Top State Department all other insurance related activities contractors
In the 12 months ending Oct 5, 2026, the Department of State obligated $6.2M in net prime contract dollars under NAICS 524298, down 3.0% from $6.4M in the preceding 12 months. 8 prime contractors received positive obligations, and 2 of them accounted for 80% of that spend.
Prime contracts funded by the Department of State. Latest 12 months: Oct 6, 2025 to Oct 5, 2026. Source: USAspending.gov.
Obligations by fiscal year
Net prime contract obligations by federal fiscal year (October to September).
Top State Department contractors for NAICS 524298
Ranked by positive obligations in the latest 12 months. Share is of all positive obligations in this market.
| # | Contractor | Latest 12 mo | Prior 12 mo | Share | Rank change |
|---|---|---|---|---|---|
| 1 | American Life Insurance Co (Dubai Branch) | $3.9M | $3.8M | 63.3% | — |
| 2 | Bajaj Allianz General Insurance Company Limited | $1.4M | $1.6M | 22.1% | — |
| 3 | Olea Gabon | $402K | $324K | 6.5% | ▲ 1 |
| 4 | Insurance Australia Ltd | $336K | $492K | 5.4% | ▼ 1 |
| 5 | Sinoasia B&R Insurance Company Joint Stock Company | $78K | $114K | 1.3% | — |
| 6 | Miscellaneous Foreign Awardees | $51K | $69K | 0.8% | — |
| 7 | Conseil ET Placement D'assurances ET DE Reassurances CPA | $28K | $0 | 0.5% | New |
| 8 | K-B Insurance Agency, Inc. | $8K | $8K | 0.1% | — |
What changed in the last 12 months
Contractors with the largest change in reported obligations versus the preceding 12 months.
Largest gains
- American Life Insurance Co (Dubai Branch)$3.8M → $3.9M (+$134K) · now #1
- Olea Gabon$324K → $402K (+$77K) · now #3
- Conseil ET Placement D'assurances ET DE Reassurances CPA$0 → $28K (+$28K) · now #7
Largest declines
- Bajaj Allianz General Insurance Company Limited$1.6M → $1.4M (−$192K) · now #2
- Insurance Australia Ltd$492K → $336K (−$157K) · now #4
- Sinoasia B&R Insurance Company Joint Stock Company$114K → $78K (−$36K) · now #5
New to this market
1 contractors received their first obligations in this market (since FY2022) during the latest 12 months. The largest:
| Contractor | First obligation | Latest 12 mo |
|---|---|---|
| Conseil ET Placement D'assurances ET DE Reassurances CPA | Dec 17, 2025 | $28K |
Where the money comes from
Funding sub-agencies within the Department of State, latest 12 months. The funding organization can differ from the office that runs the requirement.
| Funding sub-agency | Latest 12 mo | Prior 12 mo | Change |
|---|---|---|---|
| Department of State | $6.2M | $6.4M | Down $192K (3.0%) |
| International Boundary and Water Commission: U.S.-Mexico | $8K | $8K | Up $0 (0.0%) |
Common questions
Who are the top State Department contractors for NAICS 524298?
In the latest 12 months, American Life Insurance Co (Dubai Branch) ($3.9M), Bajaj Allianz General Insurance Company Limited ($1.4M), Olea Gabon ($402K) received the most State Department obligations for all other insurance related activities.
How concentrated is this market?
The eight largest primes held 100.0% of positive obligations, and American Life Insurance Co (Dubai Branch) alone held 63.3%. 1 contractors won their first obligations in this market during the latest 12 months.
Related markets
Figures are net obligations on prime contracts (award types A–D) from USAspending.gov, grouped by funding agency and the NAICS code on each award. Net obligations include deobligations and corrections, so they can differ from positive-obligation totals. See methodology.
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