Group 651 - Insurance

PSIC Group 651 covers Insurance. Direct children below it include Life insurance and Non-life insurance. It clusters closely related activities and helps compare nearby classes before choosing the most defensible...

Level Group

Hierarchy depth 3/5

Children 2

Last verified 2026-10-21

Key facts

Code summary

Code 651

Official title Insurance

Version PSIC 2019

Source layer PSA / BSP

Parent 65 - Insurance, Reinsurance and Pension Funding, except Compulsory Social Security

Section K - Financial and Insurance Activities

Next step

Child codes

These are the next codes most users should open after this hub page.

6511

Life insurance

6512

Non-life insurance

Nearby codes

652

Reinsurance

653

Pension funding

About this level

Practical summary

Group 651 sits in the PSIC 2019 hierarchy under K Financial and Insurance Activities > 65 Insurance, Reinsurance and Pension Funding, except Compulsory Social Security. This group usually narrows the choice to a small family of classes such as Life insurance and Non-life insurance. It is useful when two or three neighboring activities look similar but should not be collapsed into one code.

Official note

Source-backed description

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