NAICS Code 524128-02 - Government-Insurance Carriers NEC

Marketing Level - NAICS 8-Digit

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  • Sales Volume
  • Employee Count
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Looking for more companies? See NAICS 524128 - Other Direct Insurance (except Life, Health, and Medical) Carriers - 356 companies, 1,701 emails.

NAICS Code 524128-02 Description (8-Digit)

Government-Insurance Carriers NEC is a subdivision of the NAICS Code 524128 that includes companies that provide direct insurance policies to the government and its agencies. This industry covers insurance policies that are not related to life, health, or medical insurance. The companies in this industry provide insurance coverage for various risks that the government may face, such as property damage, liability, and casualty. The insurance policies offered by these companies are tailored to meet the specific needs of the government and its agencies.

Parent Code - Official US Census

Official 6‑digit NAICS codes serve as the parent classification used for government registrations and documentation. The marketing-level 8‑digit codes act as child extensions of these official classifications, providing refined segmentation for more precise targeting and detailed niche insights. Related industries are listed under the parent code, offering a broader context of the industry environment. For further details on the official classification for this industry, please visit the U.S. Census Bureau NAICS Code 524128 page

Tools

Tools commonly used in the Government-Insurance Carriers NEC industry for day-to-day tasks and operations.

  • Risk management software
  • Claims management software
  • Underwriting software
  • Actuarial software
  • Policy administration software
  • Fraud detection software
  • Compliance management software
  • Customer relationship management software
  • Data analytics software
  • Document management software

Industry Examples of Government-Insurance Carriers NEC

Common products and services typical of NAICS Code 524128-02, illustrating the main business activities and contributions to the market.

  • Government property insurance
  • Government liability insurance
  • Government casualty insurance
  • Government aviation insurance
  • Government marine insurance
  • Government cyber insurance
  • Government terrorism insurance
  • Government flood insurance
  • Government fire insurance
  • Government crop insurance

History

A concise historical narrative of NAICS Code 524128-02 covering global milestones and recent developments within the United States.

  • The Government-Insurance Carriers NEC industry has a long history dating back to the early 20th century when the first government insurance programs were established. In the United States, the Social Security Act of 1935 created the first government insurance program, which provided retirement benefits to workers. In the 1960s, the Medicare and Medicaid programs were established to provide health insurance to the elderly and low-income individuals. In recent years, the industry has seen significant growth due to the implementation of the Affordable Care Act, which expanded access to health insurance for millions of Americans. Additionally, the industry has been impacted by the COVID-19 pandemic, which has led to increased demand for government-funded insurance programs.