This volume is the fourth of a series devoted to major policy issues in insurance. It comprises an in-depth analysis on the assessment and the management of the major technical and financial risks insurance companies have to face. It responds to the growing concerns of economic, financial,...

Insurance data include: all gross insurance premiums and those relating only to direct insurance; spending on insurance per capita; and the market share of national insurance by country, relative to the OECD market total.

Insurance spending is defined as the ratio of direct gross premiums to GDP, which represents the relative importance of the insurance industry in the domestic economy. This indicator is expressed as a percentage of GDP.

The OECD has produced a unique glossary of insurance policy terms which covers selected topics ranging from insurance policy regulation/supervision to general trade issues. It includes technical terms related to issues such as claims, premiums and provisions with specific references to...

Pension funds and annuity providers need to effectively manage the longevity risk they are exposed to. Individuals receiving a lifetime income may live longer than expected or accounted for in the actuarial calculations to provision for these liabilities. Mismanaged longevity risk can...

The financial management of catastrophe risks presents an important public policy challenge for governments across the world. Climate change, the increasing reliance on digital technologies and socioeconomic trends such as globalisation and urbanisation are affecting the frequency and severity...