Life Insurers Play Vital Investing Role in US Economy: Chamber
March 7, 2019 by Elizabeth Festa
Life insurers invest in a wide array of sectors in the U.S. economy, they can stabilize markets, and they can help fund infrastructure projects, according to a new paper prepared by the U.S. Chamber of Commerce, with help from a data analyst from Ernst & Young.
The paper, “The Role of Insurance Investments in the U.S. Economy,” champions the role of life insurers as investors, and it talks about the positive long-term improvements life insurers’ investments can produce.
Life insurers’ investments in education projects “could build about 1,000 elementary schools every year” through municipal bond purchases, and life insurers could build a road from Washington to Los Angeles every year with their investments in the municipal bonds used to fund transportation projects, according to the paper.
The Chamber introduced the paper Tuesday, at an event in Washington.
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