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
1,389 awards
Active obligations
$92.2M
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
$698.1K
Change from FY2024
-23.2%

Recent awards

Search contractors

$1,082,825

TAYLOR & MULDER INC

Internal Revenue Service

PIID
2023H226C00031
PSC
R424 - SUPPORT- PROFESSIONAL: EXPERT WITNESS

$884,650

RUSSELL, DAVID T

Internal Revenue Service

PIID
2023H226C00034
PSC
R424 - SUPPORT- PROFESSIONAL: EXPERT WITNESS

$16,317

THE PERKINS GROUP, INC.

Farm Production and Conservation Business Center

PIID
12FPC126F0088
PSC
G008 - SOCIAL- GOVERNMENT INSURANCE PROGRAMS: OTHER

$335,511

INSURANCE AUSTRALIA LTD

Department of State

PIID
19AS2026C0004
PSC
G009 - SOCIAL- NON-GOVERNMENT INSURANCE PROGRAMS

$175,030

TAYLOR & MULDER INC

Internal Revenue Service

PIID
2023H226P00288
PSC
R424 - SUPPORT- PROFESSIONAL: EXPERT WITNESS

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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