Original source: https://www.thinkadvisor.com/2019/08/06/u-s-life-insurers-add-44-billion-to-mortgage-investments/
Our intent is to search the internet nonstop to reach out to you to understand to the need of keeping a Public Adjuster on your side. Read this article we ran across.
ThinkAdvisor (08/06/19) Bell, Allison
U.S. life insurers still have almost three-quarters of their resources parked in bonds, but the value of their mortgage holdings is growing at a quicker pace, said the National Association of Insurance Commissioners’ Capital Markets Bureau in 2 new insurance company investment reports based on insurers’ 2018 financial announcements. U.S. life insurers finished last year with $4.2 trillion in cash and invested funds , up 1.3% by the end of 2017. Life insurers’ bond holdings increased by $17 billion, or only 0.6%, to $1 trillion. Meanwhile, the worth of life insurance’ mortgage investments soared 9.3% to $522 billion. The growth equates to $44 billion, or the equivalent of approximately 170,000 new home mortgage loans. In accordance with NAIC Capital Markets Specialist Michele Wong, the prolonged low interest rate environment continues to push U.S. insurance into assets besides corporate bonds. “Although these asset classes generally provide higher yields than people corporate bonds, they’re typically less liquid, and consuming less transparency, and also are subject to higher price volatility,” she wrote…. Read More
Thanks for reading! And please contact us if you need assistance when dealing with your insurance broker. NO claim, NO fee!
Original source: https://www.thinkadvisor.com/2019/08/06/u-s-life-insurers-add-44-billion-to-mortgage-investments/
Our intent is to search the internet nonstop to reach out to you to understand to the need of keeping a Public Adjuster on your side. Read this article we ran across.
ThinkAdvisor (08/06/19) Bell, Allison
U.S. life insurers still have almost three-quarters of their resources parked in bonds, but the value of their mortgage holdings is growing at a quicker pace, said the National Association of Insurance Commissioners’ Capital Markets Bureau in 2 new insurance company investment reports based on insurers’ 2018 financial announcements. U.S. life insurers finished last year with $4.2 trillion in cash and invested funds , up 1.3% by the end of 2017. Life insurers’ bond holdings increased by $17 billion, or only 0.6%, to $1 trillion. Meanwhile, the worth of life insurance’ mortgage investments soared 9.3% to $522 billion. The growth equates to $44 billion, or the equivalent of approximately 170,000 new home mortgage loans. In accordance with NAIC Capital Markets Specialist Michele Wong, the prolonged low interest rate environment continues to push U.S. insurance into assets besides corporate bonds. “Although these asset classes generally provide higher yields than people corporate bonds, they’re typically less liquid, and consuming less transparency, and also are subject to higher price volatility,” she wrote…. Read More
Thanks for reading! And please contact us if you need assistance when dealing with your insurance broker. NO claim, NO fee!