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Awarded contract·Arkansas State University·Arkansas

Insurance Affinity Partnership

Won by Augeo$1MSingle Award
Contract source

Awarded vendors

  • Augeo

Description

This contract awards Augeo the right to serve as the insurance affinity partnership provider for “A State”. The solicitation (RFQ No. 21-29) was opened on May 12 2021 and the award was made to Augeo, though the exact award date, contract term, and financial details were not disclosed. The partnership likely involves coordinating insurance products for members associated with the state entity, leveraging Augeo’s platform to manage enrollment, administration, and possibly claims processing. • Commodity: Insurance Affinity Partnership • Awarded Vendor: Augeo (single‑award) • Solicitation opened: May 12 2021 (RFQ 21‑29) • Agency contact: [email protected] (no phone or address supplied) • No public award date, term length, or contract value disclosed.

Attached files

The award documents live at the source — open the contract source above to download them.

Key dates

Bids closed
5/12/2021
Starts
5/12/2021

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Insurance
NAICS
524210
Solicitation №
21-29

Contract value

$1,000,000

No monetary value is disclosed in the source material. An insurance affinity partnership typically involves managing group insurance enrollment for a sizable member base; contracts of this nature at state‑level institutions often range from a few hundred thousand to several million dollars annually, depending on the size of the covered population and the breadth of coverage options. Assuming a mid‑size state entity with 10,000–20,000 covered members and an average premium contribution of $500 per member per year, the annual premium volume could be $5–10 million. The service fee for the partnership is usually a small percentage of premium volume (e.g., 3‑5%). Using a 4% fee on a $7.5 million premium estimate yields an approximate contract value of $300,000 per year. If the contract term is three years, the total value would be around $900,000. Therefore, a reasonable ball‑park estimate for the contract’s total value is roughly **$1 million**.

AI estimate from the award documents

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