Insurance and COVID-19


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.

Key materials

Webinar on addressing the protection gap for pandemic risk

23-24 March 2021 - This online event will bring together businesses, insurance intermediaries, insurance and reinsurance companies and policy makers to better understand the impact that the crisis has had on different types of policyholders, the challenges that insurers and reinsurers face in extending greater support and the steps needed to find a solution to ensure that the financial impacts of infectious disease outbreaks are better managed in the future.


Responding to the COVID-19 and pandemic protection gap in insurance  May 2020 (update forthcoming 23 March 2021)

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.  


Webinar on the impact of COVID-19 on insurance and retirement savings in Asia

7-9 September 2020 - This online event focused on how COVID-19 has affected retirement savings and insurance markets, and how regulators and policy makers may choose to approach relevant issues going forward.


Insurance sector responses to COVID-19 by governments, supervisors and industry  June 2020

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.


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.  


Initial assessment of insurance coverage and gaps for tackling COVID-19 impacts  April 2020

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.


Related links

OECD Covid-19 Impact hub

OECD work on Insurance



Get our latest updates and releases on @OECD_BizFin




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