Division 65: Insurance, reinsurance and pension funding, except compulsory social security

Section L, Financial and insurance activities. 4 subcategories with ISTAT's explanatory notes and the ATECO 2022 codes they come from.

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  1. 65Insurance, reinsurance and pension funding, except compulsory social security

    This division includes underwriting annuities, insurance policies (for example, direct life and non-life insurance) and investing premiums to build up a portfolio of financial assets to be used against future claims. Provision of direct insurance, pension funding and reinsurance are included.

    Excludes

    • provision of insurance-related services on a fee or contract basis, see division 6666
    • compulsory social security activities, see 84.384.3
  2. 65.1Insurance
    ISTAT explanatory notes ›

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

    This group includes:

    • life insurance and life reinsurance with or without a substantial savings element and other non-life insurance
    • activities of insurance providers on own account
    • pooling and assuming insurance risks
    • captive insurance activities

    Excludes

    • selling of insurance as a broker, see 66.2266.22
  3. 65.11Life insurance
  4. 65.11.0Life insurance
  5. 65.11.00Life insurance
    From ATECO 2022: 65.11.00 Assicurazioni sulla vita (all from here)
    ISTAT explanatory notes ›

    Includes

    • term life insurance
    • permanent life insurance
    • underwriting annuities and life insurance policies, disability income insurance policies, accidental death, funeral and dismemberment insurance policies (with or without a substantial savings element)

    Also includes

    • supplementary insurance underwritten in addition to life insurance, in particular, insurance against personal injury, including incapacity for employment, insurance against death resulting from an accident, and insurance against disability resulting from an accident or sickness
    • types of permanent health insurance not subject to cancellation
  6. 65.12Non-life insurance
    ISTAT explanatory notes ›

    Excludes

    • compulsory social security schemes, see 84.3084.30
  7. 65.12.0Non-life insurance
  8. 65.12.00Non-life insurance
    From ATECO 2022: 65.12.00 Assicurazioni diverse da quelle sulla vita (all from here)
    ISTAT explanatory notes ›

    Includes

    • provision of insurance services other than life insurance:
      • accident insurance
      • medical and health insurance
    • complementary or supplementary health insurance
      • travel insurance
      • fire and natural forces damage to property insurance
      • other damage to property insurance
      • motor vehicles, railway rolling stock, ships, aircraft and other transport insurance
    • freight insurance:
      • financial loss and liability insurance
    • credit insurance
    • legal expenses insurance
    • income protection insurance
    • workers' compensation insurance
  9. 65.2Reinsurance
  10. 65.20Reinsurance
  11. 65.20.0Reinsurance
  12. 65.20.00Reinsurance
    From ATECO 2022: 65.20.00 Attività di riassicurazione (all from here)
    ISTAT explanatory notes ›

    Includes

    • activities of assuming all or part of the risk associated with existing insurance policies originally underwritten by other insurance providers

    Also includes

    • activities of finite reinsurance
  13. 65.3Pension funding
  14. 65.30Pension funding
    ISTAT explanatory notes ›

    This class includes the provision of retirement income benefits exclusively for the sponsor's employees or members and other insurance products regulated as employer-related funds. It includes pension plans with defined benefits as well as defined contributions.

    Excludes

    • management of pension funds, see 66.3066.30
    • compulsory social security schemes, see 84.3084.30
  15. 65.30.0Pension funding
  16. 65.30.00Pension funding
    From ATECO 2022: 65.30.10 Attività dei fondi pensione aperti (in part) · 65.30.20 Attività dei fondi pensione negoziali (in part) · 65.30.30 Attività dei fondi pensione preesistenti (in part)
    ISTAT explanatory notes ›

    Includes

    • provision of employee benefit plans
    • provision of pension funds and plans
    • provision of retirement plans
    • provision of retirement income benefits exclusively for the sponsor's employees or members

Source and disclaimer

The code you find here has no legal value, like the one from ISTAT's own navigator. You can use it as a reference when you register or change a VAT number with the Business Register or the Italian Revenue Agency. If in doubt, ask your accountant. ISTAT's official ATECO navigator.

Data: ISTAT, ATECO 2025 classification, CC BY 4.0 licence. We reorganised the files for search without changing the text of codes and notes, except for the capitalisation of section titles. CC BY 4.0

ISTAT files used

ATECO documentation on istat.it