《insurance market trend 2016》.pdf

Global Insurance Market Trends November 2011 OECD Insurance and Private Pensions Committee The importance of insurance as a foundation for economic activity was acknowledged at the inception of the OECD with the creation of the Insurance Committee in 1961. The scope of activities of the Insurance Committee has gradually widened, and now covers the topic of private pensions, reflecting the importance of private pension systems in OECD countries (the Committee was accordingly renamed the Insurance and Private Pensions Committee in 2005). Today, the Committees work focuses on: promoting insurance market monitoring; collecting and disseminating insurance statistics; improving risk awareness, financial education, and consumer protection; strengthening private pension systems to help them address the challenges of an ageing population; improving financial regulation and governance; and addressing the mitigation and compensation of catastrophic risks. The Committee engages in a range of co-operation activities with non-member economies. 3 Foreword The OECD has been collecting insurance statistics for over fifteen years, with data on the insurance sector dating back to the early 1980s. In response to the financial crisis, a Global Insurance Statistics (GIS) project was launched as part of the OECD’s insurance market monitoring activities. The main objectives were to expand the scope of the OECD’s statistical framework for insurance and extend its global reach, with a view to enhancin