Third Party Administration of Insurance & Pension Funds
Key Figures
Figures are published for NAICS 524292 directly.
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Official definition
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.
Source: US Census Bureau, 2017 NAICS Definitions. Public domain.
Which code does this activity belong in?
The code covers establishments that provide administrative services to insurance carriers, employee benefit plans, and self-insurance funds, including claims processing and related back-office functions. Claims adjusting, which involves investigating, appraising, and settling individual claims, is classified separately. Insurance advisory services, actuarial services, and ratemaking services fall under a different category of insurance-related activities.