What OECD Recommendation on Good Practices for Insurance Claim Management - Fair Settlement, Transparency and Anti-Fraud Standards requires
This OECD recommendation establishes non-binding principles for insurers and intermediaries in member countries to ensure fair, transparent, and timely settlement of insurance claims, and to effectively combat fraud. The core requirements, detailed in the Annex, cover good faith, transparency, communication, promptness, and the establishment of anti-fraud policies.
Pillar: Insurance & Risk · Authority: Organisation for Economic Co-operation and Development (OECD) · Version: 1.0.0 · Last updated:
Primary source: https://www.oecd.org/finance/insurance/oecdrecommendationongoodpracticesforinsuranceclaimmanagement.htm
SHA-256 integrity: dcd32737e81cc3d6c1b8e55bb6bddcae285a0156dbb3d12646db68b7f34d558f
Primary Citations — 7 traced to source
- OECD Recommendation on Good Practices for Insurance Claim Management, Annex, Good Practice 1: Good Faith and Fair Dealing
- OECD Recommendation on Good Practices for Insurance Claim Management, Annex, Good Practice 2: Transparency and Communication
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