Insurance and Pension Fund Operations: How They Invest and Manage Risk
Book: Financial Markets and Institutions, 11th Edition Author: Jeff Madura Publisher: Cengage Learning, 2015 ISBN: 978-1-133-94788-2
Chapter 25 is the longest chapter in Part 7 and covers two major categories of financial institutions: insurance companies and pension funds. Both are massive investors that channel money from individuals into financial markets. Insurance companies alone hold trillions in assets. Pension funds are some of the largest institutional investors in the world.