Tender Details
Description / Scope of Work
Pakistan Reinsurance Company Limited (Ministry of Commerce) is inviting international bids for reinsurance coverage services related to political violence risks affecting PARCO-Pearl Gas operations. This is a non-consultancy services procurement conducted under a single stage two-envelope bidding process. The tender seeks qualified reinsurance providers capable of underwriting and managing political violence insurance exposure for a major national energy sector asset. The scope encompasses risk assessment, policy design, underwriting, claims handling and related reinsurance services. Bidders must be established international or domestic reinsurance companies with recognized expertise in political risk and violence coverage, typically holding valid insurance licenses from relevant regulators and demonstrating financial stability and claims-paying capacity.
Eligible bidders should possess international reinsurance credentials, relevant experience in political violence risk underwriting, and documented financial capacity to meet potential claims obligations. Bidders must comply with all applicable Pakistani regulatory requirements for insurance and reinsurance operations and provide evidence of authorization to conduct such business. A bid security declaration will be required as per the tender conditions. All bids must be submitted in sealed envelopes in accordance with the two-envelope system, separating technical and financial proposals.
Bid documents are available from the Pakistan Reinsurance Company Limited office located at PRC Towers, 32-A, Lalazar Drive, M.T Khan Road, Karachi, Sindh. Interested bidders should contact the Procurement Specialist at telephone +92-300-699-8576 or email aghafoor@pakre.org.pk for document acquisition and clarification. Bids must be submitted by the closing date of September 14, 2026, with opening scheduled thereafter. All submissions should be addressed to the Procurement Specialist at the above Karachi address.
For Bidders: Our Analysis PAKISTANTENDER INSIGHT
Independent analysis by PakistanTender — not part of the official notice. Always confirm details against the original tender document.
This is an international reinsurance procurement for political violence coverage on PARCO-Pearl Gas assets, a strategic national energy project.
The single-stage two-envelope format indicates standardized technical and financial evaluation. No contract value is disclosed; the scope suggests a major multinational reinsurance engagement requiring substantial underwriting capacity and specialized political risk expertise. Closing date is September 14, 2026, allowing moderate preparation time. Notable requirement is international competitive bidding for coverage of a domestic strategic asset, implying premium risk assessment and likely high claim potential.
Who can bid: Reinsurance companies with valid insurance regulatory authorization in Pakistan or recognized international standing are eligible. Bidders must typically hold licensing from the State Bank of Pakistan or equivalent authority, maintain minimum capital adequacy ratios, and demonstrate expertise in political violence underwriting. Company registration with SECP and valid NTN are typically mandatory for operations in Pakistan.