In an era of increasing reliance on digital technologies – and the increasing exposure to cyber risks that accompanies that reliance – insurance for cyber risks can make an important contribution to providing financial protection and helping policyholders prevent and respond to cyber incidents.
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Enhancing the Availability of Data for Cyber Insurance Underwriting
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This report examines how OECD and non-OECD countries are regulating and supervising insurance intermediation, focussing on market conduct rules as well as rules related to digitalisation of intermediation. It considers areas which require further investigation to address potential conflicts of interest.
While much benefit can be expected from big data and AI, there are also a number of risks that require policy considerations. General guidance or regulation related to the use of big data and application of AI could eventually be developed by governments, and the insurance sector should be prepared to incorporate them in their specific context.
English, PDF, 1,171kb
27 June 2019 - Preliminary data for 2018 show an increase in gross premiums of domestic insurance companies in most countries, especially in the non-life sector.
07/03/2019 - The OECD Insurance and Private Pensions Committee (IPPC) has confirmed the appointment of Mr Yoshihiro Kawai, Advisor to the Commissioner, Japan Financial Services Agency, as its Chair.
4-5 March 2019 Naypyidaw, Myanmar - This event will bring together high-level government officials and experts from public authorities, standard setter bodies, the academic community, the private sector as well as NGOs to discuss policy issues relevant to the sound development of insurance and private pensions markets.
These reports describe the main features of the financial, and insurance and private pensions markets of countries that have been reviewed by the OECD.
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This review of Cost Rica by the OECD's Insurance and Private Pensions Committee and Working Party on Governmental Experts on Insurance examines Costa Rica's position with respect to core principles related to insurance systems.
This report makes use of a unique set of data on premiums and claims provided by global reinsurance companies to examine the contribution that reinsurance has made to enhancing the capacity of the primary insurance market to manage catastrophe risk and to reducing the economic and insurance market disruption that often follows catastrophic events.