LFINANCIAL AND INSURANCE ACTIVITIES
Companies in this section provide financial services, insurance, or services that support finance and insurance businesses.
Financial services cover raising money, taking deposits and lending money to others. Banks, finance companies, moneylenders, pawnbrokers, leasing firms and remittance firms are typical examples. The section also covers companies that only hold assets, such as holding companies, trusts and investment funds.
Insurance covers companies that take on risk in return for a premium, including life and general insurers, reinsurers and pension funds. Support services include stockbrokers, money-changers, fund managers, payment processors, insurance agents and brokers, and claims adjusters. Firms that only give IT or other non-financial support to banks or insurers are classified elsewhere.
Commonly Registered Businesses
Key SSIC 2025 ActivitiesMost frequent business registrations, commercial entities and popular sub-classes in Section L:
Holding companies of non-financial groups, such as property or trade
Holdings holding controlling equity in industrial, commercial and trading subsidiaries
Single and multi-family offices
Dedicated wealth management entities managing private family assets and estates
Other fund managers, such as for shipping trusts and pension funds
Fund management vehicles administering private equity, hedge funds and institutional assets
Investment funds, trusts and personal investment holding companies
Collective investment schemes, mutual funds and passive wealth accumulation vehicles
Holding companies of financial and insurance groups
Parent holding companies owning banks, insurance firms and financial brokerages
General insurers for motor, property, travel, health and other risks
Underwriting property and casualty policies, commercial liability, and medical coverage
Official SingStat Definition & Scope
This section includes financial service activities, insurance activities and financial auxiliary activities, regardless of the technologies used to conduct these activities or support services.
Three principal types of activities are classified in this section: raising, obtaining and providing funding in division 64, pooling of risk by underwriting insurance and annuities in division 65 and providing specialised services facilitating or supporting financial or insurance service activities in division 66. This section also includes activities of holding assets, such as activities of holding companies and the activities of trusts, funds and similar financial entities (in division 64), as well as the activities of reinsurance and pension funds (in division 65).
Cross-References & Exclusions (Classified Elsewhere)
- • support activities to financial services but not financial in nature (e.g. IT services supporting banking activities), which should be classified in other sections of the SSIC based on their principal activity
- • management of real estate investment funds with main income from the rental of properties, see Section M 'Real estate activities'
- • activities of head and regional head offices/centralised administrative offices and subsidiary management offices, see 70101