Discussion Paper

Life Insurers’ Role in the Intermediation Chain of Public and Private Credit to Risky Firms


Abstract: This note quantifies life insurers' role in the intermediation of public and private credit to risky firms. Since the 2007-09 financial crisis, the share of life insurers' general account assets exposed to below-investment-grade ('risky') corporate debt has roughly doubled.

https://doi.org/10.17016/2380-7172.3691

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Provider: Board of Governors of the Federal Reserve System (U.S.)

Part of Series: FEDS Notes

Publication Date: 2025-03-21

Number: 2025-03-21-1