NAICS 5241 — Insurance Carriers
This industry group comprises establishments primarily engaged in underwriting (assuming the risk, assigning premiums, and so forth) annuities and insurance policies and investing premiums to build up a portfolio of financial assets to be used against future claims. Direct insurance carriers are establishments that ar
| code | 5241 |
|---|---|
| name | Insurance Carriers |
| level | Industry Group |
| sector | Finance and Insurance |
| description | This industry group comprises establishments primarily engaged in underwriting (assuming the risk, assigning premiums, and so forth) annuities and insurance policies and investing premiums to build up a portfolio of financial assets to be used against future claims. Direct insurance carriers are establishments that are primarily engaged in initially underwriting and assuming the risk of annuities and insurance policies. Reinsurance carriers are establishments that are primarily engaged in assuming all or part of the risk associated with an existing insurance policy (or set of policies) originally underwritten by another insurance carrier. Industries are defined in terms of the type of risk being insured against, such as death, loss of employment because of age or disability, and/or property damage. Contributions and premiums are set on the basis of actuarial calculations of probable payouts based on risk factors from experience tables and expected investment returns on reserves. |
More NAICS codes in Finance and Insurance
NAICS 52 — Finance and InsuranceNAICS 521 — Monetary Authorities-Central BankNAICS 5211 — Monetary Authorities-Central BankNAICS 52111 — Monetary Authorities-Central BankNAICS 521110 — Monetary Authorities-Central BankNAICS 522 — Credit Intermediation and Related ActivitiesNAICS 5221 — Depository Credit IntermediationNAICS 52211 — Commercial BankingNAICS 522110 — Commercial BankingNAICS 52213 — Credit UnionsNAICS 522130 — Credit UnionsNAICS 52218 — Savings Institutions and Other Depository Credit Intermediation
$19/mo
Try NAICS →