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Q3. Will RAF provide the formulas to calculate the claims Answer The formulas should be in-built in the software as per specification eg the bootstrapping and stochastic models. Q2. The current software will it be integrated to the current RAF claims system Answer No there is no need to integrate it. Q and A Pack RAF/2014/00011 Request For Claims Liability Valuation Software for the RAF. EMPLOYER The Road Accident Fund RAF RFP NUMBER DESCRIPTION Request for Bid Claims Liability Valuation...
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