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. G20 Finance Ministers and Central Bank Governors and APEC Finance Ministers have recognised the importance and priority of disaster risk management strategies and, in particular, disaster risk assessment and risk financing. The OECD has supported the development of strategies for the financial management of natural and man-made disaster risks, under the guidance of the OECD High-Level Advisory Board on Financial Management of Large-scale Catastrophes and the OECD Insurance and Private Pensions Committee. This work has included the elaboration of an OECD Recommendation on Good Practices for Mitigating and Financing Catastrophic Risks and a draft Recommendation on Disaster Risk Financing Strategies The Financial Management of Flood Risk extends this work by applying the lessons from the OECD’s analysis of disaster risk financing practices and the development of its guidance to the specific case of floods.
Companies today, in particular banks, insurance companies and other financial institutions, increasingly operate their businesses in a group structure. This working paper examines the corporate governance of these groups, paying particular attention to financial groups, and includes an international perspective on corporate and financial laws. It identifies good practices and regulatory considerations for group governance.
Tokyo, 24 June 2016: This seminar focused on disaster risk financing in the Asian region.
Tokyo, 22-23 June 2016: This roundtable focused on developments and challenges facing insurance and retirement saving given the development of economies and the demographic changes in some Asian countries.
It is my great pleasure to launch this second edition of the OECD Business and Finance Outlook, along with the first edition of an accompanying Business and Finance Scoreboard, which has a wealth of statistical information relating to the Outlook.
This publication applies the lessons from the OECD’s analysis of disaster risk financing practices and the development of guidance to the specific case of floods. This report provides an overview of the approaches that economies facing various levels of flood risk and economic development have taken to managing the financial impacts of floods.
These reports describe the main features of the financial, and insurance and private pensions markets of countries that have been reviewed by the OECD.
English, PDF, 938kb
This review of Latvia by the OECD Working Party of Governmental Experts on Insurance examines Latvia’s position with respect to core principles related to insurance systems.
English, PDF, 444kb
This review of Colombia by the OECD Working Party on Private Pensions examines Colombia’s position with respect to core principles related to pension systems.
27/05/2016 - The real economy will always seem to be disconnected from the financial economy during periods when the need for structural change is so overwhelming that it can hardly be otherwise. We have had the easiest monetary policy of any historical era outside of hyperinflations, and productivity fails to grow, economic activity is weak...