SIC Code 6311-98 - Life Insurance (Underwriters)
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SIC Code 6311-98 Description (6-Digit)
Life Insurance (Underwriters) is an industry that involves the assessment of risk and the provision of insurance policies to individuals and businesses to protect against financial loss in the event of death or disability. Underwriters in this industry evaluate the risk of insuring a person or entity based on factors such as age, health, occupation, and lifestyle. They then determine the premium that the policyholder will pay for the coverage. Life Insurance (Underwriters) is a crucial industry that provides peace of mind to individuals and businesses by protecting their financial interests in the event of unforeseen circumstances.
Hierarchy Navigation for SIC 6-Digit Code 6311-98
Parent Code (less specific)
Tools
- Actuarial software
- Underwriting guidelines
- Risk assessment tools
- Medical underwriting software
- Claims management software
- Policy administration systems
- Customer relationship management (CRM) software
- Data analytics tools
- Fraud detection software
- Compliance management software
Industry Examples of Life Insurance (Underwriters)
- Term life insurance
- Whole life insurance
- Universal life insurance
- Group life insurance
- Key person insurance
- Mortgage protection insurance
- Disability insurance
- Longterm care insurance
- Annuities
- Accidental death and dismemberment insurance
SIC Code 6311-98 - Life Insurance (Underwriters)
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