NACE 66.2 – Activities Auxiliary to Insurance and Pension Funding | Public Tenders

Definition: NACE 66.2 covers activities auxiliary to insurance and pension funding such as insurance brokerage, insurance agencies, claims handling as well as risk assessment and actuarial services. In the public sector, tenders for insurance brokers and the procurement of insurance cover for authorities and public enterprises are the central fields of application.

Legal basis: NACE Rev. 2 (Regulation (EC) No 1893/2006) · Last updated: January 2026

What does NACE 66.2 cover?

NACE 66.2 (Activities auxiliary to insurance and pension funding) classifies companies that provide services related to the insurance business — without themselves concluding insurance contracts.

Group 66.2 within Section K (Financial and insurance activities) and Division 66 is broken down into the following classes:

Public contracting authorities in the NACE 66.2 area are all public corporations, public enterprises, universities as well as municipal institutions that require insurance cover for their properties, vehicle fleets and liability risks.

Public Tenders: Sector NACE 66.2

The procurement of insurance services and insurance brokerage for public contracting authorities is a separate procurement area with considerable overall volume and specific legal particularities.

Typical types of contract

• Insurance brokerage services: Tendering of broker activities for all insurance lines of a public contracting authority (overall package or in lots by line)
• Buildings and contents insurance: Fire, burglary, water damage, natural hazards insurance for properties of public corporations
• Liability insurance: General liability, professional liability for civil servants, official liability
• Motor vehicle fleets: Motor liability and comprehensive insurance for municipal vehicle fleets, military vehicles
• Electronics insurance: Protection for IT equipment, server estates, communications equipment
• Construction insurance: Construction works, employer's liability and erection insurance for public construction projects

Thresholds and procedure types

Insurance services are subject to a simplified procurement regime as so-called "Article 74 services" (Annex XIV of Directive 2014/24/EU). From the relevant threshold (EUR 221,000, 2024/2025), an EU-wide notice is required, but with lower procedure requirements. In Germany, section 130 GWB in conjunction with sections 64–66 VgV regulates the tender procedure for social and other specific services, which include insurance.

Relevant CPV codes for NACE 66.2

Current tenders can be found on TED (Tenders Electronic Daily) as well as on national procurement platforms.

Who is NACE 66.2 relevant for in public procurement?

Public contracting authorities

Practically every public corporation is a contracting authority for insurance services. Large cities and districts regularly tender extensive insurance packages, frequently with a broker framework agreement. The Federal Ministry of the Interior coordinates central insurance contracts for federal authorities. Universities procure their own insurance solutions. Tenders for public hospitals (medical malpractice, business interruption insurance) and energy utilities are particularly complex.

Companies and bidders

Insurance brokers and consultants wishing to participate in public tenders must observe the following requirements:

• Authorisation: Entry in the insurance intermediary register under section 34d GewO or section 137 GewO, IDD compliance
• Conflicts of interest: Disclosure of commission structures; public contracting authorities often prefer fee-based advisors without commission
• Professional liability: Minimum cover amount for financial loss liability
• Reference evidence: Comparable mandates in the public sector (municipal, regional, federal)

NACE 66.2 in context: Section K and Division 66

• NACE K – Financial and insurance activities: Parent section
• NACE 65 – Insurance, reinsurance and pension funding: Insurance undertakings themselves
• NACE 66.1 – Activities auxiliary to financial services: Treasury, securities trading
• NACE 66.3 – Fund management activities: Investment funds, asset management

Frequently Asked Questions on NACE 66.2 and public tenders

Do public contracting authorities have to tender insurance?
Yes, where the contract value (premium volume of all insurance lines over the term) exceeds the threshold. Insurance falls under the simplified procurement regime (light regime), which sets less stringent procedure requirements but must guarantee transparency and equal treatment.

What is the difference between tendering the broker activity and tendering the insurance contracts themselves?
Both services can be tendered separately or jointly. In separate tendering, the broker is first commissioned, who then obtains insurance offers on behalf of the public contracting authority. In joint tendering, the overall package (broker + insurance cover) is tendered.

Are direct insurance contracts without a broker permissible under public procurement law?
Yes. The public contracting authority may also conclude insurance contracts directly with insurance undertakings. It must, however, comply with the public procurement requirements (thresholds, transparency, equal treatment) in this case too.

What contract durations are usual in insurance tenders?
Typically a term of 2–4 years with optional extension options. Longer terms may be appropriate for specialised risks (e.g. liability for nuclear facilities, special construction risks) but require specific justification.

Last updated: January 2026
All information is provided without guarantee. For legally binding advice, please consult a law firm specialising in public procurement law.