The coronavirus (COVID-19) pandemic has provoked a public health crisis without precedent in living memory. In addition to causing large-scale loss of life and severe human suffering, the pandemic has also set in motion a major economic crisis that will burden our societies for years to come. The OECD is contributing to a co-ordinated policy response across countries and insurance coverage is one dimension of that response.
Individuals and businesses face important costs and losses prompting questions around available insurance coverage and the need for policy intervention in the future. Insurance is an important financial tool for when extreme events such as disasters occur, making available financial protection for populations that may otherwise be economically exposed.
This page groups insurance-related responses from the OECD that can help guide the actions of governments, supervisors and industry in today's challenging times.
This report provides an overview of the measures that governments, insurance regulators and supervisors and insurance associations and individual companies have taken to respond to COVID-19 across three main areas: ensuring continuity of operations; managing solvency and liquidity risks; and providing support to policyholders that have been adversely affected by the COVID-19 public health emergency.
This note provides an overview of how business interruption insurance against pandemic risk could be provided with support from governments, and some of the challenges and considerations necessary for establishing such a programme.
Insurance coverage and COVID-19 May 2020
This note outlines key policy considerations that governments and policy stakeholders can use to help address insurance coverage gaps.
This note is an initial assessment of the insurance related losses and expenses due to the COVID-19 pandemic and the government responses to consider.
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