Activities auxiliary to insurance and pension funding

NACE v2.1 Code: L66.2

About activities auxiliary to insurance and pension funding

NACE code 66.2 covers a range of activities that support the insurance and pension funding industries. These auxiliary services play a crucial role in the broader financial sector, enabling insurance companies and pension funds to operate efficiently and effectively. This industry encompasses activities such as the administration of insurance policies, the management of pension funds, and the provision of actuarial services. As the financial landscape continues to evolve, the importance of these auxiliary services is only expected to grow, ensuring the smooth functioning of the insurance and pension funding sectors within the overall economy.

Production process

The main production techniques used in this industry involve the processing and management of financial data, the administration of insurance policies and pension funds, and the provision of specialized advisory services. This often includes the use of sophisticated software and information systems to track and analyze financial information, as well as the employment of highly skilled professionals such as actuaries, underwriters, and claims adjusters to assess risk and make informed decisions.

Production inputs

The key inputs required for this industry include access to comprehensive financial data, specialized software and information systems, and a skilled workforce with expertise in areas such as insurance, pensions, and financial analysis. Additionally, strong regulatory knowledge and compliance with relevant laws and regulations are essential for the effective operation of this industry.

Production outputs

The primary outputs of this industry are the various services provided to insurance companies and pension funds, including policy administration, claims processing, risk assessment, and investment management. These outputs are then consumed by 65.1 Life insurance and 65.2 Non-life insurance companies, as well as 65.3 Pension funding organizations, enabling them to focus on their core business activities while relying on the specialized expertise of the auxiliary services industry.

Revisions to 66.2

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 66.2. The most recent 1 version of this code (66.2) is in the NACE v2.1 system (this version):

This page shows the most recent version of code 66.2.

Family tree for activities auxiliary to insurance and pension funding

    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/66'>66: Activities auxiliary to financial services and insurance activities</a>"]
B --> C["<a href='/classifications/nace/v2-1/L/66/2'>66.2: Activities auxiliary to insurance and pension funding</a>"]

    B --> D["<a href='/classifications/nace/v2-1/L/66/1'>66.1: Activities auxiliary to financial services, except insurance and pension funding</a>"]
B --> E["<a href='/classifications/nace/v2-1/L/66/3'>66.3: Fund management activities</a>"]

    C --> F["<a href='/classifications/nace/v2-1/L/66/21'>66.21: Risk and damage evaluation</a>"]
C --> G["<a href='/classifications/nace/v2-1/L/66/22'>66.22: Activities of insurance agents and brokers</a>"]
C --> H["<a href='/classifications/nace/v2-1/L/66/29'>66.29: Activities auxiliary to insurance and pension funding 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 level3
class E level3
class F level4
class G level4
class H level4

  class C 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 C highlight