The Determinants of Private Debt Holdings: Evidence From the Life Insurance Industry

Steven W. Pottier

Journal of Risk & Insurance, 2007, vol. 74, issue 3, 591-612

Abstract: Life insurers hold the majority of private debt. Lenders in the private debt market must have the ability to evaluate the credit quality of borrowers and to perform ongoing risk monitoring. The purpose of this study is to examine the determinants of private debt holdings in the life insurance industry. The results suggest that larger insurers, insurers with higher financial quality, mutual insurers, publicly traded insurers, insurers facing stringent regulation, and insurers with greater cash holdings are more prevalent lenders in the private debt market.

Date: 2007
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https://doi.org/10.1111/j.1539-6975.2007.00226.x

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Persistent link: https://EconPapers.repec.org/RePEc:bla:jrinsu:v:74:y:2007:i:3:p:591-612

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