Activities auxiliary to financial services and insurance activities

NACE code 66 covers a diverse range of activities that support the financial services and insurance industries. These auxiliary services play a crucial role in facilitating the smooth operation of the broader financial system, enabling the efficient flow of capital, risk management, and the provision of essential financial products and services to businesses and individuals. As the financial sector continues to evolve, the importance of these auxiliary activities has only grown, making this industry a vital component of the modern economy.

The key production techniques within the NACE 66 industry involve the processing and management of financial data, the administration of financial transactions, and the provision of specialized advisory and support services. This often includes the use of advanced information technology systems, data analytics, and specialized expertise in areas such as risk assessment, compliance, and asset management.

The main inputs required for the NACE 66 industry include a highly skilled workforce with expertise in finance, accounting, law, and information technology. Additionally, the industry relies on robust data infrastructure, secure communication networks, and specialized software and hardware to facilitate the processing and analysis of financial information. Access to up-to-date market data and regulatory frameworks is also crucial for the effective delivery of auxiliary financial services.

The primary outputs of the NACE 66 industry include a wide range of services that support the financial services and insurance sectors, such as 64 Financial service activities, except insurance and pension funding, 65 Insurance, reinsurance and pension funding, except compulsory social security, and 68 Real estate activities. These services can include investment advisory, portfolio management, insurance brokerage, actuarial services, and the administration of financial transactions and assets.