February 23, 2018
In the context of the Conference on unleashing the potential of the cyber insurance market, the OECD has released the 2017 edition of the periodic Global Insurance Market Trends report, together with the accompanying statistics. According to the OECD announcement:
This monitoring report is compiled using data from the OECD Global Insurance Statistics (GIS) database. The geographical reach of the GIS database is constantly expanding and now covers 62 countries. In addition to OECD countries, this includes: a number of non-OECD Latin American countries, achieved through cooperation with the Association of Latin American Insurance Supervisors (ASSAL); several non-OECD countries in Asia; as well as Lithuania, South Africa and, for the first time, Tunisia.
This monitoring report and the GIS database provide an increasingly valuable cross-country source of data and information on insurance sector developments for use by governmental and supervisory authorities, central banks, the insurance sector and broader financial industry, consumers and the research community.
Other relevant documents include the the report provided to G7 Finance Ministers and Central Bank Governors, and the OECD report Enhancing the role of insurance in cyber risk management.
The CSISAC welcomes the release of these informative reports, and encourages the OECD to continue improving the involvement of Civil Society participants in the analysis and policy-making process on the digital economy.