Int'l Organization Members to Share Reinsurer Data

Organization for Economic Cooperation and Development (OECD) governments are to make a concerted effort to improve transparency and protect integrity in the insurance market by exchanging information on matters relating to the activities and solvency of reinsurers. Under a newly published decision, regulatory and supervisory authorities in all 30 OECD countries will exchange information deemed relevant for prudential reasons. Moreover, a specially created network hosted on the OECD website will allow for information exchange exclusively related to: - fraud related to the conduct of reinsur...