Insurance Part 6
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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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Outstanding investment by direct insurance companies, classified by investment category, by the companies' nationality and by its destination (domestic or foreign).
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From 2009 to 2015 for most countries, investment data exclude assets linked to unit-linked products sold to policyholders. The OECD modified its statistical exercise in 2017 to capture the investment allocation of insurance companies in more detail from 2016 onwards, introducing new categories (e.g. structured products, hedge funds). Assets linked to unit-linked products have also been reintroduced. The asset allocation collected in this new framework is therefore not completely comparable with the data collected in the previous framework.
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Users can choose between national currency, USD or Euro (in millions).
Insurance Part 6Contact person/organisation
Daf.Contact@oecd.org
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
Outstanding investment by direct insurance companies, classified by investment category, by the companies' nationality and by its destination (domestic or foreign).
Product coverage
From 2009 to 2015 for most countries, investment data exclude assets linked to unit-linked products sold to policyholders. The OECD modified its statistical exercise in 2017 to capture the investment allocation of insurance companies in more detail from 2016 onwards, introducing new categories (e.g. structured products, hedge funds). Assets linked to unit-linked products have also been reintroduced. The asset allocation collected in this new framework is therefore not completely comparable with the data collected in the previous framework.
Key statistical concept
Users can choose between national currency, USD or Euro (in millions).