Newsletter
How liquid are U.S. life insurance liabilities?
Rosen, Richard J.; Mohey-Deen, Zain; Paulson, Anna L.; McMenamin, Robert (2012-09)
This article describes the liquidity of various life insurance products and provides a measure that can be used to characterize the liquidity of the liabilities of the industry as a whole or of a particular firm.
Chicago Fed Letter , Issue Sep

Newsletter
The Risks of Pricing New Insurance Products: The Case of Long-Term Care
Rosen, Richard J.; Mohey-Deen, Zain (2018)
This article examines what happens when incorrect assumptions are made in pricing new insurance products. The focus is on the mispricing of long-term care (LTC) insurance?which led to the insolvency of Penn Treaty.1
Chicago Fed Letter

Newsletter
Rules and Discretion in Life Insurance Regulation
Rosen, Richard J.; Mohey-Deen, Zain; Drexler, Alejandro (2017)
In this Chicago Fed Letter, we illustrate how regulators have used rule-based and principle-based approaches to set the minimum level of reserves and capital for insurers. We use examples to show the trend toward more principle-based regulation.
Chicago Fed Letter