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Liquidity risks at Canadian life insurance companies

Author

Listed:
  • Patrick Aldridge
  • Stephane Gignac
  • Rishi Vala
  • Adrian Walton

Abstract

We examine how life insurers manage liquidity risks created by their business model. We find that Canadian life insurers did not face significant liquidity draws and continued their usual investment behaviour during the COVID-19 crisis and as interest rates increased in 2022.

Suggested Citation

  • Patrick Aldridge & Stephane Gignac & Rishi Vala & Adrian Walton, 2024. "Liquidity risks at Canadian life insurance companies," Staff Analytical Notes 2024-7, Bank of Canada.
    • Handle: RePEc:bca:bocsan:24-7
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    File URL: https://www.bankofcanada.ca/2024/04/staff-analytical-note-2024-7/
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    More about this item

    Keywords

    Coronavirus disease (COVID-19); Financial institutions; Financial markets; Financial stability; Market structure and pricing;
    All these keywords.

    JEL classification:

    • G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates
    • G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies; Insider Trading
    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • D47 - Microeconomics - - Market Structure, Pricing, and Design - - - Market Design
    • D53 - Microeconomics - - General Equilibrium and Disequilibrium - - - Financial Markets

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