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NACE Rev. 2.1 · Section L

Financial and insurance activities

Banks, insurers, brokers and fund managers as B2B prospects: NACE L scope, how regulated buyers decide, which signals matter, and example searches.

What the section covers

Section L covers financial service activities (64), insurance, reinsurance and pension funding (65), and the activities that support them (66). It also includes holding assets: holding companies and financing conduits (64.2) and trusts, funds and similar financial entities (64.3).

Banks (64.19), financial leasing (64.91) and other credit granting (64.92) sit in division 64; life and non-life insurers (65.11, 65.12), reinsurers (65.20) and pension funds (65.30) in 65. Division 66 gathers the many intermediaries and service providers: administration of financial markets (66.11), securities and commodity brokerage (66.12), risk and damage evaluation (66.21), insurance agents and brokers (66.22), other financial intermediaries and advisers (66.19) and fund management companies (66.30).

Compulsory social security is public administration (P 84.30), and buying, selling or renting property is real estate (M 68). Head offices that actually manage their subsidiaries are in N 70.10 rather than 64.21, and operating leases – renting equipment or vehicles – are in O 77.

Divisions

  • 64Financial service activities, except insurance and pension funding
  • 65Insurance, reinsurance and pension funding, except compulsory social security
  • 66Activities auxiliary to financial services and insurance activities

Official labels: European Union, NACE Rev. 2.1.

Who sells to this section

  • Core-system, CRM and compliance software vendors (customer due diligence, anti-money laundering)
  • Cybersecurity, data-protection and IT-resilience specialists
  • Consultancies, auditors and law firms specialised in financial regulation
  • Marketing, lead-generation and appointment-setting services for brokers and advisers
  • Office fit-out, document-management and secure-printing providers

Buying signals that matter here

  • New company

    Indirect signal

    New brokers, advisers and fund managers must put compliance, software, professional indemnity insurance and an office in place before they can operate.

  • Leadership change

    Indirect signal

    Officer changes are formally registered. A new managing director at a broker or a fund manager often triggers a review of systems and suppliers.

  • Registry change

    Indirect signal

    Changes of capital, legal form or registered office can reveal a merger or an acquisition among brokers and advisers, and the system migrations that follow.

  • Accounts filed

    Indirect signalPartial

    Where accounts are published, revenue separates a sole adviser from an established brokerage before you call.

Example searches

  • Insurance brokers, for a CRM or compliance tool

    • CountryFrance
    • RegionAuvergne-Rhône-Alpes
    • NACE66.22 Activities of insurance agents and brokers
    • Size10–49 employees

  • Newly created financial advisory and intermediary firms

    • CountryFrance
    • NACE66.19 Other activities auxiliary to financial services, except insurance and pension funding
    • SignalNew company

  • Fund management companies of a certain size

    • CountryFrance
    • RegionÎle-de-France
    • NACE66.30 Fund management activities
    • Revenue≥ €2M (where published)

Coverage

In France (live), companies of this section are found through their NAF code, translated from NACE Rev. 2.1 with INSEE’s official correspondence table. In Germany (pilot), coverage is partial (companies visible in public procurement, larger companies with an LEI) and no activity code is published: any NACE code is inferred by AI and labelled as such. Other countries are planned. See coverage.

Banks, insurers and investment firms are licensed and supervised. Their purchasing is usually centralised at group level, with procurement, security and outsourcing reviews that make decisions slow. The register describes each entity, its officers and its events precisely, but the buyer is rarely the branch or subsidiary you see. Many companies coded 64.21 are personal holding companies with no staff: filter by headcount.

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