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Detailed structure and explanatory notes

ISIC Rev.3.1 code 66

Structure   

Hierarchy
  • Section: J - Financial intermediation
  • Division: 66 - Insurance and pension funding, except compulsory social security

Breakdown:

This Division is divided into the following Groups:

  • 660 - Insurance and pension funding, except compulsory social security

Explanatory note

This division includes units engaged in setting up and managing insurance funds for all kinds of insurance types (life and non-life) and units engaged in the provision of retirement incomes. In either case, activities involving the collection and investment of funds are included. The activities include long- and short-term risk spreading with or without a savings element.
This division differentiates between pension funding and life and non-life insurance as the primary breakdown.


This division excludes:
- compulsory social security, see 7530
- activities auxiliary to insurance and pension funding, see 6720





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