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 main production techniques within the NACE 66 industry involve the provision of specialized services to financial institutions and insurance companies. This can include activities such as fund management, investment advisory services, insurance brokerage, and the administration of financial markets and exchanges. Professionals in this industry leverage their expertise, technology, and industry knowledge to deliver tailored solutions that support the core operations of their clients.

The key inputs required for the NACE 66 industry include a highly skilled workforce with expertise in areas such as finance, accounting, risk management, and information technology. Additionally, these businesses rely on robust technological infrastructure, including software, data management systems, and communication networks, to deliver their services efficiently. Access to up-to-date market information and regulatory knowledge is also crucial for this industry.

The primary outputs of the NACE 66 industry are the various auxiliary services provided to financial services and insurance companies. These can include 64 Financial service activities, except insurance and pension funding, 65 Insurance, reinsurance and pension funding, except compulsory social security, and 68 Real estate activities, among others. By supporting the core functions of these industries, the NACE 66 sector helps to facilitate the flow of capital, manage risk, and provide essential financial products and services to the broader economy.