The increasing use of digital technologies in economic activities - while creating significant benefits in terms of productivity and efficiency - is also leading to significant risks including the potential for digital security or cyber incidents to compromise the confidentiality, integrity and availability of information and information systems. While not a substitute for investing in cyber security and risk management, insurance coverage for cyber risk can make an important contribution to the management of cyber risk by promoting awareness about exposure to cyber losses, sharing expertise on risk management, encouraging investment in risk reduction and facilitating the response to cyber incidents. This report provides an overview of the financial impact of cyber incidents, the coverage of cyber risk available in the insurance market, the challenges to market development and initiatives aimed at addressing those challenges. It includes a number of policy recommendations aimed at supporting the development of the cyber insurance market and making a contribution to improving the management of cyber risk.
In 2017, the Royal Government of Cambodia published a new Social Protection Policy Framework (SPPF), providing an ambitious vision for a social protection system in which a comprehensive set of policies and institutions operate in sync with each other to sustainably reduce poverty and vulnerability.The Social Protection System Review of Cambodia prompts and answers a series of questions that are crucial for the implementation ofthe framework : How will emerging trends affect the needs for social protection, now and into the future? To what extent are Cambodia’s social protection instruments able – or likely – to address current and future livelihood challenges? How does fiscal policy affect social protection objectives?
This review provides a contribution to the ongoing policy dialogue on social protection, sustainable growth and poverty reduction. It includes four chapters. Chapter 1 is a forward-looking assessment of Cambodia’s social protection needs. Chapter 2 maps the social protection sector and examines its adequacy. An investigation of the distributive impact of social protection and tax policy is undertaken in Chapter 3. The last chapter concludes with recommendations for policy strategies that could support the establishment of an inclusive social protection system in Cambodia, as envisaged by the SPPF.
Paris, 24-25 October 2017: Bringing together leading actors across the green finance community, the 2017 forum will focus on the short and long-term actions needed to meet the Paris Agreement; opportunities for green investment; the role of the financial system; and channels for green finance and investment.
The Global Pension Statistics Project measures and monitors the pension industry, allowing inter-country comparisons of current statistics and indicators on key aspects of retirement systems.
OECD report on trends in the financial performance of private pension plans. Covering 85 countries, it assesses the amount of assets in funded and private pension plans, describes the way these assets are invested in financial markets, and looks at how investments have performed, both in the past year and over the past decade.
Long-term capital is in short supply and has become increasingly so since the 2008 financial crisis. This has profound implications for growth and financial stability. The OECD is exploring these issues in depth.
This report assesses the state of Armenia’s sanitation services, which are in poor shape, and proposes ways forward for reforming the sector by: ensuring equitable access by all and identifying solutions that work for the poorest and most remote communities; generating economies of scale and scope, and reducing both investment and operational costs for the efficient delivery of sanitation services; and moving towards sustainable cost recovery for the sanitation sector, by identifying how much funding can be mobilised from within the sector and how much external transfers are required. The state of Armenia’s sanitation services are inadequate, with 51% of the population in rural areas using unimproved facilities, causing direct damage to the environment and exposing inhabitants to health risks, and better access but degraded sewerage-system infrastructure in urban areas, posing health hazards due to potential cross-contamination between sewage and drinking water. According to preliminary estimates, EUR 2.6 billion of investments will be required to meet Armenia’s sanitation needs, with approximately EUR 1 billion needing to be spent in the next 7 to 10 years. Given the country’s current economic situation, this investment will have to be spread over time and targeted to avoid further deterioration of infrastructure and increase of the financing gap.
OECD working papers on finance, insurance and private pensions address such policy issues as risk management, governance, types of investments, benefit protection and financial education.
20-21 September 2017, Bangkok: The 2017 roundtable on insurance and retirement savings will bring together key stakeholders from the Asia Pacific region to discuss policy issues that will lead to the sound development of insurance and private pensions markets.
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“Insurtech”is the term being used to describe the new technologies with the potential to bring innovation to the insurance sector and impact the regulatory practices of insurance markets. This report catalogues these technologies and examines how InsurTech is being funded and how insurers are engaging with the start-ups entering the market.