SSIC Section L – Financial and insurance activities
Companies in this section provide financial services, insurance, or services that support finance and insurance businesses.
Financial services cover raising money, taking deposits and lending money to others. Banks, finance companies, moneylenders, pawnbrokers, leasing firms and remittance firms are typical examples. The section also covers companies that only hold assets, such as holding companies, trusts and investment funds.
Insurance covers companies that take on risk in return for a premium, including life and general insurers, reinsurers and pension funds. Support services include stockbrokers, money-changers, fund managers, payment processors, insurance agents and brokers, and claims adjusters. Firms that only give IT or other non-financial support to banks or insurers are classified elsewhere.
Commonly registered businesses
- Holding companies of non-financial groups, such as property or trade (64202)
- Single and multi-family offices (66306)
- Other fund managers, such as for shipping trusts and pension funds (66309)
- Investment funds, trusts and personal investment holding companies (64300)
- Holding companies of financial and insurance groups (64201)
- General insurers for motor, property, travel, health and other risks (65124)
Divisions of Financial and insurance activities128 companies
·
| Code | Title | Companies |
|---|---|---|
| 64 | Financial service activities (except insurance and pension funding) | 48 |
| 641 | Monetary intermediation | 14 |
| 6411 | Central Bank | 0 |
| 64110 | Central bank | 0 |
| 6412 | Full Banks | 10 |
| 64120 | Full banks | 10 |
| 6413 | Wholesale Banks | 3 |
| 64130 | Wholesale banks | 3 |
| 6414 | Merchant Banks | 1 |
| 64140 | Merchant banks | 1 |
| 6415 | Finance Companies | 0 |
| 64150 | Finance companies (with deposit taking functions) | 0 |
| 642 | Activities of holding companies | 29 |
| 6420 | Activities of Holding Companies | 29 |
| 64201 | Holding companies (financial and insurance) | 1 |
| 64202 | Holding companies (non-financial) | 28 |
| 643 | Trusts, funds and similar financial entities | 0 |
| 6430 | Trusts, Funds and Similar Financial Entities | 0 |
| 64300 | Trusts, funds and similar financial entities | 0 |
| 649 | Other financial services activities (except insurance and pension funding activities) | 5 |
| 6491 | Financial Leasing | 0 |
| 64910 | Financial leasing companies | 0 |
| 6492 | Other Credit Granting | 0 |
| 64921 | Thrift and loan societies and credit associations | 0 |
| 64922 | Credit card services | 0 |
| 64923 | Mutual benefits organisations | 0 |
| 64924 | Money-lending | 0 |
| 64925 | Pawnbrokerage | 0 |
| 64929 | Other credit granting n.e.c. | 0 |
| 6499 | Financial Service Activities n.e.c. (Except Insurance and Pension Funding Activities) | 5 |
| 64991 | Factoring companies | 0 |
| 64992 | Representative offices of foreign banks | 0 |
| 64993 | Remittance services | 0 |
| 64994 | Treasury centres | 0 |
| 64999 | Other financial service activities n.e.c. | 5 |
| 65 | Insurance, reinsurance, provident funding and pension funding | 24 |
| 651 | Insurance underwriting | 21 |
| 6511 | Life Insurance (Insurance Underwriting) | 8 |
| 65110 | Life insurance | 8 |
| 6512 | General Insurance (Insurance Underwriting) | 13 |
| 65121 | Marine insurance | 0 |
| 65122 | Captive insurance | 0 |
| 65123 | Import, export and credit insurance | 0 |
| 65124 | General insurance | 13 |
| 652 | Reinsurance underwriting | 3 |
| 6520 | Reinsurance | 3 |
| 65201 | Life reinsurance | 1 |
| 65202 | General reinsurance | 2 |
| 653 | Provident and pension funding | 0 |
| 6530 | Provident and Pension Funding | 0 |
| 65300 | Provident funding and pension funding | 0 |
| 66 | Activities auxiliary to financial service and insurance activities | 56 |
| 661 | Activities auxiliary to financial service activities, except insurance and pension funding | 11 |
| 6611 | Securities and commodities exchange | 0 |
| 66110 | Securities and commodities exchange | 0 |
| 6612 | Security and Commodity Contracts Brokerage | 2 |
| 66121 | Stock, share and bond brokers and dealers | 1 |
| 66122 | Foreign exchange brokers and dealers | 0 |
| 66123 | Gold bullion brokers and dealers | 0 |
| 66124 | Commodity and futures brokers and dealers | 0 |
| 66125 | Carbon credit brokers/traders | 1 |
| 66126 | Money-changing services | 0 |
| 66129 | Securities and commodities brokerage n.e.c. | 0 |
| 6619 | Other Activities Auxiliary to Financial Service Activities | 9 |
| 66191 | Trustee, fiduciary and custody services | 0 |
| 66192 | Corporate finance advisory services | 2 |
| 66193 | Clearing and settlement of financial instruments | 0 |
| 66194 | Activities auxiliary to fund management activities | 0 |
| 66195 | Transaction/payment processing services | 5 |
| 66199 | Other auxiliary financial services n.e.c. | 2 |
| 662 | Activities auxiliary to insurance and pension funding | 20 |
| 6621 | Risk and Damage Evaluation | 0 |
| 66210 | Risk and damage evaluation | 0 |
| 6622 | Activities of Insurance Intermediaries | 18 |
| 66221 | Insurance agencies and agents | 9 |
| 66222 | Insurance brokers | 9 |
| 6629 | Other Activities Auxiliary to Insurance and Pension Funding | 2 |
| 66291 | Representative offices of foreign insurers | 0 |
| 66292 | Captive managers | 0 |
| 66299 | Other auxiliary insurance and pension services | 2 |
| 663 | Fund management activities | 25 |
| 6630 | Fund Management Activities | 25 |
| 66301 | Traditional/long-only asset/portfolio management | 17 |
| 66302 | Hedge fund management | 0 |
| 66303 | Property fund/REIT management | 0 |
| 66304 | Private equity firms | 0 |
| 66305 | Venture capital activities | 0 |
| 66306 | Single/multiple family offices activities | 0 |
| 66307 | Private debt funds | 0 |
| 66309 | Fund management activities n.e.c. | 8 |
Companies in Financial and insurance activities128 companies
| Company | Status |
|---|---|
| PAYPAL PTE. LTD. 200509725E Transaction/payment processing services | Live Company 14 Jul 2005 |
| LENDELA PTE. LTD. 201801220D Other auxiliary financial services n.e.c. | Live Company 9 Jan 2018 |
| PINE LABS SOLUTIONS PTE. LTD. 201703459W Other auxiliary financial services n.e.c. | Live Company 8 Feb 2017 |
| ACCLAIM INSURANCE BROKERS PTE. LTD. 198204786Z Insurance agencies and agents | Live Company 18 Nov 1982 |
| AON SINGAPORE PTE. LTD. 198301525W Insurance agencies and agents | Live Company 5 Apr 1983 |
| BEAZLEY PTE. LIMITED 200611993M Insurance agencies and agents | Live Company 17 Aug 2006 |
| DELTA UNDERWRITING PTE. LTD. 201709369N Insurance agencies and agents | Live Company 4 Apr 2017 |
| MITSUI BUSSAN PANA HARRISON PTE. LTD. 198002686E Insurance agencies and agents | Live Company 30 Jul 1980 |
| MONEYOWL PRIVATE LIMITED 201820691C Insurance agencies and agents | Live Company 18 Jun 2018 |
| PROMISELAND FINANCIAL ADVISORY PTE. LTD. 197902346W Insurance agencies and agents | Live Company 7 Aug 1979 |
Useful information for businesses in this section
- Banks, merchant banks and finance companies need a licence from MAS. (MAS)
- Insurers and insurance brokers must be licensed or registered under the Insurance Act. (MAS, Insurance Act)
- Fund managers and securities dealers usually need a capital markets services licence. (MAS)
- Payment, remittance and money-changing services come under the Payment Services Act. (MAS, Payment Services Act)
- Moneylenders and pawnbrokers need a licence from the Ministry of Law. (Registry of Moneylenders, Registry of Pawnbrokers)