Liquidity risks at Canadian life insurance companies

Patrick Aldridge, Stephane Gignac, Rishi Vala and Adrian Walton

No 2024-7, Staff Analytical Notes from Bank of Canada

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.

Keywords: Coronavirus disease (COVID-19); Financial institutions; Financial markets; Financial stability; Market structure and pricing (search for similar items in EconPapers)
JEL-codes: D47 D53 G12 G14 G23 (search for similar items in EconPapers)
Date: 2024-04
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