Federal NAICS Codes

NAICS 524126

Direct Property and Casualty Insurance Carriers

Explore obligations, trends, recent awards, and incumbent contractors for NAICS 524126.

NAICS 524126 federal market metrics

Total obligations
$105.9M
Total awards
494 awards
Active obligations
$8.7M
Size standard
1,500 employees

What this NAICS covers

NAICS 524126 covers insurance carriers that underwrite and assume direct property and casualty insurance risks, issue commercial and personal policies, set premiums, manage reserves, and perform policy issuance and claims-paying functions.

Federal opportunities under 524126 typically involve third-party administration or reinsurance procurement that relies on carriers for underwriting, policy documents, premium billing, claims payment, loss reserving, and statutory financial reporting.

FY2025 snapshot

Obligations
$986.3K
Awards
27
Average award
$36.5K
Change from FY2024
-51.4%

Recent awards

Search contractors

$136,000

ASEGURADORA ANCON, S.A.

Department of State

PIID
19PM0726P0294
PSC
G008 - SOCIAL- GOVERNMENT INSURANCE PROGRAMS: OTHER

$16,994

NFP CANADA CORP.

Department of State

PIID
19CA5226F0210
PSC
G009 - SOCIAL- NON-GOVERNMENT INSURANCE PROGRAMS

$17,515

NFP CANADA CORP.

Department of State

PIID
19CA5226F0185
PSC
G009 - SOCIAL- NON-GOVERNMENT INSURANCE PROGRAMS

$5,502

XENTURIS LLC

US Geological Survey

PIID
140G0126F0030
PSC
R499 - SUPPORT- PROFESSIONAL: OTHER

$19,740

CONCORDIA

Department of State

PIID
19BE2026F0122
PSC
G008 - SOCIAL- GOVERNMENT INSURANCE PROGRAMS: OTHER

$10,344

SEGUROS CREFISA SA

Department of State

PIID
19H08026F0065
PSC
G009 - SOCIAL- NON-GOVERNMENT INSURANCE PROGRAMS

FAQ

What work fits NAICS 524126?
  • Underwrite and issue commercial property insurance policies with specified coverage forms, limits, and endorsements.
  • Provide commercial general liability and umbrella liability insurance with policy issuance, premium accounting, and claims payment from the carrier balance sheet.
  • Offer commercial auto insurance programs including policy issuance, billing, and settlement of liability and physical damage claims.
  • Administer claims-paying functions and loss reserving for covered losses, including producing actuarial loss reserve schedules and statutory financial filings.
When is NAICS 524126 a weak fit?
  • Insurance brokerage or agent services that place coverage but do not underwrite or assume risk on their own balance sheet.
  • Third-party administrators that handle claims processing, billing, or policy administration without assuming underwriting risk or issuing policies in their name.
  • Reinsurance-only transactions where the contractor acts solely as a reinsurer taking ceded risk rather than issuing primary direct insurance policies to policyholders.
What solicitation language points to NAICS 524126?
  • Request for carrier underwriting submissions including sample policy forms, required endorsements, proposed limits, and premium rate schedules.
  • Requirement to provide admitted carrier documentation, annual statutory financial statements, and actuarial loss reserve schedules as part of the proposal.
  • Contract terms specifying carrier responsibility for claims payment, policyholder notices, premium invoicing, and delivery of policy documents and endorsements.

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