The database has given much more transparency around the cost of settling claims, and the impact this has on insurance costs. We will continue to enhance that product and meet the needs of stakeholders in the insurance market including current – and potential – market participants, policymakers and the public.
In his book “The Next Convergence” Michael Spence, the respected growth theorist, has shown that countries which have sustained growth rates of around 7 per cent or more for 25 years generally have government and public sector investment ratios of between 5 and 7 per cent of GDP, and total investment rates of at least 25 per cent of GDP.