Direct Insurance (Except Life, Health, & Medical) Carriers
Key Figures
Figures are published for NAICS 52412 directly.
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Official definition
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).
Source: US Census Bureau, 2017 NAICS Definitions. Public domain.
Illustrative examples
- Automobile insurance carriers, direct
- Property and casualty insurance carriers, direct
- Bank deposit insurance carriers, direct
- Title insurance carriers, real estate, direct
- Mortgage guaranty insurance carriers, direct
- Warranty insurance carriers (e.g., appliance, automobile, homeowners’, product), direct
Which code does this activity belong in?
NAICS 52412 covers direct carriers that initially underwrite property, casualty, and specialty insurance policies such as automobile, title, and warranty coverage. The boundary with Direct Life, Health, and Medical Insurance Carriers (52411) divides based on the type of risk insured; 52412 excludes life, health, disability income, and accidental death coverage, which belong in 52411. Reinsurance Carriers (52413) assume risk on policies already underwritten by other carriers, whereas 52412 comprises establishments that initially underwrite and assume the original risk themselves.