Policy makers worldwide need to increase the awareness of citizens about effective means to mitigate the impact of the COVID-19 pandemic and its potential long-term consequences for their financial resilience and well-being. Taking domestic contexts into account, this policy brief proposes initial measures for the consideration of governments.
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In addition to the health consequences of the COVID-19 pandemic, both individuals and businesses face significant costs and losses. This note reviews the potential coverage available for COVID-19 related losses across different lines of insurance business and provides a high-level assessment of the availability of coverage based on common industry practices as of April 2020.
8 April 2020 - The coronavirus (COVID-19) pandemic is posing many challenges for the economy and public financial management systems. Yasemin Hurcan, Fatos Koc and Emre Balibek talk about how "cash buffers" can help governments mitigate short-term liquidity needs.
Disasters present a broad range of human, social, financial, economic and environmental impacts, with potentially long-lasting, multi-generational effects. The financial management of these impacts is a key challenge for individuals and governments in developed and developing countries. The OECD supports the development of strategies for the financial management of natural and man-made disaster risks.
With the coronavirus (COVID-19) pandemic eroding market and business confidence, this policy note encourages finnancial authorities to implement early and ambitious policy responses in their respective jurisdictions.
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The report presents the implications of the use of personal data in financial services from a consumer perspective and suggests policy options to protect consumers, combining robust financial and personal data protection, as well as greater consumer awareness and financial education.
POSTPONED - 16-17 March 2020, Hyderabad City, India: This event has been postponed due to travel and visitor precautions relating to the Coronavirus Covid-19.
The Australian Reinsurance Pool Corporation (ARPC) initiated a research study on the threat of cyber-terrorism in Australia, including the nature and cost of physical damage to commercial property (including business interruption) which may be caused by acts of cyber terrorism. This OECD report provides an analysis and assessment of insurance coverage and options for extending ARPC coverage.
27 February 2020 - Mauritius: Discussions at this event focused on international experiences in increasing coverage of private pensions, arket trends and supervisory challenges in the pension funds investment landscape, dealing with underfunded defined benefit (DB) pension schemes and how to improve governance of private pension funds.
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Enhancing the Availability of Data for Cyber Insurance Underwriting