652
Reinsurance activities
Reinsurance is "insurance for insurers" – an insurance company transfers part of the risks it has assumed to a reinsurer, paying a premium. Thus, reinsurers take on large exposures (natural disasters, aviation accidents, pandemics) and ensure the stability of the direct insurance market.
Entrepreneur Profile
This CAEN code 652 is intended for entrepreneurs and companies (SRL, PFA) wishing to develop a business focused on reinsurance activities. It is ideal for founders aiming to offer specialized services or products in this economic niche within the Romanian market.
Who should avoid:
Avoid the exclusive use of code 652 if the main activity of your company shifts towards other commercial or related branches not specified in the official description. See the excluded activities section below.
Reinsurance – CAEN 652
Reinsurance represents an invisible but essential pillar of the modern economy. CAEN code 652 covers activities through which reinsurers assume risks from direct insurers, allowing them to manage their exposures without financial collapse. In Romania, this niche has grown steadily after 2000, as the insurance market matured and major international groups opened local subsidiaries.
Macroeconomically, reinsurance contributes to the stability of the financial sector: without reinsurance, a major earthquake or flood could bankrupt local insurers and destabilize the entire banking system. It enables global risk dispersion and ensures the capital needed to cover large losses.
From a challenges perspective, entrepreneurs operating in this sphere face financial market volatility, frequent changes in European regulations (Solvency II), and the need to develop complex actuarial models for risk assessment. Additionally, the lack of specialists in actuarial and financial IT is a significant barrier in Romania.
Nevertheless, digitalization and big data offer opportunities for portfolio optimization and identification of emerging risks, such as cyber or climate change risks. In conclusion, division 652 is a niche sector but with a disproportionate impact on economic robustness, requiring advanced technical expertise and a long-term strategic vision.
Included Activities
- ✅ Insurance of risks ceded by direct insurers or by other reinsurers
- ✅ Life reinsurance, including capitalization reinsurance
- ✅ General (non-life) reinsurance for all types of losses
- ✅ Risk management and administration of reinsurance contracts
Excluded Activities
- ❌ Direct insurance activities for individuals or legal entities
- ❌ Administration of private pension funds (separately regulated)
- ❌ Auxiliary insurance activities (brokerage, consultancy, claims assessment)
- ❌ Granting of mortgage loans or other direct financing
Similar or Related CAEN Codes:
From the same category of economic activities:
Întrebări Frecvente
What type of companies can use CAEN code 652?
Any legal entity in Romania (SRL, PFA, Individual Enterprise) performing activities related to "reinsurance activities" is required to have this code authorized in its articles of incorporation or at the Trade Register.
Are special permits required for CAEN 652?
The need for permits depends on the exact nature of the operations carried out under class 652. Some activities require authorizations from DSV, Environment, or Occupational Safety, while others can be conducted solely based on the self-declaration at incorporation.