NAICS Code 524298-05 - Insurance Managers

Marketing Level - NAICS 8-Digit

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Contact Emails: 206
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Phone Numbers: 26
Business Addresses: 28
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NAICS CODE 524298-05
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NAICS Code 524298-05 Description (8-Digit)

Insurance Managers are professionals who oversee the operations of insurance companies. They are responsible for managing the day-to-day activities of the company, including underwriting, claims processing, and risk management. Insurance Managers work to ensure that the company is profitable and that it is meeting the needs of its customers. They also develop and implement strategies to grow the business and expand into new markets. Insurance Managers must have a strong understanding of the insurance industry, as well as excellent leadership and communication skills.

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 524298 page

Tools

Tools commonly used in the Insurance Managers industry for day-to-day tasks and operations.

  • Actuarial software
  • Claims management software
  • Underwriting software
  • Risk management software
  • Customer relationship management (CRM) software
  • Financial analysis software
  • Data analytics tools
  • Compliance management software
  • Project management software
  • Marketing automation software

Industry Examples of Insurance Managers

Common products and services typical of NAICS Code 524298-05, illustrating the main business activities and contributions to the market.

  • Property insurance
  • Casualty insurance
  • Life insurance
  • Health insurance
  • Disability insurance
  • Long-term care insurance
  • Reinsurance
  • Surety bonds
  • Title insurance
  • Pet insurance

History

A concise historical narrative of NAICS Code 524298-05 covering global milestones and recent developments within the United States.

  • The Insurance Managers industry has a long history dating back to the early 20th century when the first insurance companies were established. The industry has since evolved to become an essential part of the insurance sector, providing a range of services to insurance companies and policyholders. Notable advancements in the industry include the development of new technologies that have made it easier for insurance managers to manage policies and claims. In recent years, the industry has also seen an increase in the number of mergers and acquisitions, which has led to the consolidation of the industry. In the United States, the industry has been shaped by various regulatory changes, including the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, which has increased the regulatory burden on insurance managers. Despite these challenges, the industry has continued to grow and adapt to changing market conditions.