Evolution of Risks and Households’ Needs for Insurance Protection
Increase in Perceived and Real Risks
Rising hazards and disasters is probably the most tangible level of increased risk. For several years, some OECD countries are facing a resurgence of risk, whose extent and frequency would be difficult to imagine. This is in advance how modern terrorism, especially after the September 11, 2001, and repeated large-scale natural disasters and catastrophic consequences. Terms such as risk-society or fear-society is used increasingly in human acute perceptual experience of increasing its exposure to major risks, both new and traditional individual risks such as age, reflected the disease, loss income and other economic and financial risks.
The range of conventional and great risks appears to have increased their frequency has increased. Among the risks associated with natural and industrial disasters, the uncertain effects of climate change, terrorism and the potential of new technologies (such as the spread of the Internet and information technology and multimedia company), health hazards, such as asbestos-related, obesity, and new pandemics such as AIDS and avian influenza and the risks associated with the impact of demographic change and the consequent increase in life expectancy.
Increased Demand and Need for Risk Coverage Insurance
Over the last decade or so, the growth in emerging high-risks are accompanied by a reduction of state subsidies for the effects of traditional and individual risks in areas such as aging, health and income replacement 3 in most OECD countries. At the same time, employers in many OECD countries, particularly large firms, also reduces the coverage of certain risks related to the reduction of social programs and increased use of non-traditional or non-standard work contract. Temporary and part-time and contract hire temporary workers and independent contractors, up sharply in most OECD countries, and are not necessarily the same level of social group or to provide insurance protection and d (mainly) for pensions, health and wellbeing.
Greater Household Responsibility for Overall Risk and Choice of Coverage
The fact that the consumer is to make the contract more debt in this acquisition, the risk of loss or lack of income due to accident or disability has increased.
The overall increase in a number of different risks that the legislative framework to reduce public funding of private and social risks that are potentially in most OECD countries, strengthening the role of public security and full solidarity and action.
The scope and details of this role in may deviate to cover the special specification, particularly the extent of government intervention for different types and levels of risk. In some countries, governments have more to say at least partial coverage of certain types of major risks. Some offer more generous coverage of basic social protection risks, such as health, retirement and unemployment insurance, supplementary private insurance only. In general, however, the range of risks covered by the expansion of private insurance and now various aspects of people’s lives to varying degrees.