Insurance Initiative
About
The Chicago Fed Insurance Initiative is a source of expert research and policy analysis on the insurance industry. Established in 2011, the Initiative is motivated by the importance of the industry in the overall economy and the key role it plays for households and financial markets. The Initiative leverages deep knowledge of regulatory data and conversations with industry participants to produce timely insights into emerging risks and trends in the sector. As a center of excellence within the Federal Reserve System, the Insurance Initiative brings thought leadership to policymakers and data-driven insights to policy discussions.
Our Research
Life Insurance
The Initiative focuses on the role that life insurers play in financial markets and as providers of retirement solutions. Life insurers hold a unique position in credit markets as one of the largest investors in long-duration assets which back the retirement-income products they sell. We study the evolving nature of these investments and how insurers manage the risks that arise from their liabilities. We share what we learn through research and data products.
The regular data products we produce for life insurers include: interest rate sensitivities, industry annuity surrender rates, and private placement holdings.
Property and Casualty Insurance
The property and casualty sector acts as a conduit of risk mitigation for businesses, households, and financial markets and is essential to a healthy economy. Insurance helps businesses function and makes it possible for households to obtain loans. Our work focuses on how insurers transfer risk and the implications of changing insurance markets for households and businesses. We provide regular data updates on auto and homeowners insurance that offer timely and granular looks into changing market conditions
The regular data products we produce on property and casualty insurance include: national auto insurance rate changes, national homeowners insurance rate changes, and average homeowners insurance premiums by county.
