Other services auxiliary to insurance and pensions

CPC v2.1 Code: 7169

About other services auxiliary to insurance and pensions

cpc code 7169, 'Other services auxiliary to insurance and pensions', encompasses a diverse range of support services that are essential to the effective functioning of the insurance and pension industries. These ancillary services play a crucial role in facilitating the complex financial transactions and risk management processes that underpin the insurance and retirement planning sectors, which are vital components of the broader economy.

Production process

Businesses operating within cpc code 7169 utilize a range of specialized techniques and technologies to provide their services. This may include the development and maintenance of sophisticated actuarial models, the implementation of robust data management and analytics systems, and the deployment of efficient claims processing and customer service workflows. Professionals in this industry must possess deep expertise in areas such as risk assessment, financial planning, and regulatory compliance.

Production inputs

The key inputs required for cpc code 7169 include highly skilled labor, such as actuaries, underwriters, and customer service representatives, as well as advanced software and computing infrastructure to support the complex data processing and analysis needs of the industry. Additionally, these businesses rely on access to comprehensive industry data, regulatory frameworks, and financial markets to inform their decision-making and service delivery.

Production outputs

The primary outputs of cpc code 7169 are a diverse array of services that support the insurance and pension industries, including 6511 Life insurance and 6512 Non-life insurance. These services may include actuarial analysis, claims management, policy administration, risk management, and investment advisory services. The outputs of this industry are essential for the effective operation of the broader financial services sector and the protection of individuals and businesses against various risks.

Family tree for other services auxiliary to insurance and pensions

    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/v2-1/716'>716: Services auxiliary to insurance and pensions</a>"]
C --> D["<a href='/classifications/cpc/v2-1/7169'>7169: Other services auxiliary to insurance and pensions</a>"]

    C --> E["<a href='/classifications/cpc/v2-1/7161'>7161: Insurance brokerage and agency services</a>"]
C --> F["<a href='/classifications/cpc/v2-1/7162'>7162: Insurance claims adjustment services</a>"]
C --> G["<a href='/classifications/cpc/v2-1/7163'>7163: Actuarial services</a>"]
C --> H["<a href='/classifications/cpc/v2-1/7164'>7164: Pension fund management services</a>"]

    D --> I["<a href='/classifications/cpc/v2-1/71690'>71690: Other services auxiliary to insurance and pensions</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 level4
class F level4
class G level4
class H level4
class I 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