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Insurance Sector
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TenderSystem OS is released by ValueCard under the TenderSystem Public License at


Procurement process ValueCard TenderSystem is an Internet based procurement system for the replacement of personal lines and small commercial insurance claims. Launched in August 2002, it enables insurance companies and brokers to improve their loss ratio and client service.

This tried and tested technology leverages the age-old principle of supply and demand through formulated business procedures. This ensures that our clients settle claims at the best possible prices, at a lower administration and management cost, than any other method.

Unlike standard B2B procurement systems TenderSystem is interactive and therefore does not require merchants to update a catalogue on a daily basis. Merchants quote by e-mail, SMS or the Internet and receive purchase orders electronically.

Claimants receive a better service as claims are completed much quicker, currently within 3 business hours, which is the same time as cash-settlements and notified by SMS when a claim has been approved.

Click here to view TenderSystem benefits.

TenderSystem Fraudulent insurance claims on the rise Send this story to someone  Printer-friendly page 
WILLEM Smith, CEO of the direct short-term insurer iWYZE, tells a true story of a client who tried to claim insurance for a stolen vehicle he had never owned, but for which he had been paying premiums for six months.

When the insurer decided to investigate as is standard procedure before a claim is processed shocking facts emerged.

The client could not produce the sale agreement. Nor could he locate the ignition key of the "stolen" vehicle. He claimed to have misplaced the keys.

To cut a long story short, he admitted he had been caught out.

Note: Written by Sure Kamhunga

Business Day
Wednesday, July 27, 2011   Read more...  4350 bytes more

TenderSystem Insurance fraud on rise as money gets tight Send this story to someone  Printer-friendly page 
Cash-strapped and desperate, many South Africans are reporting false hijackings, housebreakings and other theft claims in order to get rid of their monthly repayments and be paid out by insurance companies for the allegedly stolen goods. Insurance investigators report that there has been an increase in the number of people staging housebreakings to make extra money from insurance policies or claiming their vehicles were hijacked or stolen because they could no longer afford them.

Note: Written by Bronwyn Gerretsen

Cape Argus
Saturday, July 05, 2008   Read more...  3054 bytes more

TenderSystem ValueCard has moved offices Send this story to someone  Printer-friendly page 
After 6 years at our previous premises ValueCard has moved offices and our new contact details are as following:

Tel: (021) 852-5420
Fax: 086-680-1401 (unchanged)

Physical address:

10 Hole in the Wall
93 Main Road
co Main and Fagan Road
Somerset West

Postal address:

PO Box 1250
Somerset West

If you are in the area please stop by for a coffee and do not hesitate to contact us if you have any questions.
Tuesday, April 01, 2008     

TenderSystem Insurers to get tough on crime Send this story to someone  Printer-friendly page 
The insurance industry is looking to establish an insurance crime bureau, the South African Insurance Association (SAIA) has revealed in its latest newsletter.

It said that the ICB would not replace existing investigative units in member companies but would only become involved when more than one company was involved, serial offenders were identified and the involvement of organised crime was identified.

The investigative units of individual companies would remain in place to investigate member specific fraud and crime, it added.

Note: fin24
Thursday, January 31, 2008   Read more...  1457 bytes more

TenderSystem ValueCard system upgrade Send this story to someone  Printer-friendly page 
ValueCard have upgraded our systems to ensure that clients receive the expected performance while supporting the increased growth.

This essential work is part of our ongoing efforts to improve our systems and will lead to a number of exciting service developments we plan to announce in the very near future.

If you are not able to access the new systems please ask your system administrator to provide access to the new IP addresses.
Sunday, September 30, 2007     
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Client Comments

Just a quick note to thank you for the excellent service you are providing to us and our clients.

Much appreciated, working with you is a pleasure and we look forward to a long and rewarding relationship with ValueCard.

-- Diane Smith
    LGI Risk Management

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Thursday, December 07
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Wednesday, April 05
·TenderSystem receives Community Choice Awards Nomination (0)
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