651 Insurance


This group includes life insurance with or without a substantial savings element and other non-life insurance.

Codification rules

Insurance company / General insurance agency

Insurance companies cover the risk of insurance activity. General agencies, in contrast, do not cover any risk. Their task consists in brokering insurance. Two types of general insurance agency can be identified, dependent and independent ones.

Dependent general agencies belong entirely to the relevant insurance company, whom they represent on the ground.

Independent general agencies are not directly tied to an insurance comany and act as insurance brokers (insurance intermediaries).

651 *: Insurances (> dependent general agency)
651 * : Insurances (> insurance company)
662200: Activities of insurance agents and brokers (> independent general agency.