PKD L—Financial and Insurance Activities

Where L sits

1. L Financial and Insurance Activities

Contains 3 narrower codes

• 64 Financial service activities, excluding insurance and pension funds
• 65 Insurance, reinsurance, and pension fund activities, excluding compulsory social security
• 66 Activities supporting financial services, insurance and pension funds

What L includes

• This section includes: - activities related to financial services, insurance, and activities supporting financial services, regardless of the technology used to conduct these activities, - activities of holding companies, companies raising funds for other entities, trusts, funds, and similar financial entities (Division 64), as well as reinsurance and pension funding activities (Division 65).
• This section classifies three basic activities: the collection, acquisition, and provision of funds in the relevant subclasses of Division 64; risk sharing/diversification through underwriting/reinsurance of insurance and pension benefits in the relevant subclasses of Division 65; and specialized service activities facilitating or supporting financial or insurance services in the relevant subclasses of Division 66.

What L excludes

• Activities supporting financial activities, not of a financial nature (for example, IT activities supporting banking activities).

L in other systems