OECD: Insurance and Pensions

“The importance of insurance as a foundation of all economic activity was acknowledged from the inception of the OECD with the creation of an Insurance Committee at the very beginning of the 1960s.

“Since then, the scope of the Insurance Committee (renamed in 2005 ‘Insurance and Private Pensions Committtee’) has gradually widened, reflecting the expanding role of insurance in economic activity.

“Today, the Committee’s work focuses on the following priorities: liberalisation of insurance markets, private pensions, private health insurance, governance, financial education, mitigation and compensation of catastrophic and environmental risks, including terrorism risks, monitoring of insurance and reinsurance markets and their regulatory landscape, as well as insurance and financial issues, dissemination of statistical data and co-operation with non-member economies.

“In these areas, the Committee has strengthened its strategic role in the promotion of new practices, developing an entire range of new instruments extending from best practices to Decisions, depending on the subject matter and the needs at hand.

“This work is carried out in close collaboration with other OECD bodies as well as other international organisations, such as the World Bank, the International Monetary Fund (IMF), the International Association of Insurance Supervisors (IAIS) and the International Organisation of Pensions Supervisors (IOPS).”

See OECD, Insurance, About.

OECD’s research on Insurance and Pensions issues can be found here.