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NAICS Code· 524291

NAICS 524291: Claims Adjusting

This U.S. industry comprises establishments primarily engaged in investigating, appraising, and settling insurance claims.Show more

NAICS 524291 – Claims Adjusting encompasses the professional services involved in evaluating, investigating, and settling insurance claims on behalf of government entities or their contractors. This includes assessing liability, verifying damages, determining benefit eligibility, and negotiating settlements for property, casualty, workers’ compensation, and health-related claims arising from federal programs or contracted services.

6
Active Contracts
$134K
Total Obligations (12mo)
2
Awarded Contracts (12mo)
2
Contractors Awarded (12mo)
1
Median Bidders per Award
-97.8%
YoY Growth

Industry Spending Overview

Federal obligations, top contractors and agencies, and related industry codes for NAICS 524291.

AI Industry Description

NAICS 524291 – Claims Adjusting encompasses the professional services involved in evaluating, investigating, and settling insurance claims on behalf of government entities or their contractors. This includes assessing liability, verifying damages, determining benefit eligibility, and negotiating set...

NAICS 524291 – Claims Adjusting encompasses the professional services involved in evaluating, investigating, and settling insurance claims on behalf of government entities or their contractors. This includes assessing liability, verifying damages, determining benefit eligibility, and negotiating settlements for property, casualty, workers’ compensation, and health-related claims arising from federal programs or contracted services. Claims adjusters often work within structured regulatory frameworks such as the Federal Employees’ Compensation Act or defense-related insurance mandates, applying actuarial principles, forensic analysis, and compliance protocols to ensure accurate and lawful disposition of claims. In the government contracting landscape, this function supports risk management, fiscal accountability, and operational continuity across agencies that administer benefit programs or oversee large-scale procurement with embedded insurance obligations. No contractor data is available to identify leading firms in this NAICS code. However, firms operating in this space typically include specialized third-party administrators, insurance services contractors, and boutique claims management firms, ranging from small businesses with niche expertise to larger primes offering integrated risk and compliance solutions. No agency data is available to identify primary buyers. Nonetheless, agencies with substantial benefit programs—such as those managing federal employee health and injury compensation, military healthcare support, or disaster recovery initiatives—are likely to require claims adjusting services to ensure regulatory adherence and efficient resource allocation. The competitive landscape for claims adjusting in government contracting is characterized by high compliance requirements and low barriers to entry for qualified specialists, resulting in a fragmented but highly regulated market. Opportunities exist for contractors with deep domain knowledge in federal benefit statutes, data integrity standards, and audit-ready documentation practices. Demand is driven by ongoing modernization of claims processing systems and increased scrutiny over expenditure accuracy, creating a steady need for experienced, compliant adjusters.

Small Business Size Standard

The SBA threshold that decides who can bid NAICS 524291 work as a small business.

$25.0M
Applies to the whole industry code

The SBA cap for this NAICS (13 CFR 121.201). A business at or under it can self-certify as small for work in this code, which is what makes it eligible for a small-business set-aside. The cap is set per NAICS, so the same company can be small in one code and not in another.

13 CFR 121.201, effective January 1, 2026. The SBA revises the table roughly once a year.

Top Contractors

Companies with the highest total award value under NAICS 524291, ranked by dollars won.

Ranked by total awards
CompanyTotal AwardsContracts
MERATIVE US L.P.$99K1
GLOBAL AEROSPACE, INC$35K1

Top Agencies

Federal agencies directing the most contract spending toward NAICS 524291.

Competition

How many companies historically bid on federal awards in NAICS 524291, from bidder counts reported on USAspending.

Usually Single-Bid

Half or more of reported awards drew exactly one bidder, usually a sign of incumbent-held work rather than an open field. · 991 reported awards

Median Bidders

1

Per reported award, all-time

Single-Bid Awards

52%

Share of reported awards with one bidder

10+ Bidder Awards

15%

Share of reported awards with 10+ bidders

Reported Awards

991

92% of 1,079 total awards

Bidder Count Distribution by Fiscal Year

Share of reported awards in each bidder-count bracket per federal fiscal year.

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 FamilyCompetitionMedian BiddersSingle-BidBidder MixReported Awards
524291This Code
Claims Adjusting
Usually Single-Bid152%
99192% of 1,079
52429NAICS Industry
Usually Single-Bid159%
3,78279% of 4,765
5242Industry Group
Agencies, Brokerages, and Other Insurance Related Activities
Usually Single-Bid155%
7,88673% of 10,834
524Subsector
Usually Single-Bid156%
14,57070% of 20,803
52Sector
Finance and Insurance
Usually Single-Bid171%
55,86385% of 65,585

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.

Related NAICS Codes

Industries similar to Claims Adjusting, by shared sector, subsector, and industry group.

Insurance Agencies and Brokerages

This industry comprises establishments primarily engaged in acting as agents (i.e., brokers) in sell...
524210Same Industry GroupHigh Similarity

Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds

This U.S. industry comprises establishments primarily engaged in providing pharmacy benefit manageme...
524292Same Industry GroupHigh Similarity

All Other Insurance Related Activities

This U.S. industry comprises establishments primarily engaged in providing insurance services on a c...
524298Same Industry GroupHigh Similarity

Direct Life Insurance Carriers

This U.S. industry comprises establishments primarily engaged in initially underwriting (i.e., assum...
524113Same SubsectorMedium Similarity

Direct Health and Medical Insurance Carriers

This U.S. industry comprises establishments primarily engaged in initially underwriting (i.e., assum...
524114Same SubsectorMedium Similarity

Direct Property and Casualty Insurance Carriers

This U.S. industry comprises establishments primarily engaged in initially underwriting (i.e., assum...
524126Same SubsectorMedium Similarity

Direct title Insurance Carriers

This U.S. industry comprises establishments primarily engaged in initially underwriting (i.e., assum...
524127Same SubsectorMedium Similarity

Other Direct Insurance (except Life, Health, and Medical) Carriers

This U.S. industry comprises establishments primarily engaged in initially underwriting (e.g., assum...
524128Same SubsectorMedium Similarity

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NAICS 524291 FAQ

Frequently Asked Questions

NAICS code 524291 covers Claims Adjusting. This U.S. industry comprises establishments primarily engaged in investigating, appraising, and settling insurance claims.

Recently Posted in Claims Adjusting

NAICS: 524291
New
International
MULRFQ 2728-2
Solicitation # MULRFQ 2728-2
Solicitation MULRFQ 2728-2 is a Request for Qualifications issued by the Ministry of Agriculture and Food for the Province of British Columbia to establish a Multi-Use List of Qualified Suppliers. The objective is to identify qualified providers for Production Insurance Claims Adjusting services specifically for tree fruit and grapes. The scope of work includes conducting appraisals to determine potential crop yields, performing underwriting inspections, confirming warranties, managing loss control, and reporting on the health and vigour of plants. These services will be performed across various regions of British Columbia, including the Okanagan Valley, Similkameen Valley, Vancouver Island, Fraser Valley, and the Kootenays. The qualification process is conducted in three stages, beginning with a review of mandatory criteria, followed by a point-based evaluation of desirable qualifications where a minimum overall score of 73 is required to pass, and concluding with reference checks. Respondents must provide their own transportation and mandatory equipment, including a digital camera, laptop, and cell phone, while possession of an ATV and hand-held GPS is considered desirable. Qualified suppliers will be eligible to receive future Competition Notices on a non-exclusive, as-needed basis. Submissions must be in English and include the Respondent Qualification Form, Resource Qualification Forms for key personnel, and required resumes, with a response deadline of December 5, 2026.
Ministry of Agriculture and Food

POSTED

3 days ago

DEADLINE

in about 2 months
View Details
NAICS: 524291
International
Insurance Claims Adjusting Services
Solicitation # 2026-142-T
The Town of Halton Hills is soliciting bids for a qualified independent claims adjusting firm licensed by the Financial Services Regulatory Authority of Ontario to provide professional claims adjusting services on an as-required basis. The scope of work encompasses a wide range of claim types, including general liability, property damage, automobile liability, professional liability, environmental liability, and drone liability. The successful contractor will be responsible for claim investigations, liability assessments, settlement negotiations, and litigation support. Key performance requirements include completing routine field inspections within five business days, urgent inspections within 24 to 48 hours, and responding to Town inquiries within one business day. Bidders must designate a Lead Adjuster with at least five years of experience in municipal liability claims, along with a qualified Backup Adjuster and a management-level contact for escalations. Evaluation is based on qualifications, experience, and past performance, requiring at least three client references from the last five years, two of which must be municipal. Submissions must be made electronically by October 27, 2026, at 2:00 p.m. local time. The contract requires adherence to Ontario provincial standards, including the Occupational Health and Safety Act and the Accessibility for Ontarians with Disabilities Act, and mandates compliance with MFIPPA privacy legislation. Payments will be made in Canadian currency via electronic transfer within 30 days of receiving an approved invoice.
Town of Halton Hills

POSTED

12 days ago

DEADLINE

in 14 days
View Details
NAICS: 524291
International
Request for Proposal (RFP) for Insurance Claims Adjusting Services
Solicitation # C03-46
The City of Greater Sudbury is seeking primary and secondary service providers to deliver independent insurance claims adjusting, investigation, evaluation, and resolution services to support its Risk Management program. The scope of work includes claims intake, field investigations, municipal liability analysis, loss assessment, and litigation support for both insured and self-insured claims, including specialized environmental and infrastructure losses. Key operational requirements include 24/7 emergency response protocols for catastrophic events, a requirement for the lead adjuster to attend major scenes within two hours, and the completion of physical field inspections within three to five business days. The selected provider must maintain an office within 200 km of the City and ensure all adjusters are licensed with the Financial Services Regulatory Authority of Ontario. The contract features an initial one-year term starting March 1st, with the City holding the option to extend for four additional one-year terms. Proponents must be Non-US Suppliers and demonstrate specific expertise in Ontario’s Minimum Maintenance Standards to defend against winter maintenance and pothole claims. Evaluation is conducted through a multi-stage process involving pass/fail eligibility criteria—including financial capacity and health and safety compliance—followed by scored technical and financial assessments. Compensation is based on a fee structure comprising hourly rates, claim set-up fees, and data ownership fees, with invoicing typically occurring upon the closure of each claim file.
City of Greater Sudbury

POSTED

18 days ago

DEADLINE

in 14 days
View Details
NAICS: 524291
Closed
SLED
SMPD_PS_RFP 523121_ Personal Injury and Claims Investigation and Adjustment Services
Solicitation # RFP 523121
The New York City Housing Authority (NYCHA) has issued RFP 523121 to solicit proposals from investigation firms for professional investigative and adjustment services. The scope of work includes investigating personal injury and property damage claims filed against the agency, as well as adjusting specific property damage claims and those arising under Regulation 68 of the New York State Insurance Law, also known as the No-Fault Law. The resulting contract is expected to have a term of three years, with the possibility of two additional one-year renewals. Performance of these services will take place citywide across various developments throughout the state of New York. Interested firms must submit their proposals electronically through the iSupplier portal no later than 2:00 P.M. EST on October 13, 2026. Submission requirements are strict: the cost proposal must be uploaded in Excel format, while all other proposal components must be contained within a single PDF file. NYCHA will not accept hardcopies, emails, faxes, or mail, and proposals containing embedded documents or proprietary file extensions will be rejected. A non-mandatory online proposers' conference is scheduled for September 22, 2026, via Microsoft Teams. The anticipated award date for the selected proposer(s) is on or about January 2027.
New York City Housing Authority

POSTED

28 days ago

CLOSED

about 3 hours ago
View Details
NAICS: 524291
Closed
SLED
Liability Claims Adjusting Services RFP
Solicitation # 2026-RFP-0086
Sacramento County is seeking a qualified Third-Party Administrator (TPA) to provide professional liability claims adjusting services from July 1, 2027, through June 30, 2030, with a potential three-year extension. The selected TPA will manage the investigation, evaluation, processing, and settlement of bodily injury, personal injury, and property damage claims, while coordinating litigation and subrogation activities. All services must adhere to the PRISM Liability Claims Administration and Defense Counsel Standards and relevant California Governmental Code provisions. The TPA is responsible for completing initial investigations within 45 days of the County's knowledge of a claim and must provide updates on changes to statutes and case law affecting the liability program. Qualified bidders must have at least 10 years of experience as a TPA for California public entities, specifically including law enforcement and employment claims, and must maintain an office within Sacramento County or within 35 miles of the County Administration building. The contract requires a principal adjuster with at least 10 years of experience in defending public entity claims and proficiency in the California Tort Claims Act. Evaluation of proposals is based on approach and methodology, relative cost, technical capability, responsiveness, and conformance to the PRISM standards and sample contract. The contractor will operate as an independent entity and must comply with California state laws, including economic sanctions and HIPAA regulations for protecting health information.
Personnel Services

POSTED

about 2 months ago

CLOSED

10 days ago
View Details

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