A Multivariate Analysis of the Composition of Life Insurer Balance Sheets
运用典型相关分析，研究了194家大型寿险公司资产与负债结构之间的经验关系，发现了多个显著的跨资产负债表关联。
A basic economic decision confronting a life insurer is the mixture of assets to buy and liabilities to sell. The asset and liability structures of life insurers involve interactions among their assets, among their liabilities, and between their assets and liabilities, as well as many regulations and institutional constraints unique to the life insurance industry. The purpose of this paper is, by using canonical correlation analysis, to examine empirical relationships between the structure of the assets and obligations of life insurers. Several significant cross-balance sheet relationships are found for a cross-section of 194 large life insurers.