Risk and damage evaluation
NACE v2.0 Code: K66.21
About risk and damage evaluation
NACE code 66.21 covers the industry of risk and damage evaluation. This industry plays a crucial role in assessing and managing risks across various sectors, from insurance to construction. By providing expert analysis and assessment of potential hazards, this industry helps organizations and individuals make informed decisions, mitigate losses, and ensure the safety and well-being of their assets and operations.
Production process
The core activities within the risk and damage evaluation industry involve the systematic collection and analysis of data related to potential risks and damages. This includes conducting on-site inspections, reviewing historical records, and utilizing advanced modeling and simulation techniques to identify and quantify the likelihood and potential impact of various risks. Professionals in this field leverage their expertise in areas such as engineering, actuarial science, and data analytics to provide comprehensive risk assessments and recommendations for risk management strategies.
Production inputs
The risk and damage evaluation industry relies on a range of inputs, including specialized knowledge and expertise, access to relevant data sources, and advanced analytical tools and software. Professionals in this field often have backgrounds in fields such as engineering, insurance, or risk management, and they utilize a variety of data sources, including historical records, industry benchmarks, and real-time monitoring systems. Additionally, the industry requires access to advanced modeling and simulation software, as well as the necessary computing power and data storage capabilities to process and analyze large volumes of information.
Production outputs
The primary output of the risk and damage evaluation industry is the provision of comprehensive risk assessments and recommendations for risk management strategies. These outputs are consumed by a wide range of industries, including 65.11 Insurance, 41.20 Construction, 71.12 Engineering activities and related technical consultancy, and 84.22 Defence activities. By identifying and quantifying potential risks, the risk and damage evaluation industry helps these sectors make informed decisions, implement appropriate risk mitigation measures, and ensure the long-term sustainability and resilience of their operations.
Revisions to 66.21
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 66.21. The most recent 1 version of this code (66.21) is in the NACE v2.1 system:
This page shows a legacy version of code 66.21 ( NACE v2.0).
Newer versions
- NACE v2.1 (Latest revision):
Related ISIC Codes
These isic codes are related to this econ code: (66.21).
| ISIC code | ISIC Version | ISIC title |
|---|---|---|
| 6621 | ISIC v4.0 | Risk and damage evaluation |
Related CPC Codes
These CPC codes are related to this econ code: (66.21).
| CPC code | CPC Version | CPC title |
|---|---|---|
| 71620 | CPC v2.1 | Insurance claims adjustment services |
Family tree for risk and damage evaluation
graph LR
A["<a href='/classifications/nace/v2/K'>K: FINANCIAL AND INSURANCE ACTIVITIES</a>"]
A --> B["<a href='/classifications/nace/v2/K/66'>66: Activities auxiliary to financial services and insurance activities</a>"]
B --> C["<a href='/classifications/nace/v2/K/66/2'>66.2: Activities auxiliary to insurance and pension funding</a>"]
C --> D["<a href='/classifications/nace/v2/K/66/21'>66.21: Risk and damage evaluation</a>"]
C --> E["<a href='/classifications/nace/v2/K/66/22'>66.22: Activities of insurance agents and brokers</a>"]
C --> F["<a href='/classifications/nace/v2/K/66/29'>66.29: Other activities auxiliary to insurance and pension funding</a>"]
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