Marine, aviation and other transport reinsurance services
CPC v2.1 Code: 71432
About marine, aviation and other transport reinsurance services
cpc code 71432 covers the provision of reinsurance services for the marine, aviation, and other transport industries. Reinsurance is a critical component of the insurance ecosystem, allowing primary insurers to transfer risk and manage their exposure. This industry plays a vital role in supporting the global transportation and logistics sectors, which are essential for international trade and economic growth.
Production process
The main production techniques in this industry involve the underwriting and pricing of reinsurance contracts. Reinsurance providers analyze the risk profiles of their clients, such as marine cargo carriers or aviation companies, and develop customized reinsurance products to meet their specific needs. This process involves actuarial analysis, risk modeling, and the negotiation of contract terms to ensure an appropriate balance of risk and return.
Production inputs
The key inputs required for this industry include a deep understanding of the transportation and logistics sectors, access to comprehensive data on historical claims and loss patterns, and a team of highly skilled underwriters and actuaries. Reinsurance providers also rely on advanced analytics and modeling software to assess and manage the complex risks associated with marine, aviation, and other transport operations.
Production outputs
The primary output of this industry is the provision of reinsurance coverage to primary insurers, enabling them to transfer a portion of their risk exposure. This allows the primary insurers to offer more comprehensive and affordable insurance products to their clients in the transportation and logistics sectors. The outputs of this industry may be consumed by 65120 Direct insurance services, 65210 Reinsurance services, and other related insurance and risk management services.
Family tree for marine, aviation and other transport 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>"]
D --> E["<a href='/classifications/cpc/v2-1/71432'>71432: Marine, aviation and other transport reinsurance services</a>"]
D --> F["<a href='/classifications/cpc/v2-1/71431'>71431: Motor vehicle reinsurance services</a>"]
D --> G["<a href='/classifications/cpc/v2-1/71433'>71433: Freight reinsurance services</a>"]
D --> H["<a href='/classifications/cpc/v2-1/71434'>71434: Other property reinsurance services</a>"]
D --> I["<a href='/classifications/cpc/v2-1/71435'>71435: General liability reinsurance services</a>"]
D --> J["<a href='/classifications/cpc/v2-1/71436'>71436: Credit and surety reinsurance services</a>"]
D --> K["<a href='/classifications/cpc/v2-1/71439'>71439: Other non-life reinsurance services, n.e.c.</a>"]
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%% Apply classes
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class B level2
class C level3
class D level4
class E level5
class F level5
class G level5
class H level5
class I level5
class J level5
class K level5
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%% class B,C level2
%% class D,E,F,G,H,I level2
%% class J,K,L,M,N,O,P level3
%% class E highlight