Insurance

Analytical tools for the insurance sector

 

The OECD has been collecting and analysing official insurance statistics since the early 1980’s. In response to the financial crisis in 2008, the OECD has been expanding the scope of its Global Insurance Statistics exercise in order to extend its global reach and improve its coverage of key indicators, with a view to enhancing the transparency of insurance markets.

As part of this effort, a project on analytical tools for the insurance sector has been launched. The project seeks to improve the capacity of governments, industry, and other stakeholders to monitor and analyse the insurance sector and achieve their respective objectives and in particular improve the quality of policymaking. This project should ultimately support global efforts to strengthen financial sector monitoring.

A report on analytical tools for the insurance sector will be prepared as the key element of this project, targeted for release in late 2016. The report will build on the outcomes of a roundtable on monitoring and transparency of the insurance sector that was held in December 2013 and on responses to a survey on the use of analytical tools by OECD Members and non-Members circulated in 2015/2016. This work is being undertaken in consultation with the International Association of Insurance Supervisors.

 

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