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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.
POSTPONED - 18 March 2020, Hyderabad City, India: This event has been postponed due to travel and visitor precautions relating to the Coronavirus Covid-19.
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.
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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.
This annual report analyses insurance market statistics collected by the OECD to monitor the insurance industry’s overall performance and health. It covers all OECD countries plus selected Asian, African and Latin American countries.
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.