Other property reinsurance services

CPC v2.1 Code: 71434

About other property reinsurance services

cpc code 71434, 'Other property reinsurance services', encompasses a critical segment of the insurance industry. Reinsurance plays a vital role in the broader economy by providing coverage for insurance companies, allowing them to manage their risk exposure and ensure the stability of the insurance market. This code covers a range of specialized reinsurance services related to property, such as catastrophe coverage, excess-of-loss protection, and facultative reinsurance, among others.

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, assess the potential for losses, and develop customized reinsurance solutions. This process involves actuarial analysis, risk modeling, and the structuring of reinsurance treaties to meet the specific needs of the insured parties.

Production inputs

The key inputs required for this industry include a deep understanding of the insurance market, access to robust data and analytics, and a team of highly skilled professionals, such as actuaries, underwriters, and risk managers. Reinsurance providers also rely on advanced technology and software to support their risk assessment and pricing processes.

Production outputs

The primary output of this industry is the provision of reinsurance coverage to insurance companies, which helps them manage their risk exposure and ensure the stability of their operations. The reinsurance services provided under cpc code 71434 may be consumed by a wide range of insurance providers, including those classified under 64200 Direct insurance, except life insurance, 65110 Life insurance, and 65200 Reinsurance, among others.

Family tree for other property 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/v2-1/71434'>71434: Other property reinsurance services</a>"]

    D --> F["<a href='/classifications/cpc/v2-1/71431'>71431: Motor vehicle reinsurance services</a>"]
D --> G["<a href='/classifications/cpc/v2-1/71432'>71432: Marine, aviation and other transport reinsurance services</a>"]
D --> H["<a href='/classifications/cpc/v2-1/71433'>71433: Freight 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>"]

    

    %% Color coordination by level

    classDef level1 color:#000,fill:#a8f9ff,stroke:#333,stroke-width:2px
    classDef level2 color:#000,fill:#e0a458,stroke:#333,stroke-width:1px
    classDef level3 color:#000,fill:#419d78,stroke:#333,stroke-width:1px
    classDef level4 color:#000,fill:#c04abc,stroke:#333,stroke-width:1px
    classDef level5 color:#000,fill:#f1c40f,stroke:#333,stroke-width:1px
    classDef level6 color:#000,fill:#f1c40f,stroke:#333,stroke-width:1px
    classDef highlight color:#000,fill:#fff,stroke:#000,stroke-width:5px



  %% Apply classes
  class A level1
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

  class E 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 E highlight