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Technology and innovation in the insurance sector

“Insurtech”is the term being used to describe the new technologies with the potential to bring innovation to the insurance sector and impact the regulatory practices of insurance markets. This report catalogues these technologies and examines how InsurTech is being funded and how insurers are engaging with the start-ups entering the market.




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Population ageing and rising inequality will hit younger generations hard

Younger generations will face greater risks of inequality in old age than current retirees and for generations born since the 1960s, their experience of old age will change dramatically.




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2017 OECD/IOPS Global Forum on Private Pensions

24-25 October 2017, Mauritius - The 2017 global forum explored current trends in global private pension systems and the ways in which pension regulatory and supervisory authorities are managing and reacting to those trends.




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Robo-Advice for Pensions

Riding the wave of technological innovation in finance, the robo-advice model has emerged as one potential solution for helping individuals manage their pensions and invest savings for retirement. This report provides an overview of the types of robo-advisors that are now available and discusses the potential benefits, risks and challenges of such platforms.




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Technology and Pensions

Innovative applications of technology for financial services, or FinTech, are already being used to improve communication with consumers and their engagement with their pension plans. This report provides an overview of how technology is being used to improve pension design and delivery and how regulators are managing these changes.




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Pensions reforms have slowed in OECD countries but need to continue

Further reforms are needed across OECD countries to mitigate the impact of population ageing, increasing inequality among the elderly and the changing nature of work, according to a new OECD report. Pensions at a Glance 2017 says that public spending on pensions for the OECD as a whole has risen by about 1.5% of GDP since 2000. However, the projected pace of spending growth has slowed substantially.




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8th Annual OECD High-level Breakfast on Institutional Investors and the Low-carbon Transition

11 December 2017, OECD Paris - The 8th annual OECD high-level breakfast event brings together leading investors and senior government officials for informal, focused dialogue, to examine key developments and identify solutions to enable achievement of NDCs and the two-degree commitment.




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International Seminar on Pension Supervision and Regulation 2018

23 February 2018, Dublin - This event focussed on how to build better retirement by ensuring value for money, implementing automatic enrolment and designing retirement pay-outs.




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Latvia should raise basic pension to reduce pensioner poverty

Latvia should strengthen old-age safety nets and raise the basic state pension in order to reduce pensioner poverty, especially among women, and address the challenge of a fast declining population, according to a new OECD report.




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Financial markets, insurance and pensions: Digitalisation and Finance

This publication compiles a series of articles that focus on the impact of digitalisation and technology in the areas of financial markets, insurance, and private pensions. It also discusses the tools and policies needed to ensure that the challenges posed by digitalisation result in better outcomes and better management of the risks involved.




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The Application of Behavioural Insights to Financial Literacy and Investor Education Programmes and Initiatives

Behavioural insights have the potential to enhance the effectiveness of financial literacy and investor education initiatives. This IOSCO/OECD report explores the extent to which they are being used, reviews the available literature and presents various approaches for policy makers and practitioners to consider when seeking to change financial behaviour.




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2018 OECD/IOPS Global Forum on Private Pensions

25-26 October 2018, Beijing, China - The 2018 Global Forum was entitled “Designing pension systems to cope with the ageing challenge” and was jointly organised by the OECD, the International Organisation of Pension Supervisors (IOPS) and the China Banking and Insurance Regulatory Commission (CBIRC), China.




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2018 OECD Workshop on Data Collection for Sustainable Infrastructure – Infrastructure Data Initiative

15 November 2018, Paris - This Workshop will bring together academics, public stakeholders and industry experts to discuss using blockchain technology to unlock data for AI and financial sustainability and quality benchmarks




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Conference on the Role of Financial Education and Consumer Protection in Supporting Financial Inclusion in Southeast Asia

26-27 November 2018, Vientiane, Lao People's Democratic Republic. The conference will provide a forum to discuss best practices on developing financial education and consumer protection in supporting financial inclusion in Lao P.D.R and other Southeast Asian countries.




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Improvements to pension systems have made them better placed to deliver pensions

Improvements in the design of pension systems over the last decade in OECD countries have made them more financially sustainable and governments should now focus on ensuring they provide people with an adequate retirement income, according to a new OECD report.




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Launch of the OECD Pensions Outlook 2018

3 December 2018 - Every two years, the OECD Pensions Outlook provides an analysis of the main policy issues affecting pensions in OECD countries and assesses trends in retirement income systems. It discusses policy initiatives for strengthening pension systems, funded private pension systems in particular.




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The Contribution of Reinsurance Markets to Managing Catastrophe Risk

This report makes use of a unique set of data on premiums and claims provided by global reinsurance companies to examine the contribution that reinsurance has made to enhancing the capacity of the primary insurance market to manage catastrophe risk and to reducing the economic and insurance market disruption that often follows catastrophic events.




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OECD Insurance and Private Pensions Committee Elects New Chair

07/03/2019 - The OECD Insurance and Private Pensions Committee (IPPC) has confirmed the appointment of Mr Yoshihiro Kawai, Advisor to the Commissioner, Japan Financial Services Agency, as its Chair.




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IOPS International Conference on Pension Supervision and Regulation 2019

7 March 2019 - The International Conference on Pension Supervision and Regulation this year will focus on Options for creating sustainable pension systems in emerging markets and will take place in New Delhi, India.




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Portugal’s pension system needs to prepare for rapid population ageing

Portugal needs to reform its pensions system to address the challenges of a fast-shrinking workforce and high levels of old-age inequality, according to a new OECD report.




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Pension Funds in Figures 2019

31/05/2019 - Preliminary data for 2018 show that assets in pension funds amounted to USD 27.6 trillion in the OECD area, close to 4% lower than in 2017. Calculated in national currencies, pension fund assets declined in 12 out of 34 reporting OECD countries, including some of the largest pension markets: Japan (-1.1%), the Netherlands (-1.2%), Switzerland (-0.7%), the United Kingdom (-0.3%) and the United States (-5.0%).




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Reforming the Pension System in Turkey 2019

This paper studies the case of Turkey and suggests several tools to promote retirement planning. Section I provides a review of the traditional and behavioural policy instruments designed to promote retirement savings, along with a discussion on their effectiveness.




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Will future pensioners work for longer and retire on less? (Policy Brief)

This policy brief analyses the impact of reforms in recent decades on pension systems, including comparisons of the pensions people starting work today can expect compared to the pensions of people who retired recently.




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Annual Survey of Investment Regulation of Pension Funds

Each year, the OECD publishes a survey of the investment regulation of pension funds which describes the main quantitative investment regulations applied to pension funds in 77 economies. The survey questionnaire covers all types of pension plans financed via pension funds.




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OECD review of pension systems in Peru

This review assesses Peru’s pension system in its entirety, looking at both public and private, pay-as-you-go (PAYG) financed and funded pension provisions. The review then provides policy options to help tackle old-age poverty; establish a solid framework for the contributory pension system to meet its objectives.




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Pension Markets in Focus

Pension assets have been growing over the last decade, reaching USD 44.1 trillion worldwide at the end of 2018, despite a decline relative to end-2017. This trend is attributable to positive real net returns over the long term, and to increased contributions paid as more people are being covered by a pension plan in a number of countries, especially in those with recent mandatory or auto-enrolment programmes.




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Countries should strengthen pension systems to adapt to changing world of work

Governments should urgently reform their pension systems to ensure that the growing share of workers in temporary or part-time employment can contribute enough during their working lives to receive an adequate income in retirement, according to a new OECD report.




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Annual Survey of Large Pension Funds and Public Pension Reserve Funds

This annual survey monitors and compares the investment behaviour, asset levels, and performances of the largest institutional investors in each region or country covered and analyses in greater depth the general trends observed at a national level.




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Pension Policy Notes and Reviews

The Pension Policy Notes summarise the main features of countries’ pension systems and the policy challenges each of them faces and the Pension Policy Reviews provide an in-depth analysis of the different components of countries’ pension systems.




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Estonia - Country Health Profiles 2019: Launch presentation

Estonia - Country Health Profiles 2019: Launch presentation. The Country Health Profiles provide a concise and policy-relevant overview of health and health systems in the EU/European Economic area, emphasizing the particular characteristics and challenges in each country against a backdrop of cross-country comparisons.




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Interview with Georges Lemaître, OECD international migration expert, on recent migration trends in the European Union.

Interview with Georges Lemaître, OECD international migration expert, on recent migration trends in the European Union.




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Entrepreneurship and Employment Creation of Immigrants

Greater knowledge of migrant entrepreneurship is essential if policy makers are to better support migrant enterprises and their role in economic growth and job creation.




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Professional mobility and migrants integration

A. Gurría said that attracting enough high-skilled candidates for some countries may require introducing elements of supply, as well as demand-driven migration in their immigration regimes.




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Economy: Migration falls again but will pick up with recovery, says OECD

International migration fell in 2009, reflecting lower demand for workers in OECD countries for the second consecutive year after a decade of growth, according to a new OECD report.




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Database on immigrants in OECD and non-OECD countries (DIOC-E)

The OECD and the World Bank have joined their efforts in a project aimed at extending the coverage of the Database on Immigrants in OECD Countries to non-OECD destination countries for the year 2000.




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OECD Review on the Labour Market Integration of Immigrants and their Children in Austria

Austria has a higher share of immigrants in the total working-age population than many other OECD countries. At the same time, the framework for integration policy is less developed than in a number of other OECD countries. These are among the main findings of this review.




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OECD-Survey: Labour Migration rarely used by German employers

OECD-Survey: Labour Migration rarely used by German employers




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Swedish labour migration reform working well but needs more monitoring, says OECD

Sweden’s 2008 reform of its labour migration policy, now one of the most open in the OECD, has helped businesses hire foreign workers quickly and cheaply, without hurting conditions for local workers, according to a new OECD report.




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Migration: integration of migrants in Switzerland successful, but stronger focus on vulnerable groups needed

Labour market integration of immigrants in Switzerland is generally successful: three quarters of immigrants in Switzerland are in employment – more than in any other OECD country




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Jobs for immigrants (Vol.3): Labour market integration in Austria, Norway and Switzerland

This publication reviews the labour market integration of immigrants and their children in three OECD countries (Austria, Norway and Switzerland) and provides country-specific recommendations. It also includes a summary chapter highlighting common challenges and policy responses. It is the third and last in a series which has covered eleven OECD countries.




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Migration and the crisis

Why do people migrate? Mainly for a job and the hope of a better life for themselves and their children. But how do immigrants fare during a time of crisis?




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Progress made on immigrant integration but more efforts needed on education and jobs, finds OECD

OECD countries have made much progress over the past decade in helping immigrants integrate in society. But much remains to be done, notably in improving how well immigrant children do at school and in finding work, and in immigrant women’s access to employment, according to a new OECD report.




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International Migration Day, Tuesday 18 December

International Migration Day, Tuesday 18 December




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Second report of the Continuous Reporting System on International Migration in the Americas

The second report of the Continuous Reporting System on International Migration in the Americas was launched at the OAS, Washington on January 17 2013




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Labour migration: Germany is open to graduates but immigration is difficult for medium-skilled workers

Germany is one of the OECD countries with the lowest barriers to immigration for high-skilled workers. However, long-term labour migration is low in comparison with other countries.




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Mobilising migrants’ skills for development in the MENA region, Tunis 13-14 May 2013

What is the extent and impact of the international mobility of skills? What can ensure that highly educated youth are used to their full potential and contribute to development by staying in their country or migrating? How to improve the matching between supply and demand for skills between potential (return) migrants and employers in destination and origin countries and in particular in sectors such as health and education?




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OECD work on Employment, Social Protection and International Migration

An overview of OECD work on Employment, Social Protection and International Migration.




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Migration picking up but rising unemployment hurting immigrants

Migration has started to pick up again, driven largely by people moving within the European Union, after three years of continuous decline during the crisis. But the employment prospects for immigrants have worsened, with around one in two unemployed immigrants in Europe still looking for work after more than 12 months, according to a new OECD report.




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Migration and the welfare state in times of crisis

International migration flows are essential for the effective functioning of our economies. Even in times of crisis and fiscal constraint, a holistic approach is required to fully reap its full benefits, said Angel Gurría, OECD Secretary-General.




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OECD contribution to the UN High-level Dialogue on Migration & Development: World Migration in Figures

A joint contribution by UN-DESA and the OECD to the United Nations High-Level Dialogue on Migration and Development, 3-4 October 2013