ANZSIC K—Financial and insurance services

Where K sits

1. K Financial and insurance services

Contains 3 narrower codes

• 62 Finance
• 63 Insurance and Superannuation Funds
• 64 Auxiliary Finance and Insurance Services

What K includes

• The Financial and Insurance Services Division includes units mainly engaged in financial transactions involving the creation, liquidation, or change in ownership of financial assets, and/or in facilitating financial transactions.assets, and/or in facilitating financial transactions.
• The range of activities include:
• Raising funds by taking deposits and/or issuing securities and, in the process,incurring liabilities;
• Specialised services facilitating or supporting financial intermediation, insurance and employee benefit programs.
• Also included in this division are central banking, monetary control and the regulation of financial activities.

Example activities

• units investing their own funds in a range of financial assets;
• pooling risk by underwriting insurance and annuities;
• separately constituted funds engaged in the provision of retirement incomes; and

K in other systems