AbstractsEconomics

The main proposition that seems to emerge from the review of investment trends in the previous chapters is that the underlying factordetermining trends is the desire and constant attempt to maximize yields. In this attempt insurance companies are at different times defeated byconditions both within and beyond their control. The most important factors within their control that have exercised any considerableinfluence on the investment trend have been:1. A recognition of the need for a certain degree of liquidity.2. A recognition of the necessity for an adequate d~gree of diversification in their securities.3. The patriotic motive which dominated the trend during the War period.The main factors beyond their control have been:1. Conditions affecting the demand for and supply of mortgages and securities due to changes in general business conditions.2. Forced investments either in the form of policy loans or refunding issues.3. Legislation for the relief of debtors. [...]