Knoema.com - Insurance business written abroad by branches http://knoema.es 0001-01-01T00:00:00Z /favicon.png Changes for Insurance business written abroad by branches Insurance business written abroad by branches //knoema.es/PT4_2017/insurance-business-written-abroad-by-branches 0001-01-01T00:00:00Z Alex Kulikov http://knoema.es/user/1847910
Insurance business written abroad by branches

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. Item coverage Covers business written abroad by branches, agencies and subsidiaries established abroad of domestic undertakings and includes all business written outside the country by these entities (in both OECD and non-OECD countries).

GUEST http://knoema.es/user/0