OKVED 2 65.20—Reinsurance

Where 65.20 sits

1. K Financial and insurance activities
2. 65 Insurance, reinsurance, activities of nonstate pension funds, except for compulsory social security
3. 65.2 Reinsurance
4. 65.20 Reinsurance

What 65.20 includes

• Reinsurance is an agreement whereby an insurer transfers a portion of its obligations to clients to another insurer (reinsurer), i.e., the insurance company purchases an insurance policy for itself. Successive conclusion of two or even several reinsurance contracts is permitted.
• Activities that involve full or partial compensation of risk under existing insurance policies issued by other insurers

65.20 in other systems