Bulstrad Life Vienna Insurance Group EAD

Bulstrad Life Vienna Insurance Group EAD, a Cyprus-based insurance provider, operates as a prime contractor delivering health, life, and medical insurance services to the U.S. Department of State's Bureau of European and Eurasian Affairs on a full-and-open, non-set-aside basis across three single-award IDIQ vehicles covering diplomatic missions in Cyprus and Croatia. The for-profit parent company holds three named subsidiaries — Wiener Stadtische Osiguranje Ado Beograd, Insurance Company GPI Holding JSC, and Sigma Vienna Insurance Group Sh.a.- Dega Kosove — and has maintained federal contracting registration since February 2015.

Bulstrad's federal footprint is sharply concentrated in a single customer and geographic region. The Department of State Bureau of European and Eurasian Affairs accounts for 65 of 66 awards (99% of the portfolio by count and 100% of combined potential value at $7.7 million), with one additional award to the US Embassy Zagreb for $5,000. The vendor competes exclusively as a prime contractor — zero subcontract work in the source data — and holds no position on government-wide vehicles or multi-award contracts. Work is performed in Egkomi, Cyprus and Zagreb, Croatia exclusively.

Bulstrad's three IDIQ vehicles anchor the business: a $2,798,372 Cyprus health and life insurance contract (19CY6021D0002) extending through March 31, 2026; a $1,744,802 Zagreb, Croatia health insurance contract (19GE5021D0032) extending through February 28, 2027; and a $163,973 Cyprus life insurance contract extending through January 31, 2027. These vehicles generate 63 of 66 awards in the form of monthly or multi-month delivery orders, with typical values ranging from $33,000 to $130,650. Representative delivery order work includes a $95,595 firm-fixed-price order issued March 1, 2026, for health insurance services in Zagreb through August 31, 2026; a $84,716 December 2025 order covering January and February 2026 LES medical insurance in Cyprus; and a $42,398 February 2026 order for medical insurance estimation and finalization services in Cyprus covering March 2026. Delivery orders are structured as firm-fixed-price with economic price adjustment and issued against the three IDIQ vehicles on a recurring monthly cycle to support staffing at U.S. diplomatic facilities.

Activity is flat and monthly recurring. The portfolio shows 66 awards spanning 2021 to present, with roughly 13 awards per year from 2022 through 2025 and 2 awards issued year-to-date in 2026 (a 4-month snapshot). Combined potential value sits at $7.7 million, with $3 million obligated to date (39% of the ceiling). Recompete exposure in the next twenty-four months is minimal — only two awards (combined $101,000) reach ultimate completion by mid-2028. The largest IDIQ (Cyprus health and life insurance, $2.8 million) runs through March 31, 2026, and the Zagreb health insurance IDIQ extends through February 2027; neither faces imminent expiration within the recompete window, though both are mature contracts that may signal upcoming renewal activity. NAICS concentration is sharp: 55 awards map to Insurance Agencies and Brokerages (NAICSsocial non-government insurance programs), with 11 additional awards under Direct Health and Medical Insurance Carriers, reflecting the vendor's niche in locally employed staff medical and life insurance administration for diplomatic operations.