Between 26 June and 1 September 2007, OECD invited public comments on the draft Good Practices for Enhanced Risk Awareness and Education on Insurance Issues from stakeholders with expertise in insurance and/or education issues – i.e. governments, insurance supervisors, ombudsman, insurance market players and their national associations, consumer associations, as well as NGOs, corporations and trade unions that play specific role in these areas.
This first set of general good practices on insurance and risk awareness and education are expected to be complemented by more detailed guidance on specific fields and issues that deserve more tailored recommendations.
The OECD would like to thank all stakeholders who provided most insightful and useful comments on this first set of good practices in the insurance sector and on financial education issues in general. Some minor drafting changes have been made to the good practices themselves, and comments and updates have been incorporated into the background paper on ‘Awareness and Education on Risk and Insurance Issues’.
Both the Good Practices and the background report will be released in 2008.