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Insurance, reinsurance and pension funding, except compulsory social security

Insurance, reinsurance and pension funding, except compulsory social security

Branch 65.1 – Insurance

Life insurance

Activity code 65.11
It includes insurance services through the sale of life insurance and annuity policies (annuity) insurance, insurance policy against disability, death caused by an accident and loss of body parts or damage to the functionality of bodily organs (with or without significant elements of savings).

Non-life insurance

Activity code 65.12
Includes: - provision of insurance services, except life insurance services: * from accidents and fires * Health Insurance * passenger insurance * property insurance * insurance of motor vehicles, ships, planes, transport insurance * from monetary losses and from liability * standardized guarantee schemes, for example, credit guarantees, which operate in accordance with the principles of non-life insurance relating to risk assessment, formation of reserves, etc.

Branch 65.2 – Reinsurance

Reinsurance

Activity code 65.20
It involves assuming all or part of the risk associated with an existing policy insurance initially issued by other insurance companies.

Branch 65.3 – Pension funds

Pension funds

Activity code 65.30
It includes legal entities, ie. funds (plans or programs) organized for the purpose of paying pensions exclusively for fund members or employees of pension fund investors. It includes individual and group pension plans, plans with pre-determined pension payments, as well as plans where the amount of pension is determined on the basis of contributions, ie. members' investments. Does not include: - pension fund management, part. 66.30 - compulsory social insurance programs, part. 84.30
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