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NAICS Code· 524298

NAICS 524298: All Other Insurance Related Activities

This U.S. industry comprises establishments primarily engaged in providing insurance services on a contract or fee basis (except insurance agencies and brokerages, claims adjusting, and third party administration). Insurance advisory services, insurance actuarial services, and insurance ratemaking services are included in this industry. Cross-References. Establishments primarily engaged in--Show more

NAICS 524298 — All Other Insurance Related Activities encompasses a broad spectrum of non-insurance-underwriting services that support the administration, analysis, and operational infrastructure of insurance functions within federal programs. This includes actuarial consulting, risk assessment modeling, claims processing support, regulatory compliance auditing, fraud detection analytics, and insurance policy administration services tailored to government-sponsored health, property, or liability programs.

11
Active Contracts
$42.2M
Total Obligations (12mo)
69
Awarded Contracts (12mo)
19
Contractors Awarded (12mo)
1
Median Bidders per Award
-29.8%
YoY Growth

Industry Spending Overview

Federal obligations, top contractors and agencies, and related industry codes for NAICS 524298.

AI Industry Description

NAICS 524298 — All Other Insurance Related Activities encompasses a broad spectrum of non-insurance-underwriting services that support the administration, analysis, and operational infrastructure of insurance functions within federal programs. This includes actuarial consulting, risk assessment mode...

NAICS 524298 — All Other Insurance Related Activities encompasses a broad spectrum of non-insurance-underwriting services that support the administration, analysis, and operational infrastructure of insurance functions within federal programs. This includes actuarial consulting, risk assessment modeling, claims processing support, regulatory compliance auditing, fraud detection analytics, and insurance policy administration services tailored to government-sponsored health, property, or liability programs. These activities often serve as critical enablers for agencies managing large-scale benefit systems, such as federal employee health benefits or disaster relief insurance mechanisms, and are typically delivered through third-party contractors with deep expertise in public-sector insurance frameworks and data governance standards. Deloitte Consulting LLP stands as the leading contractor in this space, leveraging its enterprise-scale risk and compliance capabilities to deliver integrated insurance operations support across federal missions. The competitive landscape is dominated by large primes with established federal credentials, particularly those with specialized divisions in public sector risk management and actuarial science; small businesses are present but typically serve as subcontractors or niche providers of data analytics or claims workflow automation. The Department of Agriculture is the primary agency awarding contracts under this code, primarily to support crop insurance programs, disaster assistance initiatives, and rural risk mitigation frameworks. Demand is driven by statutory obligations under federal farm bills and the need for robust, audit-ready insurance administration systems that comply with USDA and OMB guidelines. The market is characterized by high regulatory complexity and long contract lifecycles, with opportunities concentrated in modernization of legacy insurance platforms, integration of real-time data feeds for risk modeling, and enhanced fraud detection using machine learning. Contractors with proven experience in federal insurance compliance, HIPAA-aligned data handling, and USDA-specific program structures are best positioned to compete effectively.

Small Business Size Standard

The SBA threshold that decides who can bid NAICS 524298 work as a small business.

$30.5M
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 524298, ranked by dollars won.

Top Agencies

Federal agencies directing the most contract spending toward NAICS 524298.

Competition

How many companies historically bid on federal awards in NAICS 524298, 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. · 1,461 reported awards

Median Bidders

1

Per reported award, all-time

Single-Bid Awards

56%

Share of reported awards with one bidder

10+ Bidder Awards

1%

Share of reported awards with 10+ bidders

Reported Awards

1,461

78% of 1,876 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
524298This Code
All Other Insurance Related Activities
Usually Single-Bid156%
1,46178% of 1,876
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 All Other Insurance Related Activities, by shared sector, subsector, and industry group.

Explore contracts across multiple NAICS codes Browse all NAICS Codes

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NAICS 524298 FAQ

Frequently Asked Questions

NAICS code 524298 covers All Other Insurance Related Activities. This U.S. industry comprises establishments primarily engaged in providing insurance services on a contract or fee basis (except insurance agencies and brokerages, claims adjusting, and third party administration). Insurance advisory services, insurance actuarial services, and insurance ratemaking services are included in this industry. Cross-References. Establishments primarily engaged in--

Recently Posted in All Other Insurance Related Activities

NAICS: 524298
New
Federal
Medicaid Application Assistance Services - Charleston SC
Solicitation # 36C24727Q0048
The Department of Veterans Affairs is soliciting a firm-fixed-price contract for Medicaid Application Assistance Services to support the Ralph H. Johnson VA Medical Center in Charleston, South Carolina, and seven associated community outpatient clinics in Trident, Goose Creek, Myrtle Beach, Beaufort, Hinesville, Savannah, and Conway. The contractor will be responsible for completing Medicaid applications, assisting with long-term care placement, and providing proactive case management through coordination with Medicaid offices, VA staff, patients, and caregivers. This is a non-personnel services contract with a performance schedule consisting of a base period and four one-year option periods. This opportunity is set aside for 8(a) Small Businesses under NAICS code 524298. Award will be based on a comparative evaluation of technical capability, past performance, socioeconomic status, and price, with all factors weighted equally. The contractor must maintain a quality control program monitored via a Quality Assurance Surveillance Plan, focusing on application turnaround time, discharge planning timeliness, and patient satisfaction. Special requirements include significant insurance coverage, including 50 million dollars in general liability, and strict prohibitions against using telecommunications equipment from specific foreign entities. Invoices must be submitted electronically for payment via Electronic Funds Transfer.
247-NETWORK Contract Office 7 (36C247)

POSTED

5 days ago

DEADLINE

in 9 days
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NAICS: 524298
New
SLED
Insurance Consultant Services
Solicitation # 03-27-FIN
The City of New Smyrna Beach is soliciting proposals under RFQ 03-27-FIN for professional insurance consultant services to manage the city's risk and insurance assets. The selected consultant will be responsible for analyzing liability, property, and workers' compensation plans, developing annual premium allocations, and assisting with the development and administration of Requests for Proposals for liability coverages. The contract features an initial three-year term with two optional one-year renewals, for a maximum cumulative term of five years. Payments will be administered in accordance with the Florida Prompt Payment Act. Qualified respondents must designate a Project Manager with at least five years of public-sector insurance consulting experience and relevant credentials, such as a Certified Risk Manager (CRM) designation. Proposals must be submitted via the City's e-Procurement Portal by 2:00 pm on November 6, 2026, and must adhere to a strict 30-page limit and a specific seven-tab organizational structure. Evaluation will be conducted by a committee using a 100-point scoring system, where the lowest proposed fee receives the maximum 25 points for the cost component. Final award authority rests with the City Commission. Required documentation includes a Statement of Insurance Compliance, Vendor Information Form, Disputes Disclosure Form, and Drug-Free Workplace Certification.
Purchasing

POSTED

6 days ago

DEADLINE

in 24 days
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NAICS: 524298
New
Federal
Build America Bureau - Insurance Advisor
Solicitation # RFI_LIA_2026
The Federal Highway Administration is conducting market research through a Sources Sought notice to identify potential Insurance Advisors for the Build America Bureau. The objective is to secure independent advisory services to support credit programs through comprehensive insurance risk assessments, contractual analysis, negotiation support, and ongoing portfolio monitoring. The scope of work covers various asset classes, including highways, transit, rail, ports, aviation, and transit-oriented development, with a specific need for expertise in OT cybersecurity. Anticipated tasks include rapid screening at the early creditworthiness stage, thorough pre-closing risk due diligence on project agreements, and the implementation of scalable protocols for annual policy renewals and claims tracking. This is a request for information and not a formal solicitation for proposals. The agency is seeking industry input on the draft scope of work, realistic turnaround standards, and appropriate pricing arrangements, such as firm-fixed-price, labor-hour with ceiling, or per-review unit pricing. Interested respondents must submit a single electronic document in Word or PDF format by October 13, 2026, adhering to a seven-page limit. Submissions must include a detailed cover page with SAM.GOV Unique Entity ID, business size classifications under NAICS 524298 or 524210, and a technical response addressing firm capacity and experience. The Bureau emphasizes the requirement for genuinely independent advice from parties without placement brokerage commissions or contingent compensation interests.
693JJ3 Acquisition And Grants Mgt

POSTED

7 days ago

DEADLINE

in 16 days
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NAICS: 524298
Federal
R408--Health Care Actuarial Support Services
Solicitation # 36C10G27Q0001
The Department of Veterans Affairs, through the Veterans Health Administration, is conducting market research via a Request for Information and Sources Sought notice for Health Care Actuarial Support Services. The objective is to identify qualified actuarial consulting firms capable of providing modeling and analytical services to project Veteran enrollment, healthcare demand, and associated costs over a 21-year horizon. A primary focus of the requirement is the development and maintenance of the VA Enrollee Health Care Projection Model (EHCPM), which supports the Presidential Budget submission, policy analysis, and strategic capital and workforce planning. The anticipated period of performance includes a twelve-month base period with four twelve-month option periods. Technical requirements specify that key personnel must possess at least five years of relevant healthcare actuarial experience, with the Program Manager holding an Associate of the Society of Actuaries (ASA) designation and other principal actuaries holding Fellow of the Society of Actuaries (FSA) designations. Expertise in SAS, SQL, and quality control is required, and personnel must meet federal citizenship and security clearance standards. The contractor will be expected to provide on-site support in Washington, D.C., approximately six times per year to align with budget and strategic planning timelines. Interested vendors must submit capability statements, business size information, and feedback on the draft Statement of Objectives by 2:00 PM on October 21, 2026.
Strategic Acquisition Center Fredericksburg (36C10G)

POSTED

14 days ago

DEADLINE

in 8 days
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NAICS: 524298
International
Actuarial Services
Solicitation # FIN-68-2026
The Corporation of the Municipality of Leamington is soliciting proposals for professional actuarial services to manage reporting and disclosure requirements for post-employment benefits and non-vested accumulated sick pay. The selected provider will ensure compliance with PS 3250 Retirement benefits, PS 3255 Post-employment benefits, and general PSAB accounting and financial reporting standards. Key deliverables include a full actuarial valuation and PS 3250 disclosure report as of December 31, 2026, with projections for 2027 and 2028, followed by extrapolated accounting and disclosure reports for the subsequent two years if significant demographic or plan changes occur. All valuations and disclosures for the initial period must be completed by March 31, 2027. The contract is scheduled for a three-year term beginning in November 2026, with an option for a one-year extension upon mutual agreement. Proposals must be submitted electronically by October 23, 2026, and must include a firm quotation in Canadian funds, exclusive of HST, along with a proposed billing schedule. Evaluation is based on organizational qualifications, approach, and cost, with the lowest-cost proposal receiving maximum points for the fee component. Additionally, successful proponents must meet health and safety qualification standards, maintain strict confidentiality, and coordinate directly with the Director of Financial Services, Technology and Funding Strategies.
Municipality of Leamington

POSTED

27 days ago

DEADLINE

in 10 days
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