FINANCIAL AND INSURANCE ACTIVITIES

NACE v2.1 Code: L

About financial and insurance activities

NACE code L, 'Financial and Insurance Activities', encompasses a vital sector of the economy that plays a crucial role in facilitating the flow of capital, managing risk, and supporting economic growth. This industry includes a wide range of financial services, such as banking, insurance, investment management, and other related activities. It is a key driver of economic development, providing the necessary financial infrastructure for businesses, individuals, and governments to thrive.

Production process

The financial and insurance industry utilizes a range of techniques to deliver its services. This includes the processing and analysis of financial data, the development and management of investment portfolios, the underwriting and administration of insurance policies, and the facilitation of financial transactions. These activities often involve the use of advanced technologies, such as financial modeling software, data analytics tools, and secure digital platforms, to enhance efficiency and accuracy.

Production inputs

The financial and insurance industry relies on a variety of inputs to function effectively. These include skilled professionals, such as financial analysts, actuaries, and risk managers, who possess specialized knowledge and expertise. Additionally, the industry requires access to financial data, market information, and regulatory frameworks to guide its decision-making processes. Physical infrastructure, such as office spaces, communication networks, and IT systems, are also essential inputs for the industry to operate.

Production outputs

The outputs of the financial and insurance industry are diverse and far-reaching. They include the provision of banking services, investment management, insurance coverage, and other financial products and services that cater to the needs of individuals, businesses, and governments. These outputs support economic activity across various A AGRICULTURE, FORESTRY AND FISHING, B MINING AND QUARRYING, C MANUFACTURING, D ELECTRICITY, GAS, STEAM AND AIR CONDITIONING SUPPLY, E WATER SUPPLY; SEWERAGE, WASTE MANAGEMENT AND REMEDIATION ACTIVITIES, F CONSTRUCTION, G WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES, H TRANSPORTATION AND STORAGE, I ACCOMMODATION AND FOOD SERVICE ACTIVITIES, J INFORMATION AND COMMUNICATION, K REAL ESTATE ACTIVITIES, M PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES, N ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES, O PUBLIC ADMINISTRATION AND DEFENCE; COMPULSORY SOCIAL SECURITY, P EDUCATION, Q HUMAN HEALTH AND SOCIAL WORK ACTIVITIES, R ARTS, ENTERTAINMENT AND RECREATION, and S OTHER SERVICE ACTIVITIES sectors.

Revisions to L

Classification codes are adjusted frequently. The code may have been revised or replaced between system versions. The table below shows the history (newest to oldest) of the code L. The most recent 1 version of this code (L) is in the NACE v2.1 system (this version):

This page shows the most recent version of code L.

Older versions

Family tree for financial and insurance activities

    graph LR
    A["<a href='/classifications/nace/v2-1/L'>L: FINANCIAL AND INSURANCE ACTIVITIES</a>"]

    
    A --> B["<a href='/classifications/nace/v2-1/L/64'>64: Financial service activities, except insurance and pension funding</a>"]
A --> C["<a href='/classifications/nace/v2-1/L/65'>65: Insurance, reinsurance and pension funding, except compulsory social security</a>"]
A --> D["<a href='/classifications/nace/v2-1/L/66'>66: Activities auxiliary to financial services and insurance activities</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 level2
class D level2

  class A 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 A highlight