NACE 65 – Insurance, Reinsurance and Pension Funding | Public Tenders
NACE 65 Insurance: life insurance, non-life insurance and pension schemes in public tenders. CPV codes and procurement procedures.
Definition: NACE 65 covers the activities of insurance undertakings and pension schemes that assume risks in return for premium payments and accumulate capital to cover future liabilities. This includes life insurance, non-life insurance as well as occupational and state pension schemes.
Legal basis: NACE Rev. 2 (Regulation (EC) No 1893/2006) · Last updated: January 2026
What does NACE 65 cover?
NACE 65 (Insurance, reinsurance and pension funding) classifies insurance undertakings and pension schemes — an area relevant in public procurement through the obligation to insure public assets and provide for civil servants and employees.
Division 65 within Section K (Financial and insurance activities) is broken down into three groups:
| Group | Title | Typical services |
|---|---|---|
| 65.1 | Insurance | Capital life insurance, term life insurance, annuity insurance |
| 65.2 | Reinsurance | Liability, fire, motor, accident, transport, legal protection |
| 65.3 | Pension funding | Occupational pensions, supplementary pension funds, public-law pension schemes |
Public contracting authorities procure from this sector liability, buildings and vehicle insurance as well as occupational pension products for employees.
Public Tenders: Sector NACE 65
Public insurance contracts cover a broad spectrum — from buildings insurance for municipal buildings to professional liability insurance for public employees.
Typical types of contract
- Buildings insurance: Insurance of municipal and state buildings against fire, natural hazards and water damage
- Motor fleet policies: Insurance of government vehicles and municipal vehicle fleets
- Liability insurance: General and special liability cover for public institutions
- Accident insurance: Group accident insurance for voluntary activities, fire brigades, aid organisations
- Occupational pensions: Direct insurance, group contracts for public-service employees
- Technical insurance: Machinery breakdown insurance for public undertakings, IT insurance
Relevant CPV codes for NACE 65
The link between the NACE classification and tender search is provided by the CPV codes (Common Procurement Vocabulary), which must be stated in every contract notice on TED.
| CPV Code | Title | Application |
|---|---|---|
| 66500000 | Insurance and pension services | General insurance procurements |
| 66510000 | Insurance services | Framework agreements for insurance services |
| 66515000 | Damage or loss insurance services | Buildings, contents, natural hazards insurance |
| 66516000 | Liability insurance services | General and special liability |
| 66512100 | Accident insurance services | Group and individual accident insurance |
| 66600000 | Treasury services | Financial administration, treasury, pension benefits |
Current tenders with these CPV codes can be found on TED (Tenders Electronic Daily) as well as on national procurement platforms.
For Contracting Authorities and Bidders
Public contracting authorities
Municipalities, districts, federal states and federal authorities are the main contracting authorities for insurance services. Municipal umbrella associations in some federal states coordinate framework insurance agreements for their members. Public supplementary pension funds (VBL in Germany, BVK in Bavaria) and public-law pension schemes administer the occupational pension provision of the public service. In Austria, the BVAEB (civil servants' insurance) performs this function for federal employees.
Companies and bidders
Insurance undertakings participating in public tenders must typically provide the following evidence:
- Insurance supervisory authorisation: Authorisation by FMA (AT) or BaFin (DE) for the insurance lines tendered
- Solvency evidence: Evidence of sufficient own funds in accordance with Solvency II (SCR ratio)
- Cover concept: Detailed offer with insurance conditions, exclusions and deductibles
- Claims handling: References and concept for claims settlement, in particular in major loss events
Frequently Asked Questions on NACE 65 and public tenders
Are insurance services subject to tendering obligations?
Yes — insurance services fall under Annex XIV of Directive 2014/24/EU and are subject to tendering as so-called "social and other specific services", but with simplified procedure rules. In Germany the VgV applies; in Austria the BVergG with the corresponding threshold of EUR 750,000.
Can a public contracting authority extend its existing insurer without tendering?
No — a contract extension without a fresh tender is only permissible where the original tender provided for an extension option and this remains within the scope of the original contract terms. Otherwise, a fresh tender is required.
Which insurance lines are particularly common in public tenders?
Buildings insurance (including fire and natural hazards), liability insurance and motor fleet policies are the most common insurance procurements. They are often tendered as an overall package or in lots.
Navigation: NACE 65 in context
- NACE K – Financial and insurance activities: Parent section
- NACE 64 – Financial service activities: Banks and investment funds
- NACE 66 – Activities auxiliary to financial services and insurance activities: Brokers and fund management
- NACE 69 – Legal and accounting activities: Legal advice in insurance disputes
Last updated: January 2026
All information is provided without guarantee. For legally binding advice, please consult a law firm specialising in public procurement law.
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