Business Written in the Reporting Country
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The OECD's annual publication shows official insurance statistics for all OECD countries including data on premiums collected, claims, and commissions by type of insurance; investments by type of investment; and numbers of companies and employees. The data, which are standardised as far as possible, are broken down under numerous sub-headings, and a series of indicators makes the characteristics of the national markets more readily comprehensible.

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Bibliographic citation:
Organisation for Economic Co-operation and Development: Insurance Statistics. UK Data Service. https://doi.org/10.5257/oecd/insure/2018

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Click to expand Source Periodicity
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Yearly

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Annually

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Annual

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Start: 1983
End: 2017

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Where applicable, users can choose between national currency, USD or Euro (in millions).

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Cross-national; National
(OECD) and non-OECD countries

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As a consequence of the implementation of the new OECD Global Insurance Statistics' framework, there is a break in series between 2008 and 2009 regarding life and non-life business data where composite insurance undertakings exist. Up until 2008, the insurance business is broken down between life and non-life business. As of 2009, the insurance business is broken down between the business of pure life, pure non-life and composite undertakings and composite undertakings' business is further broken down between life and non-life business. Some countries do not allow for insurance undertakings to be active in both life and non-life insurance business and therefore composite insurance undertakings do not exist in these countries. In other countries (e.g., Austria, Belgium, Hungary, Italy, Mexico, Portugal, Spain) however, the share of employment in composite insurance undertakings accounts for more than half of the whole domestic insurance sector. Therefore, to have comparable data across years for life business data (resp. non-life), one has to sum up the life (resp. non-life) business of pure life (resp. non-life) undertakings and the life (resp. non-life) business of composite undertakings as of 2009.

In 2016, a new supervisory framework for insurance and reinsurance companies was implemented in the European Union (EU) and the European Economic Area (EEA). This framework includes harmonised reporting requirements across EU/EEA countries. These requirements led to changes in national data collection, which may hamper the data comparability with the ones collected before 2016 for some countries which only collect data with the Solvency II framework.

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Business written in the reporting country on a gross and net premium basis. It contains a breakdown between domestic companies, foreign-controlled companies and branches and agencies or foreign companies.

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Business Written in the Reporting CountryAbstract

The OECD's annual publication shows official insurance statistics for all OECD countries including data on premiums collected, claims, and commissions by type of insurance; investments by type of investment; and numbers of companies and employees. The data, which are standardised as far as possible, are broken down under numerous sub-headings, and a series of indicators makes the characteristics of the national markets more readily comprehensible.

Contact person/organisation

Get in touchhttp://ukdataservice.ac.uk/help/get-in-touch.aspxDirect source

Bibliographic citation:
Organisation for Economic Co-operation and Development: Insurance Statistics. UK Data Service. https://doi.org/10.5257/oecd/insure/2018

Source Periodicity

Yearly

Source metadata

OECD Insurance Statistics Publicationhttps://read.oecd-ilibrary.org/finance-and-investment/oecd-insurance-statistics-2018_g2g9fad8-en#page1Unit of measure used

Where applicable, users can choose between national currency, USD or Euro (in millions).

Periodicity

Annual

Reference period

Start: 1983
End: 2017

Link to Release calendar

Annually

Geographic coverage

Cross-national; National
(OECD) and non-OECD countries

Institutional coverage

As a consequence of the implementation of the new OECD Global Insurance Statistics' framework, there is a break in series between 2008 and 2009 regarding life and non-life business data where composite insurance undertakings exist. Up until 2008, the insurance business is broken down between life and non-life business. As of 2009, the insurance business is broken down between the business of pure life, pure non-life and composite undertakings and composite undertakings' business is further broken down between life and non-life business. Some countries do not allow for insurance undertakings to be active in both life and non-life insurance business and therefore composite insurance undertakings do not exist in these countries. In other countries (e.g., Austria, Belgium, Hungary, Italy, Mexico, Portugal, Spain) however, the share of employment in composite insurance undertakings accounts for more than half of the whole domestic insurance sector. Therefore, to have comparable data across years for life business data (resp. non-life), one has to sum up the life (resp. non-life) business of pure life (resp. non-life) undertakings and the life (resp. non-life) business of composite undertakings as of 2009.

In 2016, a new supervisory framework for insurance and reinsurance companies was implemented in the European Union (EU) and the European Economic Area (EEA). This framework includes harmonised reporting requirements across EU/EEA countries. These requirements led to changes in national data collection, which may hamper the data comparability with the ones collected before 2016 for some countries which only collect data with the Solvency II framework.

Item coverage

Business written in the reporting country on a gross and net premium basis. It contains a breakdown between domestic companies, foreign-controlled companies and branches and agencies or foreign companies.

Other comments

Copyright:
Organisation for Economic Co-operation and Development

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