ATECO Codes — Insurance, reinsurance and pension funding, except compulsory social security
Division 65 groups companies that directly underwrite risks: life insurance companies (65.11) and non-life insurance companies (65.12), reinsurance (65.20) and pension funds (65.30). These are entities regulated by IVASS and COVIP, constituted as corporations or institutions, and taxed on their financial statements under IRES and IRAP. This code is distinct from that of agents and brokers, which fall under division 66.
- ATECO 2025 codes
- 4
- Flat-rate eligible
- 4 of 4
- Profitability coefficient
- 78%
- Prevalent INPS scheme
- Gestione Separata
Frequently asked questions
Should an insurance agent or broker use ATECO code 65?
No. Division 65 is reserved for companies that underwrite policies and assume the risk. Those who act as intermediaries (agents, sub-agents, brokers, producers) use division 66, specifically code 66.22.00. This is a common error when opening a VAT number, and choosing the wrong one leads to an incorrect match with the INPS scheme and profitability coefficient.
Can an insurance company apply the flat-rate regime?
No. The flat-rate regime is designed for individuals with a sole-trader VAT number up to €85,000 in revenue. Division 65 companies are corporations authorised by IVASS, so they are taxed through their financial statements under IRES and IRAP. The flat-rate regime is relevant instead for insurance intermediaries (division 66), for which you can calculate the taxes using the 78% coefficient.
What is the difference between division 65 and division 66?
Division 65 covers those who issue policies and manage the risk: life insurance, non-life insurance, reinsurance and pension funds. Division 66 groups ancillary activities, i.e. agents, brokers and loss adjusters who sell or support those products without assuming the risk themselves. Division 65 consists of regulated entities with capital requirements; division 66 also includes professionals and sole traders.