Request for Proposals For Consultancy to provide Technical Assistance (TA) for strengthening data analytics capacity for the Rwanda Insurers Association (ASSAR)

DOWNLOAD THE FULL PDF

PROCUREMENT REFERENCE NUMBER: AFR/RFP-STRENGTHENING DATA ANALYTICS ASSAR/AUGUST/2025.

1. About Rwanda Insurers Association

Founded on 16 October 1992, the Rwanda Insurers Association (ASSAR) serves as a cornerstone of the Rwandan insurance landscape. As an independent, non-profit organization, ASSAR is committed to advancing the interests of its members and the broader public. ASSAR’s mission is to foster a collaborative environment that nurtures growth, innovation, and trust within Rwanda’s insurance industry.

ASSAR plays a critical role in promoting industry standards, ethics, and professionalism across Rwanda’s insurance market. With a unified voice, ASSAR advocates for favorable regulatory frameworks and policies that support sustainable development. ASSAR’s 12-member insurers represent a broad spectrum of expertise and services within the sector. Together, they contribute to building a resilient and inclusive insurance ecosystem. ASSAR acts as a bridge between insurers, government bodies, and the public. It also works to expand insurance penetration, making protection more accessible to all Rwandans. ASSAR envisions a future where insurance is a cornerstone of national financial security and development. Through unity and innovation, ASSAR will continue to shape a vibrant and trustworthy insurance industry in Rwanda.

2. About Access to Finance Rwanda (AFR)

Access to Finance Rwanda (AFR) is a Rwandan not-for-profit company established in 2010 to promote financial inclusion and financial sector development in Rwanda. AFR is currently funded by Sweden, Mastercard Foundation, Global Impact/Co-Develop and Jersey Overseas Aid.

AFR is part of the broader Financial Sector Deepening (FSD) Network in Africa, which seeks to contribute to more inclusive and sustainable economic growth through financial inclusion and financial sector development by working with policymakers, regulators, financial service providers, and other market actors.

AFR supports the removal of systemic barriers that hinder access to financial services by low-income people, particularly the rural poor, women, youth, and MSMEs. AFR is guided by the Market System Development (MSD) approach, recognizing that efforts to increase financial inclusion and financial sector development must be market-led, profitable, and sustainable.

3. Background for assignment

The use of data analytics in the insurance industry is becoming increasingly vital, as insurers rely on data to inform decision-making, improve operational efficiency, and mitigate risks such as fraud. Data analytics enables insurers to design more customer-centric products, price risk more accurately, and streamline claims processes. It also supports evidence-based regulation and policymaking. To fully harness these benefits, the industry must invest in systems that ensure data is effectively collected, processed, and analysed to generate actionable insights for innovation and growth.

Data analytics scoping research conducted by AFR revealed notable gaps in strategy development, implementation, and internal analytical skills within Rwanda’s financial sector, including the insurance companies. The research noted that information asymmetry, caused by limited access to and analysis of relevant data, contributes to market inefficiencies. In the insurance context, this could hamper product innovation, financial inclusion, and market competitiveness. Bridging these data capacity gaps is essential for strengthening Rwanda’s insurance sector and enabling it better to support economic development and risk protection for all citizens.

It is in this regard that ASSAR, in partnership with AFR, seeks to hire an experienced consulting firm with strong experience in insurance data analytics and insights generation to provide technical assistance to ASSAR team.

4. Overall objective of the assignment

The primary objective of this consultancy is to provide Technical Assistance (TA) to strengthen the data analytics capacity of ASSAR. This includes supporting the development of a data maturity strategy and its implementation roadmap, offering advisory services through coaching, and training the data team to analyse data effectively. The goal is to enhance decision-making and generate research insights that contribute to the advancement of Rwanda’s insurance industry

Interested bidders must confirm their intention to submit a bid by Thursday August 21, 2025, at 17h00 HRS CAT

Any requests for clarifications to the RFP may be submitted by Tuesday, August 26, 2025, 17h00 HRS CAT.

Bidders should submit their proposals no later than Tuesday September 2, 2025, 2025, 17:00 HRS CAT

Responding bidders are advised that this solicitation does not in any way obligate AFR to make a contract award or compensate the responding firms for any costs associated with the preparation and submission of their proposals. Additionally, AFR may award a contract without conducting negotiations; all proposals should be submitted initially using your most favorable terms. AFR reserves the right to award any resultant contract to other than the offeror submitting the lowest price proposal based on technical excellence, schedule superiority or client request.

All communications regarding this RFP should be addressed via email: procurement02@afr.rw

Below is the summary planned procurement schedule:

Note: This procurement is open to locally registered firms. However, collaboration or joint ventures with foreign firms to enhance technical capabilities are permitted.

Cordially,
Jean Bosco Iyacu
Chief Executive Officer