal Board of Revenue (FBR) registration and appear on the Active Taxpayersโ list of the FBR (Active Taxpayer status verified through the FBR website and supporting registration documents) | Yes |
| For Local Network Partner/Affiliate in Pakistan (If Any) - Broker must have valid professional indemnity insurance prescribed by SECP (Copy of the professional indemnity insurance policy showing validity and coverage details) | Yes |
| For Local Network Partner/Affiliate in Pakistan (If Any) - Broker must not be blacklisted, debarred, or suspended by any government agency, regulatory authority, or public-sector organization in Pakistan (Signed undertaking/declaration on the bidder's letterhead) | Yes |
| Broker must have a minimum annual premium placement of USD 500 million (Documentary evidence duly signed by an authorized signatory) | Yes |
Quality Based Selection (QBS)
| Technical Marks | 100 | |
|---|---|---|
| Passing Marks | 65 | |
| Global Experience in Reinsurance Broking | ||
| 02 marks for each year of experience, subject to a maximum of 20 marks (Certificate of incorporation/ registration/ relevant document) (Qualitative)(Doc Required) | 20 | |
| Experience in Placement of Risks in the Markets (Last 3 Years) | ||
| 01 mark for each placement, subject to a maximum of 20 marks (Names of Accounts with details including year of placement) (Qualitative)(Doc Required) | 20 | |
| Experience in Claims Handling (Last 5 Years) | ||
| 02 marks for handling of one settled claim only, subject to a maximum of 10 marks (Name of clients/insurers' claims, including claim amount and year of settlement (Qualitative)(Doc Required) | 10 | |
| International Branch Network: Presence in UAE, Singapore, Lloyds, China and UK | ||
| Presence in each specified location carries 2 marks, subject to a maximum of 10 marks (Provision of certificate of incorporation of each office) (Qualitative)(Doc Required) | 10 | |
| International Staff Capabilities (Provision of profiles of 10 senior persons) | ||
| Each profile carries 2 marks, subject to a maximum of 20 marks (Senior profiles must be attached) (Qualitative)(Doc Required) | 20 | |
| Network Partnership/Affiliation with a Pakistani registered Broker | ||
| Name and provision of documentary evidence of the affiliate/network partner in Pakistan. (Provision of minimum 10 partners Documentary proof as mentioned in the eligibility criteria) (Qualitative)(Doc Required) | 10 | |
| Staff expertise in facultative placements and claims handling (Provision of 02 senior profiles along with details such as the name of accounts) (Qualitative)(Doc Required) | 5 | |
| Local Staff Expertise in Treaty Placements and claims handling (Provision of 02 senior profiles along with details such as the names of treaties/insurers) (Qualitative)(Doc Required) | 5 | |
Bidder must sign and stamp this document