KBLI L—Financial and Insurance Activities

Where L sits

1. L Financial and Insurance Activities

Contains 3 narrower codes

• 64 Financial Services Activities, Except Insurance and Pension Funds
• 65 Insurance, Guarantees, Reinsurance, and Pension Funds, Except Mandatory Social Security
• 66 Supporting Activities For Financial Services, Insurance, Guarantees and Pension Funds

What L includes

• This category includes financial activities, insurance activities, and ancillary financial activities, regardless of the technology used to perform those activities or the supporting services provided.
• Three main types of activities fall into this category: raising, acquiring, and providing funds in division 64; pooling of risks through insurance and annuity underwriting in division 65; and providing specialized services that facilitate or support financial services or insurance activities in division 66.
• This category also includes asset custody activities, such as the activities of holding companies, conduit financing, and the activities of trusts, funds, and similar financial institutions (in division 64); and reinsurance and pension fund activities (in division 65).

What L excludes

• This category does not include support activities for financial services but are not financial in nature (e.g. IT services to support banking activities).

L in other systems