SCIAN 52—Financial and insurance services

Where 52 sits

1. 52 Financial and insurance services

Contains 5 narrower codes

• 521 Central Banking
• 522 Non-exchange credit and financial intermediation institutions
• 523 Stock market, foreign exchange and financial investment activities
• 524 Insurance, surety, and retirement fund managementt companies
• 525 Investment companies specializing in retirement funds and investment funds

Description

This sector comprises economic units primarily engaged in regulating the issuance and circulation of currency (central banking); non-exchange credit and financial intermediation; stock market, foreign exchange, and financial investment activities; the issuance of insurance policies and the underwriting of surety bonds; the provision of insurance and surety-related services; the management of retirement funds; and investment companies specializing in retirement and investment funds. The sector is structured based on production processes distinguished by the use of specialized capital and human resources, as well as by how economic units acquire and allocate financial capital, their source of funds, and the use of those funds.

What 52 includes

• Establishments primarily engaged in the issuance of gift cards, for groceries, points, restaurants and gasoline; to the processing of transactions linked with bank credit cards; economic units (insurers) mainly engaged in the contracting of insurance with correlated risks (reinsurance); economic units (surety companies) mainly engaged in the distribution of the risk of a surety between two or more surety companies (re-surety), and savings and loan societies.

Cross-references for 52

• Establishments primarily engaged in the distribution of purchase vouchers (43, Wholesale trade); to the retail trade of antiques and works of art, and of used goods (46, Retail trade); to providing electronic information processing services, such as non-bank credit card processing (51, Mass media information); to the rental of movable goods; to the rental of movable goods in combination with financial leasing (53, Real estate and rental services of movable and intangible goods); to management consulting, and in economics (54, Professional, scientific and technical services).

52 in other systems