NAICS Code 524298-19 - Insurance-Holding Companies

Marketing Level - NAICS 8-Digit

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  • Employee Count
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Looking for more companies? See NAICS 524298 - All Other Insurance Related Activities - 3,539 companies, 77,299 emails.

NAICS Code 524298-19 Description (8-Digit)

Insurance-Holding Companies are companies that own the outstanding stock of one or more insurance companies. These companies do not underwrite insurance policies themselves but instead, they own the majority of the stock of other insurance companies. The primary purpose of these companies is to control and manage the policies of the insurance companies they own. Insurance-Holding Companies are responsible for the strategic planning, financial management, and overall direction of their subsidiaries. They also provide support services such as investment management, administrative services, and risk management to their subsidiaries.

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-Holding Companies industry for day-to-day tasks and operations.

  • Risk management software
  • Investment management software
  • Financial analysis software
  • Accounting software
  • Business intelligence software
  • Customer relationship management software
  • Compliance management software
  • Data analytics software
  • Portfolio management software
  • Claims management software

Industry Examples of Insurance-Holding Companies

Common products and services typical of NAICS Code 524298-19, illustrating the main business activities and contributions to the market.

  • Property insurance companies
  • Casualty insurance companies
  • Life insurance companies
  • Health insurance companies
  • Reinsurance companies
  • Surety insurance companies
  • Title insurance companies
  • Annuity insurance companies
  • Disability insurance companies
  • Long-term care insurance companies

History

A concise historical narrative of NAICS Code 524298-19 covering global milestones and recent developments within the United States.

  • Insurance-Holding Companies have been around for over a century, with the first one being established in the United States in the early 1900s. These companies were created to hold the stock of other insurance companies, allowing them to control the management and operations of those companies. Over time, Insurance-Holding Companies expanded their operations to include other financial services, such as banking and investment management. In recent years, the industry has faced challenges due to increased regulation and competition, but has also seen growth through mergers and acquisitions. In the United States, the Insurance-Holding Companies industry has a more recent history, with the first company being established in the 1960s. Since then, the industry has grown significantly, with many large companies being formed through mergers and acquisitions. In the 1990s, the industry faced challenges due to increased competition and regulatory changes, but has since rebounded and continues to grow. Today, Insurance-Holding Companies are major players in the financial services industry, providing a wide range of services to individuals and businesses.