This special report assesses the impact of the crisis on the insurance sector and reviews policy responses within OECD countries. It is based to a large extent on a quantitative and qualitative questionnaire that was circulated to OECD countries in 2009. The report shows that generally the insurance sector demonstrated resilience to the crisis, though with some variation across the OECD, and concludes with a number of policy conclusions.Table of Content :Introduction Impact of the Financial Turmoil-Key balance sheet and investment indicators-Premiums-ClaimsCombined ratio -Profitability-Solvency-Impact of the crisis on credit insurance markets-Interpretation of statistical dataGovernmental and Supervisory Responses to the Crisis in the Insurance Sector-Liquidity and short-term financing arrangements and the special case of AIG-Capital levels and arrangements-Corporate governance, risk management, investments, and reporting and disclosure groups and financial conglomerates-Policy holder protection schemes, restructuring and insolvency regimes -Credit insurance marketsKey Policy and Regulatory Issues in the Insurance SectorKey Policy Conclusions from the CrisisAnnex A. Policy and Regulatory Responses to the Financial Crisis

The Impact of the Financial Crisis on the Insurance Sector and Policy Responses PDF

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