MLchartDataset catalogue

Standard Industrial Classification (SIC)

Term · Insurance and risk management · MLC-T-INS-003164

A system used by the U.S. government to classify businesses by industry for statistical purposes. This classification aids insurers in assessing risk profiles and setting appropriate premiums for different types of commercial operations. The SIC system has largely been replaced by the North American Industry Classification System (NAICS).

Table 1. Record
IdentifierMLC-T-INS-003164
FieldInsurance and risk management
AbbreviationSIC
Record as JSON 
{
  "id": "MLC-T-INS-003164",
  "term": "Standard Industrial Classification (SIC)",
  "field": "Insurance and risk management",
  "definition": "A system used by the U.S. government to classify businesses by industry for statistical purposes. This classification aids insurers in assessing risk profiles and setting appropriate premiums for different types of commercial operations. The SIC system has largely been replaced by the North American Industry Classification System (NAICS).",
  "abbreviation": "SIC",
  "url": "https://mlchart.com/terminology/insurance/standard-industrial-classification-sic/"
}

Record 3,271 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.