Federal NAICS Codes

NAICS 524128

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

Explore obligations, trends, recent awards, and incumbent contractors for NAICS 524128.

NAICS 524128 federal market metrics

Total obligations
$48M
Total awards
300 awards
Active obligations
$16.1M
Size standard
$47,000,000 receipts

What this NAICS covers

NAICS 524128 covers direct insurance carriers that underwrite and issue property, casualty, liability, marine, aviation, and other non-life policies, accepting financial risk and providing policy issuance, premium collection, and risk-bearing insurance services.

Federal opportunities under 524128 typically involve acting as the insurer of record for government property or operations, issuing policy forms with specified limits, performing underwriting, maintaining loss reserves, and managing claims adjudication and payment authority.

FY2025 snapshot

Obligations
$7.4M
Awards
13
Average award
$570K
Change from FY2024
+10.8%

Recent awards

Search contractors

$20,800

BELASCO ERIC

Farm Production and Conservation Business Center

PIID
12FPCP26F0015
PSC
G008 - SOCIAL- GOVERNMENT INSURANCE PROGRAMS: OTHER

$10,129

VERLINGUE

Department of State

PIID
19FR6326F0067
PSC
G009 - SOCIAL- NON-GOVERNMENT INSURANCE PROGRAMS

$26,396

VERLINGUE

Department of State

PIID
19FR6326F0068
PSC
G009 - SOCIAL- NON-GOVERNMENT INSURANCE PROGRAMS

$20,598

BELASCO ERIC

Farm Production and Conservation Business Center

PIID
12FPCP25F0076
PSC
G008 - SOCIAL- GOVERNMENT INSURANCE PROGRAMS: OTHER

FAQ

What work fits NAICS 524128?
  • Issue and underwrite commercial property insurance policies covering government-owned facilities, accepting loss exposure and providing policy documents and certificates of insurance.
  • Provide primary casualty and liability insurance for government operations or contractors where the carrier assumes risk and manages premium billing and endorsements.
  • Administer claims adjudication and payment as the insurer of record, produce loss run reports, and maintain actuarial reserving documentation.
  • Underwrite specialized marine or aviation hull and liability insurance policies with policy forms, certificates of insurance, and insurer-issued endorsements for covered assets.
When is NAICS 524128 a weak fit?
  • Insurance brokers and agents who place coverage but do not underwrite or assume risk are outside this NAICS because they do not issue policies or bear the insurer role.
  • Life, health, and medical insurance carriers are excluded because this NAICS covers non-life insurance classes rather than life or health underwriting.
  • Third-party administrators that only administer claims or process benefits without being the insurer of record lack the underwriting and risk-bearing elements required here.
What solicitation language points to NAICS 524128?
  • Solicitation requires bidders to submit sample policy forms, evidence of underwriting authority, and descriptions of reinsurance arrangements or capital capacity to assume stated risks.
  • Deliverables include loss run reports, actuarial reserving documentation, premium billing schedules, and service-level commitments for claims adjudication and payment.
  • Evaluation factors call out financial strength, insurer ratings or financial statements, and demonstrated authority to underwrite and assume risk for the specified policy limits.

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