Investment Behaviour of British Life Insurance Companies

<p>Originally published in 1979, <i>The Investment Behaviour of British Life Insurance Companies</i> provides a critical analysis of the investment policy of the life insurance industry for the period of 1962-76, and attempts to construct an econometric model of the investment behaviour. It looks at the portfolio composition of life funds and their position in the markets for securities in terms of their gross purchases and sales and net acquisitions. It also considers the principles on which life offices appear to operate the principles on which life offices appear to operate in respect of investing their ‘reserves’ to meet future contingent liabilities. This book will appeal to those working in the field of economic and business. </p> <p>Acknowledgements Preface 1. The Business of Life Insurance 2. The Flow of Funds through the Life Insurance Sector 3. The Objectives and Constraints on Investment Policy 4. The Empirical Evidence on Investment Behaviour 5. Modelling Life Office Investment Behaviour: Individual Demand Specifications 6. Modelling Life Office Investment Behaviour: Sector Specifications 7. Conclusions Appendix </p>