Panama health and life insurance contract 2023-2028
Active Indefinite Delivery Contract Awarded Last action
- Contract number
- 19PM0724D0001
- Awardee
-
Aseguradora Ancon, S.A. UEI DR4NH9JQR8N7
- Awarding agency
-
US Embassy Panama City
US Consulates and Embassies, Department of State
- Task orders
- 36 $3,225,928 obligated
Award facts
- Opportunity
-
- Health & Life Insurance Services for U. S. Embassy Panama Pre-Solicitation · 19PM0722R0001 · Posted Jul 15, 2022
- Combined order value
- $3,225,928 Current and potential, with all options
- Last date to order 58% complete
- IDV ceiling 60% used
- $5,392,292.70
- Award type
- Single award
- Who can order
- Only the awarding agency
- Funding agency
- Bureau of Western Hemisphere Affairs Department of State
- NAICS code
- 524114 Direct Health and Medical Insurance Carriers
- Set-aside
- No set-aside
- Competition
- Full and Open Competition · 2 offers Negotiated Proposal / Quote
- Pricing
- Fixed Price with Economic Price Adjustment
Award details come from SAM.gov/FPDS.
About this IDV
The Department of State, Bureau of Western Hemisphere Affairs, awarded a single-award Indefinite Delivery Contract to Aseguradora Ancon, S.A. on December 1, 2023, with a ceiling value of $5,392,292.70 and an ultimate completion date of November 30, 2028.
Place of performance is Panama. The IDV provides health, life, and aviation insurance coverage for approximately 210 local U.S. Embassy employees stationed in Panama, supporting the State Department's diplomatic operations in the region.
The contract structure comprises a base year plus four one-year option periods and uses fixed-price pricing with economic price adjustment provisions to accommodate cost fluctuations over the five-year period. Monthly delivery orders issued under this IDV typically range from $77,520 to $98,796.
Since award, the Bureau of Western Hemisphere Affairs has issued 31 delivery orders under this vehicle. Recent monthly orders from 2026 include a $100,725.40 order for September 30–October 31 coverage (awarded September 24, 2026), a $95,104.06 order for August 1–31 coverage (awarded August 6, 2026), and a $95,158.06 order for June 1–30 coverage (awarded May 28, 2026). A September 28, 2026 delivery order valued at $44,789.76 represents a payment increase covering December 1, 2025, through July 31, 2026. All delivery orders carry fixed-price with economic price adjustment pricing and maintain Panama as the place of performance.
Aseguradora Ancon operates exclusively as a prime contractor with no subcontract footprint, executing all work directly.
Task orders
Show all 36
Transactions
| Action | Obligated | Date |
|---|---|---|
| Supplemental Agreement for work within scope | $0 | |
| Supplemental Agreement for work within scope | $0 | |
| Exercise an Option | $0 | |
| Supplemental Agreement for work within scope | $0 | |
| Supplemental Agreement for work within scope | $0 | |
| Exercise an Option | $0 | |
| Supplemental Agreement for work within scope | $0 | |
| Supplemental Agreement for work within scope | $0 | |
| Supplemental Agreement for work within scope | $0 |
Quick answers
Who was awarded contract 19PM0724D0001?
19PM0724D0001 was awarded to Aseguradora Ancon, S.A. by US Embassy Panama City (US Consulates and Embassies) on December 1, 2023.
How much is contract 19PM0724D0001 worth?
Orders under 19PM0724D0001 have obligated $3,225,928. 19PM0724D0001's own ceiling is $5,392,293.
How many orders have been placed under contract 19PM0724D0001?
36 orders have been placed under 19PM0724D0001, the latest on September 28, 2026.
Which agency awarded contract 19PM0724D0001?
US Embassy Panama City (US Consulates and Embassies) awarded 19PM0724D0001, with funding from Bureau of Western Hemisphere Affairs (Department of State).
Who can order from contract 19PM0724D0001?
19PM0724D0001 is a single award indefinite delivery contract. Only the awarding agency can place orders on it.
Was contract 19PM0724D0001 competed?
The extent of competition for 19PM0724D0001 was full and open competition. The government received 2 offers.
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