OFR - Office of Financial Research

  • OFR - Study on Asset Management Issues
    • 2013 - OFR - Asset Management and Financial Stability Report - 34p
    • Comments on OFR Study on Asset Management Issues - SEC - [link]
  • OFR - Study on the Insurance Sector Recommendation
    • 2014 0225 - Recommendation: The Office of Financial Research (OFR) should conduct a detailed study to determine whether and where systemic risk issues may arise in the insurance industry and how such risks are currently handled in the regulatory framework. - [link]
    • OFR Study on the Insurance Sector Recommendation - 3p

    • 2014 0902 - Letter - GOV (House) to DOTT (Lew) - re: Insurance Sector Study - 4p

    • (FRAC) - Financial Research Advisory Committee
    • 2016 0317 - OFR - Mind the Gaps: What Do New Disclosures Tell Us About Life Insurers' Use of Off-Balance-Sheet Captives?, by Jill Cetina, Arthur Fliegelman, Jonathan Glicoes, and Ruth Leung - 10p
  • 2012 0105 - OFR - A Survey of Systemic Risk Analytics - 165p
  • 2013 09 - OFR - Asset Management and Financial Stability - 34p
  • 2014 - OFR - OFR Annual Report to Congress - 164p
  • 2015 - OFR - Reference Guide to U.S. Repo Securities and Securities Lending Markets - 70p
  • 2015 - OFR - Financial Stability Report - 144p
    • (p7) - The chapter discusses progress and pitfalls in subjecting systemically important banks and insurance companies to heightened supervision and prudential standards. 
  • 2021 0712 - OFR - Counterparty Choice, Bank Interconnectedness, and Systemic Risk, by Andrew Ellul and Dasol Kim - 77p
  • 2022 0922 - OFR - Counterparty Choice, Bank Interconnectedness, and Systemic Risk, by Andrew Ellul and Dasol Kim - 70p
  • 2022 0721 - OFR - Rising Interest Rates Help Insurers, but Market Volatility Poses Risk to Some - [link]
  • 2017 - SOA - Reviewing Systemic Risk within the Insurance Industry, Society of Actuaries - 32p
  • (p41) - Use of captives has grown rapidly since 2000, when the National Association of Insurance Commissioners (NAIC) passed its Valuation of Life Insurance Policies Regulation.
    • The regulation, which most states have adopted, requires insurers to hold higher reserves on newly issued term and universal life insurance.
    • Reserves ceded through captive reinsurance grew from $11 billion in 2002 to $364 billion in 2012 and now have expanded to include risk-sharing on products such as annuities that are not covered by the regulation.

2014 - OFR - OFR Annual Report - 164p

  • 2012 0105 - OFR - A Survey of Systemic Risk Analytics - 165p
    • (p18-19) - Relatively few of the studies in our sample deal directly with pension funds or insurance companies, despite the fact that the recent crisis actively involved these institutions. An exception is Billio, Getmansky, Lo, and Pelizzon (2010), who include insurance as one of four industry sectors in a latent factor model used to identify patterns of risk concentration and causation.
    • An insurance company subsidiary, AIG Financial Products, played a prominent role in the recent crisis as a seller of credit protection on subprime mortgage securitizations, and pension funds were among the buyers of the same.14
      • The lack of easily accessible data in these industries is a significant factor: pension-fund and insurance-company portfolio holdings are not widely available, unlike equity and bond market benchmark indexes that would broadly track their performance.
      • Sapra (2008) considers issues arising from historical and mark-to-market accounting for both insurance companies and banks.

Site Search Results for "Life Insurance" - 5/30/2020