1997 NAICS Definitions
524 Insurance Carriers and Related Activities

524 Insurance Carriers and Related Activities

Industries in the Insurance Carriers and Related Activities subsector group establishments that are primarily engaged in one of the following (1) underwriting (assuming the risk, assigning premiums, and so forth) annuities and insurance policies or (2) facilitating such underwriting by selling insurance policies, and by providing other insurance and employee-benefit related services.

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 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 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.

52411 Direct Life, Health, and Medical Insurance Carriers

This industry comprises establishments primarily engaged in initially underwriting (i.e., assuming the risk and assigning premiums) annuities and life insurance policies, disability income insurance policies, accidental death and dismemberment insurance policies, and health and medical insurance policies.

524113 Direct Life Insurance Carriers

This U.S. industry comprises establishments primarily engaged in initially underwriting (i.e., assuming the risk and assigning premiums) annuities and life insurance policies, disability income insurance policies, and accidental death and dismemberment insurance policies.

Go to: 1997 Economic Census Bridge Between NAICS and SIC NAICS Manual Table 1
NAICSSICCorresponding Index Entries
5241136321Accidental death and dismemberment insurance carriers, direct
5241136321Accidental death and dismemberment insurance underwriting, direct
5241136311Annuities underwriting
5241136311Cooperative life insurance organizations
5241136311Credit life insurance carriers, direct
5241136321Disability insurance carriers, direct
5241136321Disability insurance underwriting, direct
5241136311Fraternal life insurance organizations
5241136321Insurance carriers, disability, direct
5241136311Insurance carriers, life, direct
5241136321Insurance underwriting, disability, direct
5241136311Insurance underwriting, life, direct
5241136311Life insurance carriers, direct
5241136311Savings bank life insurance carriers, direct


524114 Direct Health and Medical Insurance Carriers

This U.S. industry comprises establishments primarily engaged in initially underwriting (i.e., assuming the risk and assigning premiums) health and medical insurance policies . Group hospitalization plans and HMO establishments (except those providing health care services) that provide health and medical insurance policies without providing health care services are included in this industry.

Go to: 1997 Economic Census Bridge Between NAICS and SIC NAICS Manual Table 1
NAICSSICCorresponding Index Entries
5241146324Dental insurance carriers, direct
5241146324Group hospitalization plans without providing health care services
5241146321Health insurance carriers, direct
5241146324Hospital and medical service plans, direct, without providing health care services
5241146324Hospitalization insurance carriers, direct, without providing health care services
5241146321Insurance carriers, health, direct
5241146324Insurance underwriting, health and medical, direct
5241146324Medical insurance carriers, direct
5241146324Medical service plans without providing health care services


52412 Direct Insurance (except Life, Health, and Medical) Carriers

This industry comprises establishments primarily engaged in initially underwriting (i.e., assuming the risk and assigning premiums) various types of insurance policies (except life, disability income, accidental death and dismemberment, and health and medical insurance policies).

524126 Direct Property and Casualty Insurance Carriers

This U.S. industry comprises establishments primarily engaged in initially underwriting (i.e., assuming the risk and assigning premiums) insurance policies that protect policyholders against losses that may occur as a result of property damage or liability.

Go to: 1997 Economic Census Bridge Between NAICS and SIC NAICS Manual Table 1
NAICSSICCorresponding Index Entries
5241266331Agricultural (i.e., crop, livestock) insurance carriers, direct
5241266331Automobile insurance carriers, direct
5241266351Bonding, fidelity or surety insurance, direct
5241266331Burglary and theft insurance carriers, direct
5241266331Casualty insurance carriers, direct
5241266351Credit and other financial responsibility insurance carriers, direct
5241266331Crop insurance carrier, direct
5241266351Fidelity insurance carriers, direct
5241266331Fire insurance carriers, direct
5241266331Homeowners' insurance carriers, direct
5241266351Insurance carriers, fidelity, direct
5241266351Insurance carriers, property and casualty, direct
5241266351Insurance carriers, surety, direct
5241266351Insurance underwriting, property and casualty, direct
5241266351Liability insurance carriers, direct
5241266351Malpractice insurance carriers, direct
5241266331Marine insurance carriers, direct
5241266351Mortgage guaranty insurance carriers, direct
5241266331Plate glass insurance carriers, direct
5241266331Property and casualty insurance carriers, direct
5241266331Property damage insurance carriers, direct
5241266351Surety insurance carriers, direct


524127 Direct Title Insurance Carriers

This U.S. industry comprises establishments primarily engaged in initially underwriting (i.e., assuming the risk and assigning premiums) insurance policies to protect the owners of real estate or real estate creditors against loss sustained by reason of any title defect to real property.

Go to: 1997 Economic Census Bridge Between NAICS and SIC NAICS Manual Table 1
NAICSSICCorresponding Index Entries
5241276361Guaranteeing titles
5241276361Insurance carriers, title, direct
5241276361Insurance underwriting, title, direct
5241276361Real estate title insurance carriers, direct
5241276361Title insurance carriers, real estate, direct


524128 Other Direct Insurance (except Life, Health, and Medical) Carriers

This U.S. industry comprises establishments primarily engaged in initially underwriting (e.g., assuming the risk, assigning premiums) insurance policies (except life, disability income, accidental death and dismemberment, health and medical, property and casualty, and title insurance policies).

Go to: 1997 Economic Census Bridge Between NAICS and SIC NAICS Manual Table 1
NAICSSICCorresponding Index Entries
5241286399Bank deposit insurance carriers, direct
5241286399Burial insurance carriers, direct
5241286331Contact lens insurance, direct
5241286399Deposit or share insurance carriers, direct
5241286399Funeral insurance carriers, direct
5241286331Homeowners' warranty insurance carriers, direct
5241286399Pet health insurance carriers, direct
5241286399Product warranty insurance carriers, direct
5241286399Warranty insurance carriers (e.g., appliance, automobile, homeowners, product), direct


52413 Reinsurance Carriers

524130 Reinsurance Carriers

This industry comprises establishments primarily engaged in assuming all or part of the risk associated with existing insurance policies originally underwritten by other insurance carriers.

Go to: 1997 Economic Census Bridge Between NAICS and SIC NAICS Manual Table 1
NAICSSICCorresponding Index Entries
5241306321Accidental and health reinsurance carriers
5241306311Life reinsurance carriers
5241306331Marine reinsurance carriers
5241306324Medical reinsurance carriers
5241306331Property and casualty reinsurance carriers
52413063M Reinsurance carriers


5242 Agencies, Brokerages, and Other Insurance Related Activities

This industry group comprises establishments primarily engaged in (1) acting as agents (i.e., brokers) in selling annuities and insurance policies or (2) providing other employee benefits and insurance related services, such as claims adjustment and third party administration.

52421 Insurance Agencies and Brokerages

524210 Insurance Agencies and Brokerages

This industry comprises establishments primarily engaged in acting as agents (i.e., brokers) in selling annuities and insurance policies.

Go to: 1997 Economic Census Bridge Between NAICS and SIC NAICS Manual Table 1
NAICSSICCorresponding Index Entries
5242106411Agencies, insurance
5242106411Brokerages, insurance
5242106411Brokers' offices, insurance
5242106411Insurance agencies
5242106411Insurance brokerages
5242106411Life insurance agencies


52429 Other Insurance Related Activities

This industry comprises establishments primarily engaged in providing services related to insurance (except insurance agencies and brokerages).

524291 Claims Adjusting

This U.S. industry comprises establishments primarily engaged in investigating, appraising, and settling insurance claims.

Go to: 1997 Economic Census Bridge Between NAICS and SIC NAICS Manual Table 1
NAICSSICCorresponding Index Entries
5242916411Claims adjusting, insurance
5242916411Insurance claims adjusting
5242916411Insurance claims investigation services
5242916411Insurance settlement offices


524292 Third Party Administration of Insurance and Pension Funds

This U.S. industry comprises establishments primarily engaged in providing third party administration services of insurance and pension funds, such as claims processing and other administrative services to insurance carriers, employee-benefit plans, and self-insurance funds.

Go to: 1997 Economic Census Bridge Between NAICS and SIC NAICS Manual Table 1
NAICSSICCorresponding Index Entries
5242926371Claims processing services, insurance, third-party
5242926371Employee benefit plans, third-party administrative processing services
5242926411Insurance claims processing services, third party
5242926371Insurance fund, third party administrative services (except claims adjusting only)
5242926371Insurance plan administrative services (except claims adjusting only), third-party
5242926371Pension fund, third party administrative services


524298 All Other Insurance Related Activities

This U.S. industry comprises establishments primarily engaged in providing insurance services on a contract or fee basis (except insurance agencies and brokerages, claims adjusting, and third party administration). Insurance advisory services and insurance ratemaking services are included in this industry.

Go to: 1997 Economic Census Bridge Between NAICS and SIC NAICS Manual Table 1
NAICSSICCorresponding Index Entries
5242986411Insurance advisory services
5242986411Insurance coverage consulting services
5242986411Insurance investigation services (except claims investigation)
5242986411Insurance loss prevention services
5242986411Insurance rate making services
5242986411Insurance reporting services
5242986411Insurance underwriters laboratories and standards services
5242986411Medical cost evaluation services
5242986411Rate making services, insurance