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This report examines the potential role of governments in encouraging greater clarity and consistency in the products that are being offered and how legislation, regulation, guidance and other public policy measures impact the variation in scope and form of insurance coverage for cyber risk.
In an era of increasing reliance on digital technologies – and the increasing exposure to cyber risks that accompanies that reliance – insurance for cyber risks can make an important contribution to providing financial protection and helping policyholders prevent and respond to cyber incidents.
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This report examines how OECD and non-OECD countries are regulating and supervising insurance intermediation, focussing on market conduct rules as well as rules related to digitalisation of intermediation. It considers areas which require further investigation to address potential conflicts of interest.
Ageing is affecting many OECD countries and, as demographic change progresses, governments will be challenged to identify financially sustainable ways to support the care of ageing populations. This report provides a stocktaking of long-term care and health care systems in OECD and non-OECD countries with a strong focus on the nature of the insurance markets that contribute to these systems.
While much benefit can be expected from big data and AI, there are also a number of risks that require policy considerations. General guidance or regulation related to the use of big data and application of AI could eventually be developed by governments, and the insurance sector should be prepared to incorporate them in their specific context.
The Codes of Liberalisation constitute legally binding rules, stipulating progressive, non-discriminatory liberalisation of capital movements, the right of establishment and current invisible transactions (mostly services). All non-conforming measures must be listed in country reservations against the Codes.
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27 June 2019 - Preliminary data for 2018 show an increase in gross premiums of domestic insurance companies in most countries, especially in the non-life sector.
07/03/2019 - The OECD Insurance and Private Pensions Committee (IPPC) has confirmed the appointment of Mr Yoshihiro Kawai, Advisor to the Commissioner, Japan Financial Services Agency, as its Chair.
4-5 March 2019 Naypyidaw, Myanmar - This event will bring together high-level government officials and experts from public authorities, standard setter bodies, the academic community, the private sector as well as NGOs to discuss policy issues relevant to the sound development of insurance and private pensions markets.
These reports describe the main features of the financial, and insurance and private pensions markets of countries that have been reviewed by the OECD.