Other non-life reinsurance services
CPC v2.1 Code: 7143
About other non-life reinsurance services
cpc code 7143, 'Other non-life reinsurance services', encompasses a critical segment of the insurance industry. Reinsurance plays a vital role in the global economy, providing a safety net for primary insurers and enabling them to underwrite larger risks. This industry's importance extends beyond the insurance sector, as its services support the stability and growth of various 6000 Goods Producing Industries and 7000 Service Producing Industries.
Production process
The core production technique in this industry involves the transfer of risk from primary insurers to reinsurers. Reinsurers analyze the risk profiles of their clients, develop tailored reinsurance products, and negotiate contract terms. This process requires advanced actuarial modeling, risk assessment, and portfolio management expertise to ensure the appropriate pricing and distribution of risk.
Production inputs
The main inputs for this industry include a pool of experienced underwriters, actuaries, and risk management professionals. Reinsurers also rely on extensive data and analytical tools to assess and price risks accurately. Additionally, access to capital markets and the ability to diversify risk across a broad portfolio of clients are critical inputs for this industry.
Production outputs
The primary output of this industry is the provision of reinsurance coverage for a wide range of non-life insurance products, such as 7141 Property reinsurance services, 7142 Casualty reinsurance services, and 7149 Other non-life insurance services. By transferring risk, reinsurers enable primary insurers to offer more comprehensive coverage to their clients, ultimately supporting the growth and stability of the broader insurance industry.
Family tree for other non-life reinsurance 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/v2-1/714'>714: Reinsurance services</a>"]
C --> D["<a href='/classifications/cpc/v2-1/7143'>7143: Other non-life reinsurance services</a>"]
C --> E["<a href='/classifications/cpc/v2-1/7141'>7141: Life reinsurance services</a>"]
C --> F["<a href='/classifications/cpc/v2-1/7142'>7142: Accident and health reinsurance services</a>"]
D --> G["<a href='/classifications/cpc/v2-1/71431'>71431: Motor vehicle reinsurance services</a>"]
D --> H["<a href='/classifications/cpc/v2-1/71432'>71432: Marine, aviation and other transport reinsurance services</a>"]
D --> I["<a href='/classifications/cpc/v2-1/71433'>71433: Freight reinsurance services</a>"]
D --> J["<a href='/classifications/cpc/v2-1/71434'>71434: Other property reinsurance services</a>"]
D --> K["<a href='/classifications/cpc/v2-1/71435'>71435: General liability reinsurance services</a>"]
D --> L["<a href='/classifications/cpc/v2-1/71436'>71436: Credit and surety reinsurance services</a>"]
D --> M["<a href='/classifications/cpc/v2-1/71439'>71439: Other non-life reinsurance services, n.e.c.</a>"]
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