Accounting for Reinsurance Transactions in the Financial Accounts of the United States

Posted: 17 Oct 2018 Last revised: 25 Jun 2020

See all articles by Michael Batty

Michael Batty

Board of Governors of the Federal Reserve System

Date Written: 2018-10-12

Abstract

The net worth of households and nonprofit organizations grows by $249 billion to reflect the value of policies that were previously missing from the Financial Accounts of the United States (Financial Accounts). Businesses also capture $81 billion from previously missing policies. The rest of the world (ROW) sector loses $130 billion on net because they are the reinsurer for many of the policies that are newly recorded. This note describes these changes and their associated effects in more detail.

Suggested Citation

Batty, Michael, Accounting for Reinsurance Transactions in the Financial Accounts of the United States (2018-10-12). FEDS Notes No. 2018-10-12. Available at SSRN: https://ssrn.com/abstract=3267783 or http://dx.doi.org/10.17016/2380-7172.2271

Michael Batty (Contact Author)

Board of Governors of the Federal Reserve System ( email )

20th Street and Constitution Avenue NW
Washington, DC 20551
United States

Here is the Coronavirus
related research on SSRN

Paper statistics

Abstract Views
97
PlumX Metrics