Seguros Crefisa SA

Seguros Crefisa SA, a for-profit insurance company headquartered in Tegucigalpa, Honduras, serves exclusively as a prime contractor providing life, health, vehicle, and motorcycle insurance coverage to U.S. Department of State personnel and locally employed staff at the U.S. Embassy in Tegucigalpa. The vendor operates entirely on full-and-open, non-set-aside federal contracts with no SBA designations and no subcontractor footprint across its eighty awards since June 2023.

Seguros Crefisa SA's capability portfolio centers on locally administered insurance services for overseas diplomatic operations. The vendor holds three indefinite delivery contracts totaling $8.4 million in ceiling value, from which it delivers quarterly life and health insurance coverage to State Department bureaus and USAID in Honduras. Representative delivery orders include a $162,977 order from the Bureau of Western Hemisphere Affairs (June 1, 2025) for locally employed staff life and health insurance under the $8 million life-and-health-insurance IDV, a $20,453.72 delivery order for third-party vehicle liability insurance (December 1, 2024), and a $15,527.50 delivery order from the Bureau of International Narcotics Law Enforcement for staff health and life insurance (August 26, 2026). All recent work is fixed-price with economic price adjustment, place of performance in Honduras, and no identified subcontractors.

Customer concentration is dominated by the Department of State's overseas mission infrastructure. The top five funding entities account for 100% of awards by design: the U.S. Embassy Tegucigalpa (18 awards, $9.3 million combined potential value), the Bureau of Western Hemisphere Affairs (25 awards, $2.1 million), the Bureau of Consular Affairs (14 awards, $243 thousand), the Bureau of International Narcotics Law Enforcement (14 awards, $233 thousand), and the Bureau of Diplomatic Security (9 awards, $174 thousand). The embedding within Embassy Tegucigalpa's contracting structure means the vendor has minimal geographic or customer diversification—all awards fund Honduras-based State Department programs.

The vendor's vehicle footprint sits entirely on State Department indefinite delivery contracts issued by the U.S. Embassy Tegucigalpa. The primary IDV (19H08023D0002), awarded June 4, 2023, carries an $8 million ceiling for life and health insurance and has generated seventy delivery orders totaling $3.4 million in combined potential value. A single-award vehicle (19H08023D0008) for vehicles and motorcycles insurance, with a $320,386 ceiling, has supported four task orders ($67 thousand combined value). A third IDV, issued December 1, 2025, covers vehicles and motorcycles insurance at a $100,000 ceiling. All three vehicles are single or multiple-award contracts reserved to Seguros Crefisa SA; the vendor does not compete on government-wide vehicles or other agencies' seats.

Activity has remained stable but modest. The vendor recorded twenty-three awards in 2023, twenty-seven in 2024, twenty-one in 2025, and nine through August 2026—a relatively flat profile reflecting consistent quarterly ordering cycles against existing IDVs rather than new business development. Combined potential value across all eighty awards stands at $12 million, with $3.5 million obligated (29% utilization rate), indicating these are largely standing-offer vehicles rather than firm commitments. Four awards with ultimate completion dates in the next twenty-four months carry combined potential value of $259 thousand—a negligible recompete exposure reflecting the vendor's embedded, low-risk position as the sole supplier to a single, stable embassy customer base.

The vendor competes solely on full-and-open contracts with no set-aside designation and no recorded sub-awards or prime relationships. Seguros Crefisa SA operates as a direct service provider to State Department missions in Honduras, leveraging local regulatory compliance and administrative infrastructure. The vendor's federal footprint is geographically confined to Honduras and organizationally confined to a single contracting entity (U.S. Embassy Tegucigalpa), making the award portfolio highly concentrated and largely non-competitive in renewal cycles.