Accident and health insurance services
CPC v2.1 Code: 7132
About accident and health insurance services
cpc code 7132 covers the provision of accident and health insurance services, a critical component of the broader insurance industry. These services play a vital role in protecting individuals and businesses from the financial risks associated with accidents, illnesses, and other health-related events. As a key part of the financial services sector, the accident and health insurance industry contributes significantly to the overall economy by providing financial security and peace of mind to its customers.
Production process
The main production techniques in the accident and health insurance industry involve the underwriting, pricing, and administration of insurance policies. Underwriters assess the risk profiles of potential policyholders, determine appropriate coverage levels and premiums, and manage the overall risk exposure of the insurance provider. Policy administration includes the processing of claims, the management of policy renewals, and the ongoing customer service and support required to maintain the insurance relationship.
Production inputs
The primary inputs for the accident and health insurance industry include the actuarial data and risk models used to assess and price insurance policies, the information technology systems and software used to manage policy administration and claims processing, and the human capital in the form of skilled underwriters, actuaries, and customer service professionals. Additionally, the industry relies on a robust regulatory framework and compliance mechanisms to ensure the proper functioning of the insurance market.
Production outputs
The main outputs of the accident and health insurance industry are the insurance policies and coverage plans sold to individuals and businesses. These policies provide financial protection against a wide range of health-related risks, including 6211 Medical care and health services, 6215 Hospital services, and 6216 Nursing and residential care facilities. The accident and health insurance industry's outputs are essential inputs for these related industries, as they help to mitigate the financial risks associated with healthcare services.
Family tree for accident and health insurance services
graph LR
A["<a href='/classifications/cpc/v2-1/7'>7: Financial and related services; real estate services; and rental and leasing services</a>"]
A --> B["<a href='/classifications/cpc/v2-1/71'>71: Financial and related services</a>"]
B --> C["<a href='/classifications/cpc/v2-1/713'>713: Insurance and pension services (excluding reinsurance services), except compulsory social security services</a>"]
C --> D["<a href='/classifications/cpc/v2-1/7132'>7132: Accident and health insurance services</a>"]
C --> E["<a href='/classifications/cpc/v2-1/7131'>7131: Life insurance and pension services (excluding reinsurance services)</a>"]
C --> F["<a href='/classifications/cpc/v2-1/7133'>7133: Other non-life insurance services (excluding reinsurance services)</a>"]
D --> G["<a href='/classifications/cpc/v2-1/71321'>71321: Accidental death and dismemberment insurance services</a>"]
D --> H["<a href='/classifications/cpc/v2-1/71322'>71322: Health insurance services</a>"]
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%% Apply classes
class A level1
class B level2
class C level3
class D level4
class E level4
class F level4
class G level5
class H level5
class D highlight
%% class A level1
%% class B,C level2
%% class D,E,F,G,H,I level2
%% class J,K,L,M,N,O,P level3
%% class D highlight