Could insurance provide an alternative to fiscal support in crisis response?:
The COVID-19 pandemic led to significant economic disruptions and revenue losses for business impacted by workplace closure measures aimed at restraining the spread of the virus. Governments provided extensive monetary and fiscal support to address liquidity risks and mitigate the potential for mass...
Gespeichert in:
| 1. Verfasser: | |
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
2022
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| Schriftenreihe: | OECD Working Papers on Fiscal Federalism
no.40 |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | The COVID-19 pandemic led to significant economic disruptions and revenue losses for business impacted by workplace closure measures aimed at restraining the spread of the virus. Governments provided extensive monetary and fiscal support to address liquidity risks and mitigate the potential for mass insolvencies as few businesses had applicable insurance coverage for these types of losses. This paper examines the fiscal and insurance sector responses to the economic disruptions resulting from COVID-19 workplace closures, the challenges to the availability of insurance coverage for this risk and some of the challenges and risks related to large-scale fiscal support for businesses. It also includes a discussion of the potential contribution of a loss-sharing arrangement between governments and insurance markets for pandemic-related business interruption losses as a means of enhancing the contribution of insurance markets to providing financial protection in the context of future pandemics. |
| Beschreibung: | 1 Online-Ressource (60 p.) 21 x 28cm. |
| DOI: | 10.1787/4b3dd441-en |
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| spelling | Wolfrom, Leigh VerfasserIn aut Could insurance provide an alternative to fiscal support in crisis response? Leigh, Wolfrom Paris OECD Publishing 2022 1 Online-Ressource (60 p.) 21 x 28cm. Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier OECD Working Papers on Fiscal Federalism no.40 The COVID-19 pandemic led to significant economic disruptions and revenue losses for business impacted by workplace closure measures aimed at restraining the spread of the virus. Governments provided extensive monetary and fiscal support to address liquidity risks and mitigate the potential for mass insolvencies as few businesses had applicable insurance coverage for these types of losses. This paper examines the fiscal and insurance sector responses to the economic disruptions resulting from COVID-19 workplace closures, the challenges to the availability of insurance coverage for this risk and some of the challenges and risks related to large-scale fiscal support for businesses. It also includes a discussion of the potential contribution of a loss-sharing arrangement between governments and insurance markets for pandemic-related business interruption losses as a means of enhancing the contribution of insurance markets to providing financial protection in the context of future pandemics. Finance and Investment Governance Urban, Rural and Regional Development Taxation Economics FWS01 ZDB-13-SOC FWS_PDA_SOC https://doi.org/10.1787/4b3dd441-en Volltext |
| spellingShingle | Wolfrom, Leigh Could insurance provide an alternative to fiscal support in crisis response? Finance and Investment Governance Urban, Rural and Regional Development Taxation Economics |
| title | Could insurance provide an alternative to fiscal support in crisis response? |
| title_auth | Could insurance provide an alternative to fiscal support in crisis response? |
| title_exact_search | Could insurance provide an alternative to fiscal support in crisis response? |
| title_full | Could insurance provide an alternative to fiscal support in crisis response? Leigh, Wolfrom |
| title_fullStr | Could insurance provide an alternative to fiscal support in crisis response? Leigh, Wolfrom |
| title_full_unstemmed | Could insurance provide an alternative to fiscal support in crisis response? Leigh, Wolfrom |
| title_short | Could insurance provide an alternative to fiscal support in crisis response? |
| title_sort | could insurance provide an alternative to fiscal support in crisis response |
| topic | Finance and Investment Governance Urban, Rural and Regional Development Taxation Economics |
| topic_facet | Finance and Investment Governance Urban, Rural and Regional Development Taxation Economics |
| url | https://doi.org/10.1787/4b3dd441-en |
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