ISIC 65—Insurance, reinsurance and pension funding, except compulsory social security

Where 65 sits

1. L Financial and insurance activities
2. 65 Insurance, reinsurance and pension funding, except compulsory social security

Contains 3 narrower codes

• 651 Insurance
• 652 Reinsurance
• 653 Pension funding

What 65 includes

• The underwriting annuities, insurance policies such as direct life and non-life insurance and investing premiums to build up a portfolio of financial assets to be used against future claims.provision of direct insurance, pension funding and reinsurance are included.

What 65 excludes

• Provision of insurance related services on a fee or contract basis, see division 66

65 in other systems