Insurance brokering, risk management, and insurance services for government entities.
Federal Spending
$1B+ annually
Market Outlook
Stable demand (+2% annually). Government benefits complexity = ongoing need for insurance expertise.
Common Federal Contracts
1
Government employee benefits administration
2
Risk management consulting
3
Claims administration
4
Insurance brokering services
Contractor Competitive Advantage
Insurance expertise = high value. Government employee benefits = large contracts. Recurring revenue from contracts.
Relevant Certifications
8(a)
WOSB
Top Procuring Agencies
How to Win in This Sector
- 1. Verify Your NAICS: Make sure this NAICS code matches your primary business activity. You can only claim set-asides for your primary NAICS.
- 2. Apply for Certifications: Most contracts in this sector allow 8(a), WOSB, HUBZone, or SDVOSB certifications. These give you advantages in bidding.
- 3. Target Top Agencies: Identify the top 3 agencies hiring in this sector and research their procurement needs.
- 4. Assess Your Advantage: Review the competitive advantages above and determine how your firm differentiates.
- 5. Build Relationships: Attend industry days, connect with contracting officers, and respond to RFIs (Requests for Information).