OECD Working Papers on Finance, Insurance and Private Pensions

ISSN :
2079-7117 (en ligne)
DOI :
10.1787/20797117
Cacher / Voir l'abstract
Selected studies on finance, insurance and private pensions policy prepared for dissemination in order to stimulate wider discussion and further analysis and obtain feedback from interested audiences. The studies provide timely analysis and background on industry developments, structural issues, and public policy in the financial sector. Topics include risk management, governance, investments, benefit protection, and financial education. Previous papers addressing these policy issues are available via http://dx.doi.org/10.1787/19936397.
 

Policyholder Protection Schemes

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Auteur(s):
OCDE
Date de publication
10 mai 2013
Bibliographic information
N°:
31
Pages
64
DOI
10.1787/5k46l8sz94g0-en

Cacher / Voir l'abstract

This paper investigates policyholder protection schemes in OECD member countries and selected non-OECD countries. It is selective in its scope: it examines the rationale for a policyholder protection scheme; the relationship between certain design features and moral hazard; the role of a policyholder protection scheme within the overall resolution framework; and some cross-border features of these schemes. While the paper focuses on protection schemes for policyholders, it seeks to draw lessons from compensation schemes in the banking and occupational pension fund sectors, while recognising sectoral differences.
Mots-clés:
moral hazard, insurer insolvency, resolution, cross-border resolution, insurance sector, insurance guarantee, policyholder protection
Classification JEL:
  • D02: Microeconomics / General / Institutions: Design, Formation, and Operations
  • F36: International Economics / International Finance / Financial Aspects of Economic Integration
  • F42: International Economics / Macroeconomic Aspects of International Trade and Finance / International Policy Coordination and Transmission
  • G22: Financial Economics / Financial Institutions and Services / Insurance; Insurance Companies
  • G28: Financial Economics / Financial Institutions and Services / Government Policy and Regulation
  • H12: Public Economics / Structure and Scope of Government / Crisis Management