SSIC L—Financial and insurance activities

Where L sits

1. L Financial and insurance activities

Contains 3 narrower codes

• 64 Financial service activities (except insurance and pension funding)
• 65 Insurance, reinsurance, provident funding and pension funding
• 66 Activities auxiliary to financial service and insurance activities

What L includes

• This section includes financial service activities, insurance activities and financial auxiliary activities, regardless of the technologies used to conduct these activities or support services.Three principal types of activities are classified in this section: raising, obtaining and providing funding in division 64, pooling of risk by underwriting insurance and annuities in division 65 and providing specialised services facilitating or supporting financial or insurance service activities in division 66. This section also includes activities of holding assets, such as activities of holding companies and the activities of trusts, funds and similar financial entities (in division 64), as well as the activities of reinsurance and pension funds (in division 65).

What L excludes

• Support activities to financial services but not financial in nature (e.g. IT services supporting banking activities), which should be classified in other sections of the SSIC based on their principal activity
• Management of real estate investment funds with main income from the rental of properties, see Section M 'Real estate activities'
• Activities of head and regional head offices/centralised administrative offices and subsidiary management offices, see 70101

L in other systems