English, , 438kb
The paper discusses vulnerabilities in selected segments of the insurance sector and identifies specific issues related to the role of the insurance sector in the current financial crisis. The paper is part of a special report on the financial crisis and private pensions and insurance policies which will form part of the “OECD Strategic Response to the Crisis” and it provides a framework for the analysis in that report.
The financial crisis required governments to make massive interventions in their financial systems. This book sets out priorities for reforming incentives in financial markets as well as for phasing out these emergency measures.
English, , 6,569kb
This report addresses the question of ageing societies from a perspective that integrates implications and solutions for both healthcare and pensions, whereas most reports look separately at one or the other. The report focuses on opportunities, whereas most previous ones have focused primarily on risks. Finally, the report provides an overview of a broad set of practical solutions, ranging from the existing, but underappreciated, to
English, , 874kb
Français, , 436kb
Ce document de refléxion s’intéresse principalement au gouvernement d’entreprise des assureurs et il analyse diverses questions sous cet angle. Il a été développé conjointment par l'AICA et l'OCDE.
English, , 417kb
The situation in financial markets deteriorated over the past year, but government actions have helped to avert an even bigger crisis. While some signs of recovery are on the horizon, the banking sectors in many countries are not yet on solid footing. Recent government programmes that deal with banks’ ‘toxic assets’ are welcome in this regard. But further reaching financial sector reforms such as those recently endorsed by the G20
English, , 678kb
This article discusses responses to current financial and economic crisis by regulators, supervisors and policy makers in the area of private pensions. These responses are examined in the light of international guidelines, best practices and recommendations to improve the design of private pensions. Policy makers are reminded that private pensions continue to play an important role in a balanced pension system, with security coming
English, , 614kb
Historically, the main direct contribution of exchanges to corporate governance has been listing and disclosure standards and monitoring compliance. Stock exchanges have established themselves as promoters of corporate governance recommendations for listed companies. Demutualisation and the subsequent self-listing of exchanges have spurred debate on the role of exchanges. Regulators have been concerned about conflicts of interest
Français, , 269kb
Ce rapport décrit les raisons pour lesquelles les pensions professionnelles jouent un rôle considérable dans les pays de l’OCDE et dans le reste du monde, en apportant aux retraités un complément de revenus par rapport aux régimes publics. Le volume des actifs gérés pour le compte des participants aux plans, soit 22 000 milliards USD à la fin 2008, témoigne de leur importance sur le plan financier. Le vieillissement démographique a
English, , 557kb
The principal purpose of this article is to analyse the trade-off between the (un)certainty in contributions on the one hand and benefits on the other that is embedded in different pension arrangements. The article employs the funding ratio (ratio of assets to liabilities) and the replacement rate (ratio of benefits to salaries) as key criteria for evaluating the risk sharing characteristics of a private pension plan from the