NAICS 524130: Reinsurance Carriers
This industry comprises establishments primarily engaged in assuming all or part of the risk associated with existing insurance policies originally underwritten by other insurance carriers. Cross-References. Establishments primarily engaged in--Show more
NAICS 524130 – Reinsurance Carriers encompasses firms that provide risk transfer services to primary insurance carriers by assuming portions of their underwritten liabilities, thereby enhancing financial stability and capacity for insurers operating in government-related programs. These entities play a critical role in enabling insurers to underwrite large-scale or high-risk public sector exposures—such as catastrophic event coverage for federal infrastructure, health care programs, or disaster response initiatives—without overextending their capital reserves.
Industry Spending Overview
Federal obligations, top contractors and agencies, and related industry codes for NAICS 524130.
AI Industry Description
NAICS 524130 – Reinsurance Carriers encompasses firms that provide risk transfer services to primary insurance carriers by assuming portions of their underwritten liabilities, thereby enhancing financial stability and capacity for insurers operating in government-related programs. These entities pla...
NAICS 524130 – Reinsurance Carriers encompasses firms that provide risk transfer services to primary insurance carriers by assuming portions of their underwritten liabilities, thereby enhancing financial stability and capacity for insurers operating in government-related programs. These entities play a critical role in enabling insurers to underwrite large-scale or high-risk public sector exposures—such as catastrophic event coverage for federal infrastructure, health care programs, or disaster response initiatives—without overextending their capital reserves. Reinsurers employ sophisticated actuarial modeling, risk pooling, and capital allocation strategies to manage exposure across diverse government-backed portfolios. While not direct service providers to agencies, reinsurance carriers enable the broader insurance ecosystem that supports federal mission continuity, particularly in areas requiring long-tail liability coverage or catastrophe protection. No contractor data is available for this NAICS code, indicating that reinsurance operations are typically conducted by large, privately held financial institutions or multinational insurance conglomerates that may not directly compete for federal contracts under this classification. These firms often operate behind the scenes, supporting primary insurers that do hold federal contracts. No agency data is available, suggesting that government demand for reinsurance services is indirect and embedded within broader insurance procurement activities rather than through standalone reinsurance solicitations. Agencies such as the Federal Emergency Management Agency, Department of Health and Human Services, and Department of Defense may rely on insured entities that, in turn, utilize reinsurance to manage programmatic risk. The market for reinsurance in government contracting is highly specialized and concentrated among a small number of global financial institutions with deep actuarial expertise. Opportunities for contractors are limited to firms that can demonstrate robust capital strength, regulatory compliance, and experience supporting federally insured programs. Procurement trends indicate a growing reliance on reinsurance as public sector risk profiles evolve, particularly in climate resilience and health care expansion initiatives.
Top Contractors
Companies with the highest total award value under NAICS 524130, ranked by dollars won.
| Company | Total Awards | Contracts |
|---|---|---|
| AON RE INC | $0 | 1 |
Top Agencies
Federal agencies directing the most contract spending toward NAICS 524130.
Competition
How many companies historically bid on federal awards in NAICS 524130, from bidder counts reported on USAspending.
Half or more of reported awards drew exactly one bidder, usually a sign of incumbent-held work rather than an open field. · 46 reported awards
Median Bidders
1
Per reported award, all-time
Single-Bid Awards
98%
Share of reported awards with one bidder
10+ Bidder Awards
0%
Share of reported awards with 10+ bidders
Reported Awards
69% of 67 total awards
How this code compares up the NAICS hierarchy. Parent cohorts pool every code under their prefix, so they are the steadier baseline when a 6-digit sample is thin.
| Industry Family | Competition | Median Bidders | Single-Bid | Bidder Mix | Reported Awards |
|---|---|---|---|---|---|
524130This Code Reinsurance Carriers | Usually Single-Bid | 1 | 98% | 4669% of 67 | |
52413NAICS Industry | Usually Single-Bid | 1 | 98% | 4669% of 67 | |
5241Industry Group Insurance Carriers | Usually Single-Bid | 1 | 57% | 6,66467% of 9,931 | |
524Subsector | Usually Single-Bid | 1 | 56% | 14,54170% of 20,740 | |
52Sector Finance and Insurance | Usually Single-Bid | 1 | 71% | 55,82685% of 65,508 |
Bidder counts reported on past federal awards in this NAICS (USAspending). An open opportunity has no bidders yet, so this is the historical norm for similar work, not a fact about this solicitation. Not all awards report bidder counts, and fewer bidders often means incumbent-held work rather than an easier win. Federal reporting of bidder counts fell from ~96% of awards (FY2016) to ~30% (FY2018 onward); the chart shows shares of reported awards, and washed-out stretches mark years with fewer than 30 of them.
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Industries similar to Reinsurance Carriers, by shared sector, subsector, and industry group.
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