AFRICAN REINSURANCE CORPORATION (AFRICA RE)-

INVITATION TO TENDER – SELECTION OF CONSULTANT FOR DATA PROTECTION COMPLIANCE SERVICES

INVITATION TO TENDER – SELECTION OF CONSULTANT FOR DATA PROTECTION COMPLIANCE SERVICES
LAGOS, NIGERIA
CLOSING DATE FOR APPLICATIONS: 2021-04-20

1.0 INTRODUCTION
The AFRICAN REINSURANCE CORPORATION (AFRICA RE) is the leading African reinsurance company with headquarters in Lagos (Nigeria). Africa Re has six regional offices: Casablanca (Morocco), Abidjan (Côte d’Ivoire), Nairobi (Kenya), Lagos (Nigeria), Cairo (Egypt) and Ebene (Mauritius). The Corporation equally has two subsidiaries: African Reinsurance Corporation South Africa Ltd in Johannesburg (South Africa), Africa Retakaful in Cairo (Egypt) and one Local Office in Addis Ababa (Ethiopia). Africa Re has a broad-based shareholding comprising 41 African member States, the African Development Bank (AfDB), 111 African insurance and reinsurance companies and three non-regional shareholders, including leading global insurers and reinsurers. The Financial Strength and Credit Rating of Africa Re is A by A.M. Best and A – by Standard & Poor’s.

The intent of this Request for Proposals (RFP) or Solicitation is to secure competitive proposals for the provision of data protection compliance services that will support and foster Africa Re’s compliance with existing key legislations requirements across the Corporation’s operational environment as well as with the Global Data Protection Regulation (GDPR).

This will include Data Protection Compliance Assessment, Personal data Inventory, Data Protection Impact Assessment (DPIA), Training and Capacity Building, Implementation of Data Protection Compliance (Drafting the Corporate Data Protection Policy in line with applicable key regulatory requirements, drafting the Data Protection Governance Model and documenting roles and responsibilities for data protection functions, etc.).

2.0 PROJECT BACKGROUND
Africa Re’s operational environment is characterized by evolving and diverse legislation and regulation requirements. The main objectives pursued through these regulations are:

• Giving citizens more control over their personal data with a view to catering for growing privacy protection aspirations.

• Introduce new rights for citizens (right to portability of personal data, right to be forgotten) in today’s data-driven world.

• Increase awareness of data regulation through a system of penalties (fines).

Furthermore, the EU General Data Protection Regulation (GDPR) is a legal framework that sets guidelines for the collection and processing of personal information of EU residents and came into effect from May 25, 2018. The GDPR applies to any organization, regardless of their geographic location; who are either “Controller” (i.e. public authority, agency or other body who determines the purposes and means of the processing of personal data) or “Processor” (i.e. public authority, agency or other body which processes personal data on behalf of the controller), of the data of EU residents.

AFRICAN REINSURANCE CORPORATION (AFRICA RE)-

REQUEST FOR PROPOSAL (RFP) – CONSULTING PARTNER FOR THE IMPLEMENTATION OF IFRS 17 LAGOS, NIGERIA

REQUEST FOR PROPOSAL (RFP) – CONSULTING PARTNER FOR THE IMPLEMENTATION OF IFRS 17
LAGOS, NIGERIA
CLOSING DATE FOR APPLICATIONS: 2021-05-13

1.0 BACKGROUND
Established in 1976 by 36 member States of the African Union and the African Development Bank Group (AfDB), THE AFRICAN REINSURANCE CORPORATION (AFRICA RE), the leading reinsurance company in Africa and the Middle East, is a pan-African financial institution whose shareholding is split between African (75%) and Non-African (25%) investors. African shareholding comprises 41 African states, the AfDB and more than 100 African insurance/reinsurance companies companies from the 41 member countries. Headquartered in Lagos (Nigeria), Africa Re has a continental network of regional and local offices in Lagos (Nigeria), Casablanca (Morocco), Nairobi (Kenya), Abidjan (Cote d’Ivoire), Ebene (Mauritius), Cairo (Egypt), Addis Ababa (Ethiopia) and Dubai (UAE) as well as two subsidiaries: Africa Re (South Africa) Ltd in Johannesburg and Africa Retakaful Ltd in Cairo (Egypt).

Africa Re is currently in the process of implementing the IFRS 17 Insurance Contract in compliance with the International Accounting Standards Board (IASB) Exposure Draft which becomes effective for reporting periods beginning on or after 1 January 2022, thus heralding a new era of accounting for insurers.

2.0 OBJECTIVES
The African Reinsurance Corporation is seeking to engage a Consulting firm that will act as an Implementation Partner to assist the Corporation in all aspects of the IFRS 17 & 9 implementation. The preferred implementation Partner will apply the business knowledge, technical skills, and the experience acquired in the course of executing similar assignments for their other clients in accomplishing the expected deliverable to Africa Re

iMMAP-

REQUEST FOR PROPOSAL: DEVELOPMENT OF STRATEGIC AND DEVELOPMENTAL COMMUNITY ENGAGEMENT WORK

REQUEST FOR PROPOSAL: DEVELOPMENT OF STRATEGIC AND DEVELOPMENTAL COMMUNITY ENGAGEMENT WORK

1. BACKGROUND INFORMATION
iMMAP is an international non-profit organization registered in USA and France that provides information management services to partners responding to humanitarian and development challenges. Over 18 years, iMMAP has significantly worked on changing people’s lives by harnessing the power of information to facilitate evidence-based decisions.