Federal NAICS Codes

NAICS 524298

All Other Insurance Related Activities

Explore obligations, trends, recent awards, and incumbent contractors for NAICS 524298.

NAICS 524298 federal market metrics

Total obligations
$2.5B
Total awards
1,373 awards
Active obligations
$78.8M
Size standard
$30,500,000 receipts

What this NAICS covers

NAICS 524298 covers insurance-related activities not classified elsewhere, including claims processing and administration, premium and policy transaction handling, underwriting support services, risk data processing, and other specialized administrative functions for insurers and intermediaries.

Federal opportunities under 524298 typically involve contracting administrative services to process insurance transactions and claims, provide premium and policy accounting, deliver risk or underwriting data support, generate transaction records and reporting, and maintain audit trails for insurer operations.

FY2025 snapshot

Obligations
$45.4M
Awards
65
Average award
$698.2K
Change from FY2024
-23.2%

Recent awards

Search contractors

$1,057,296

CONDUENT FEDERAL SOLUTIONS LLC

Office of the Assistant Secretary for Administration and Management

PIID
1605C326C0006
PSC
R406 - SUPPORT- PROFESSIONAL: POLICY REVIEW/DEVELOPMENT

$16,400

MBA ACTUARIES LLC

Farm Production and Conservation Business Center

PIID
12FPC126F0067
PSC
G008 - SOCIAL- GOVERNMENT INSURANCE PROGRAMS: OTHER

$296,325

TAYLOR & MULDER INC

Internal Revenue Service

PIID
2023H226C00017
PSC
R424 - SUPPORT- PROFESSIONAL: EXPERT WITNESS

$2,132,174

MILLIMAN INCORPORATED

Federal Emergency Management Agency

PIID
70FA6026C00000001
PSC
R499 - SUPPORT- PROFESSIONAL: OTHER

$244,800

TAYLOR & MULDER INC

Internal Revenue Service

PIID
2023H226P00233
PSC
R424 - SUPPORT- PROFESSIONAL: EXPERT WITNESS

$212,500

RUSSELL, DAVID T

Internal Revenue Service

PIID
2023H226P00222
PSC
R424 - SUPPORT- PROFESSIONAL: EXPERT WITNESS

$16,400

MBA ACTUARIES LLC

Farm Production and Conservation Business Center

PIID
12FPC126F0031
PSC
G008 - SOCIAL- GOVERNMENT INSURANCE PROGRAMS: OTHER

FAQ

What work fits NAICS 524298?
  • Third-party claims administration including intake, adjudication, payment issuance, and secure handling of claimant PII with audit-ready transaction logs.
  • Policy administration services covering endorsements, cancellations, premium accounting, and monthly reconciliation reports delivered to the contracting entity.
  • Fraud analytics support that provides ranked case lists, performance metrics for detection models, and documented model validation results for adjudicators.
  • Run-rate indemnification administration providing reserve accounting, aged claims reports, recoveries tracking, and monthly status dashboards for program managers.
When is NAICS 524298 a weak fit?
  • Insurance brokerage and marketing services where the primary activity is selling or procuring policies rather than administering claims or processing transactions under contract.
  • Actuarial consulting engagements that deliver pricing models, loss projections, or model development without ongoing transaction processing or operational claims handling.
  • IT hosting or software-as-a-service procurements where deliverables are infrastructure, platform hosting, or software licensing rather than insurance processing, adjudication, or administrative operations.
What solicitation language points to NAICS 524298?
  • Performance metrics specifying claims adjudication cycle time, first-pass payment accuracy, and financial penalties for improper payments.
  • Statements of work requiring HITRUST or SOC 2 controls, documented PII handling procedures, and personnel background checks for claims processors.
  • Line items requiring monthly reports of claim counts, aged reserves, recoveries, paid-loss reconciliation, and integration with financial accounting records.

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