Variant of NAICS 1997 - Labour Force Survey (LFS) Industries
- 7 - Services-Producing Sector
- 10 - Finance, Insurance, Real Estate and Leasing
- 52 - Finance and Insurance
- 524 - Insurance Carriers and Related Activities
5241 - Insurance Carriers
This industry group comprises establishments primarily engaged in underwriting annuities and insurance policies, and reinsurance. The establishments of this group invest premiums to build up a portfolio of financial assets to be used against future claims. Contributions and premiums are set on the basis of actuarial calculations of reserves. Direct insurance carriers that are primarily engaged in underwriting annuities and insurance policies directly to policy holders, and reinsurance carriers that are primarily engaged in assuming all or part of the risk associated with existing insurance policies originally underwritten by other insurance carriers, are included. Industries are defined in terms of the type of risk against which the policy holders are being insured, such as death, loss of employment due to age or disability, and property damage.
|52411Direct Life, Health and Medical Insurance Carriers||Direct Life, Health and Medical Insurance Carriers|
|52412Direct Insurance (except Life, Health and Medical) Carriers||Direct Insurance (except Life, Health and Medical) Carriers|
|52413Reinsurance Carriers||Reinsurance Carriers|
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