 From insurance to investments: financialisation and the supply side of life insurance and annuities in the USA (1970–2006)Peter Wissoker Cambridge Journal of Regions, Economy and Society, 2013, vol. 6, issue 3, 401-418 Abstract: The paper describes the supply side of the annuity products and hybrid investment/life insurance policies that were developed and sold by US life insurers from the 1970s onward, including some of the investments that financed them, including commercial mortgages and commercial mortgage-backed securities. Links to different understandings of financialisation are made, as is an argument for embracing the multiple meanings of the term. This approach enables researchers to understand how different forms of financialisation are linked. In the case of life insurers, it shows how their corporate strategy shifted out of necessity, even when those changes were likely to be less profitable. Copyright 2013, Oxford University Press. Date: 2013 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:oup:cjrecs:v:6:y:2013:i:3:p:401-418 Ordering information: This journal article can be ordered from Access Statistics for this article Cambridge Journal of Regions, Economy and Society is currently edited by Judith Clifton, Anna Davies, Betsy Donald, Emil Evenhuis, Stefania Fiorentino (Associate Editor), Harry Garretsen, Meric Gertler, Amy Glasmeier, Mia Gray, Robert Hassink, Dieter Kogler, Michael Kitson, Linda Lobao, Charles van Marrewijk, Ron Martin, Peter Sunley, Peter Tyler and Chun Yang More articles in Cambridge Journal of Regions, Economy and Society from Cambridge Political Economy Society Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK. |
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