6621
Insurance risk and damage assessment activities
This code covers activities of evaluating insurance risks and damages, including calculating losses, assessing repair costs, and analyzing risks for policy underwriting. Essentially, it involves expert and consulting services for insurance companies, brokers, or direct clients, helping to correctly set premiums and compensations. If you provide independent assessments of auto, property, or liability damages, this is the appropriate code.
Entrepreneur Profile
Acest cod este destinat experților evaluatori, inginerilor, tehnicienilor auto sau specialiștilor în daune care lucrează ca freelanceri sau prin SRL-uri, oferind servicii de constatare și evaluare pentru companii de asigurări, brokeri sau persoane fizice. De asemenea, este util pentru firmele de consultanță în managementul riscurilor care doresc să includă evaluarea daunelor în portofoliu.
Who should avoid:
Avoid the exclusive use of code 6621 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.
Authorization procedure and Trade Register aspects for NACE 6621
To establish a company carrying out insurance risk and damage assessment activities, NACE code 6621, the first step is registering with the Trade Register (ONRC) the constitutive acts. According to Law 31/1990, the associates submit to the Trade Register the tax clearance certificate, the affidavit (Law 359/2004) regarding the registered office, and identity documents. Risk assessment activities do not require prior approval from the Tax Authority (ANAF) or other entities, but it is mandatory to declare the main activity object exactly according to NACE Rev. 2. Upon completion of registration, ONRC assigns the registration number and certificate, after which effective registration is requested within 30 days. There are no additional minimum capital barriers compared to the general regime (50 RON for LLC, except for joint-stock companies which require a minimum of 90,000 RON).
Regulatory framework, specific authorizations and control institutions
NACE 6621 is strictly regulated by the Financial Supervisory Authority (ASF). Any legal entity performing risk and damage assessments in the insurance field must obtain an operating license from ASF (Law 32/2000 on insurance/reinsurance companies). In fact, this NACE class is mainly intended for claims inspectors, expert evaluators, and insurance-related service companies. Operational control is exercised by ASF through periodic checks and quarterly reports. Additionally, ANAF controls compliance with tax obligations, and for cross-border activities, Solvency II rules apply. There are no specific environmental or sanitary approvals, but implementing a risk management system according to international standards (ISO 31000) is recommended.
Tax management, ANAF audit risk, and specific accounting
From the perspective of the Fiscal Code, income from risk assessment activities falls under income from services provided to individuals or legal entities, taxed at 16% (profit tax) or 1%/3% for micro-enterprises (if conditions regarding turnover and employee count are met). Newly established companies must submit the single declaration and establish the fiscal vector through declaration 010. Social contributions (CAS, CASS) are calculated on employees' salaries, and specific rules apply for administrators. ANAF audit risk is moderate to high: authorities may verify the reality of transactions and compliance with VAT rules, especially in the case of invoicing to insurance companies. Use of the RO e-Factura system is mandatory for B2B relations starting 2024, and supporting documents (evaluation reports, photos, expert opinions) must be kept for at least 10 years. Accounting must clearly separate income from insurance premiums (if the company also acts as insurer, but for NACE 6621 strictly assessment) and salary expenses. Professional liability insurance contracts are recommended, as errors in evaluation can generate significant damages. To avoid financial blockages, preventive consultancy is essential.
Included Activities
- ✅ Evaluation of insurance risks for policy underwriting
- ✅ Assessment of damages and losses (auto, property, liability, etc.)
- ✅ Calculation of repair costs and compensations
- ✅ Analysis of causes and circumstances of damages
- ✅ Drafting assessment and expert reports
- ✅ Consultancy in claims management
Excluded Activities
- ❌ Insurance intermediation activities (code 6622)
- ❌ Pension fund management activities (code 6630)
- ❌ Auto repair activities (code 4520)
- ❌ Legal representation services in court (code 6910)
Similar or Related CAEN Codes:
From the same category of economic activities:
Întrebări Frecvente
What authorizations are needed to carry out insurance risk and damage assessment activities?
There is no specific license from ASF for this code, but it is recommended to hold a professional certification (e.g., from the Association of Auto Damage Experts) and register as an authorized individual or LLC. For real estate valuations, ANEVAR certifications may be required.
Can I use this NACE code if I am also an insurance broker?
No, brokerage (intermediation) activity falls under code 6622. If you offer both services, you must register both NACE codes, but damage assessment must be independent from intermediation to avoid conflicts of interest.