And then with the search for yield and kind of the challenging environment, with that prolonged low interest rate environment, we saw insurers becoming again, primarily life Insurers becoming more aggressive, innovative with the types of investments they were making. So moving away from the traditional bonds, common stock, traditional investments that life insurers in particular had held on their balance sheets to more what we kind of generally call alternative investments now, asset backed securities, more structured products overall, less liquid, more complex. (20:46–20:54)
CLAIM
Asserts that insurers have become more aggressive and innovative in their investment strategies.
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