Activities of insurance agents and brokers

NACE v2.1 Code: L66.22

About activities of insurance agents and brokers

NACE code 66.22 covers the activities of insurance agents and brokers, a crucial component of the insurance industry. These professionals play a vital role in connecting insurance providers with individuals and businesses seeking coverage for various risks. As intermediaries, they help assess client needs, recommend suitable insurance products, and facilitate the purchase and management of policies. The activities of insurance agents and brokers are essential for the efficient functioning of the broader financial services sector and the overall economy.

Production process

Insurance agents and brokers typically follow a standardized process when assisting clients. This includes conducting thorough risk assessments, researching and comparing available insurance products, negotiating policy terms and premiums, and guiding clients through the application and claims processes. They leverage their industry knowledge, analytical skills, and customer service expertise to deliver tailored solutions that meet the unique needs of each client.

Production inputs

The primary inputs required for the activities of insurance agents and brokers include access to a wide range of insurance products and providers, as well as comprehensive information on policy terms, coverage, and pricing. Additionally, these professionals rely on strong communication and interpersonal skills, a deep understanding of the insurance industry, and the ability to analyze client risk profiles and financial considerations.

Production outputs

The main output of the activities covered by NACE code 66.22 is the successful placement of insurance policies with clients. These policies can span various lines of coverage, such as 65.11 Life insurance, 65.12 Non-life insurance, and 65.20 Reinsurance. The services provided by insurance agents and brokers ultimately contribute to the overall risk management and financial protection of individuals, businesses, and the broader economy.

Revisions to 66.22

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 66.22. The most recent 1 version of this code (66.22) is in the NACE v2.1 system (this version):

This page shows the most recent version of code 66.22.

Family tree for activities of insurance agents and brokers

    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>"]
C --> D["<a href='/classifications/nace/v2-1/L/66/22'>66.22: Activities of insurance agents and brokers</a>"]

    C --> E["<a href='/classifications/nace/v2-1/L/66/21'>66.21: Risk and damage evaluation</a>"]
C --> F["<a href='/classifications/nace/v2-1/L/66/29'>66.29: Activities auxiliary to insurance and pension funding n.e.c.</a>"]

    

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    classDef highlight color:#000,fill:#fff,stroke:#000,stroke-width:5px



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