Insurance Data

Insurance Statutory Filings

General Interrogatories

• Kim, Kyeonghee, J. Tyler Leverty, and Joan T. Schmit. "The effects of investment advisers in the life insurance industry." Working Paper (2018).

Schedule D: Security Holdings

• Ge, Shan, and Michael S. Weisbach. "The role of financial conditions in portfolio choices: The case of insurers." Journal of Financial Economics 142, no. 2 (2021): 803-830.
• Becker, Bo, Marcus M. Opp, and Farzad Saidi. "Regulatory forbearance in the US insurance industry: The effects of removing capital requirements for an asset class." The Review of Financial Studies 35, no. 12 (2022): 5438-5482.
• Chodorow-Reich, Gabriel, Andra Ghent, and Valentin Haddad. "Asset insulators." The Review of Financial Studies 34, no. 3 (2021): 1509-1539.
• Coppola, Antonio. "In safe hands: The financial and real impact of investor composition over the credit cycle." The Review of Financial Studies (2025): hhaf017.
• Fang, Chuck. "Unrealized trading gains." Working Paper (2024).
• Damast, Dominik. "Insurers Use Banks for Portfolio Diversification." Working Paper (2023).

Schedule DB: Derivatives

• Sen, Ishita. "Regulatory limits to risk management." The Review of Financial Studies 36, no. 6 (2023): 2175-2223.
• Verani, Stéphane, and Pei Cheng Yu. "What’s Wrong with Annuity Markets?." Journal of the European Economic Association 22, no. 4 (2024): 1981-2024.
• Barbu, A., and I. Sen. "Hedging through product design." Working Paper (2024).

Schedule DL: Securities Lending

• Foley-Fisher, Nathan, Borghan Narajabad, and Stephane Verani. "Who Limits Arbitrage?." Working Paper (2020).

Schedule P: Losses and Loss Expenses

• Jotikasthira, Chotibhak, Anastasia Kartasheva, Christian T. Lundblad, and Tarun Ramadorai. "Strategic Claim Payment Delays: Evidence from Property and Casualty Insurance." (2025).

Schedule S: Reinsurance

• Koijen, Ralph SJ, and Motohiro Yogo. "Shadow insurance." Econometrica 84, no. 3 (2016): 1265-1287.

Insurance Rates (Prices)

Life Insurance: Compulife

• Koijen, Ralph SJ, and Motohiro Yogo. "The cost of financial frictions for life insurers." American Economic Review 105, no. 1 (2015): 445-475.
• Harris, Timothy F., Aaron Yelowitz, and Charles Courtemanche. "Did COVID‐19 change life insurance offerings?." Journal of Risk and Insurance 88, no. 4 (2021): 831-861.
• Wenning, Derek. National pricing and the geography of US life insurers. Working Paper. (2024)

Fixed annuities: WebAnnuities Insurance Agency

• Koijen, Ralph SJ, and Motohiro Yogo. "The cost of financial frictions for life insurers." American Economic Review 105, no. 1 (2015): 445-475.

Variable annuities: Morningstar Annuity Intelligence

• Koijen, Ralph SJ, and Motohiro Yogo. "The fragility of market risk insurance." The Journal of Finance 77, no. 2 (2022): 815-862.
• Barbu, A., and I. Sen. "Hedging through product design." Working Paper (2024).

P&C Insurance: Rate Changes

• Oh, Sangmin, Ishita Sen, and Ana-Maria Tenekedjieva. "Pricing of climate risk insurance: Regulation and cross-subsidies." Journal of Finance, Forthcoming (2021).