## Figure 1.10.  Changes in Life Insurance Companies� Business Models

## Source details

**Canonical URL:** [Figure 1.10.  Changes in Life Insurance Companies� Business Models](https://www.imf.org/-/media/files/publications/gfsr/2017/october/chapter-1/csv-data/figure1-10.csv)

## Other formats

- [Markdown version](/-/media/files/publications/gfsr/2017/october/chapter-1/csv-data/figure1-10.csv.md)
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### 2. Changes in Insurance Productivity Mix
- Nonlinked: 2009 = 63.67; 2015 = 53.6
- Unit linked: 2009 = 36.33; 2015 = 46.4
- Variable annuities: 2007 = 71.6; 2016 = 47.3
- Fixed annuities: 2007 = 28.4; 2016 = 52.7
- Annuities (life category): 2007 = 39.93; 2015 = 26.07
- Life insurance (life category): 2007 = 60.07; 2015 = 73.93

### 3. European and US Life Insurers: Bond Asset Allocation
- Credit quality breakdown (Percent)
  - AAA/AA/A: US 2008 = 75; US 2016 = 67; Europe 2008 = 83; Europe 2016 = 65
  - BBB: US 2008 = 18; US 2016 = 24; Europe 2008 = 4; Europe 2016 = 23

### 4. Japanese Life Insurers� Investment Portfolio
- Domestic bonds, maturity < 10 years: 2004 = 27.28; 2016 = 12.22
- Domestic bonds, maturity > 10 years: 2004 = 7.01; 2016 = 31.33
- Foreign bonds: 2004 = 13.12; 2016 = 21.22
- Equities: 2004 = 16.24; 2016 = 14.31
- Cash, loans, real estate, and other: 2004 = 36.35; 2016 = 20.92

*Dataset: figure1-10 (csv worksheet sample rows as provided).*

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_Source: https://www.imf.org/-/media/files/publications/gfsr/2017/october/chapter-1/csv-data/figure1-10.csv_