Center for Insurance Policy and Research to Hold Session on Commercial Real Estate Exposure During NAIC 2024 Fall National Meeting
The Center for Insurance Policy and Research (CIPR) will host a session titled "Commercial Real Estate: Assessing Insurers’ Short- and Long-Term Exposure," Tuesday, November 19, from 11:00 a.m. to 1:00 p.m. MST. during the National Association of Insurance Commissioners’ (NAIC) Fall National meeting in Denver, Colorado.
Registered meeting participants are invited to attend this event to better understand the dynamics of commercial real estate in the insurance industry’s investment landscape and how various socio-economic factors may impact this investment sector.
Research indicates that real estate investments, such as conventional mortgage loans and commercial mortgage-backed securities, have long been a cornerstone of insurers' asset portfolios. These investments provide financial advantages, particularly in aligning the duration of long-term mortgages with the long-term liabilities of life insurance companies. However, these asset classes are not without their risks, and the investment landscape is continuously evolving.
The commercial real estate sector has faced several recent challenges, including the rise of hybrid and remote work models and issues in some downtown areas. This event aims to delve into the short- and long-term risks associated with insurer commercial real estate investments and examines how the industry and state-based insurance regulators are responding to these challenges.
The discussion will also highlight the significant role these investments play in community development and the broader economy, offering insights into the balance between financial benefits and emerging risks.
Find additional information on CIPR or the NAIC 2024 Fall National Meeting here.
About the National Association of Insurance Commissioners
As part of our state-based system of insurance regulation in the United States, the National Association of Insurance Commissioners (NAIC) provides expertise, data, and analysis for insurance commissioners to effectively regulate the industry and protect consumers. The U.S. standard-setting organization is governed by the chief insurance regulators from the 50 states, the District of Columbia and five U.S. territories. Through the NAIC, state insurance regulators establish standards and best practices, conduct peer reviews, and coordinate regulatory oversight. NAIC staff supports these efforts and represents the collective views of state regulators domestically and internationally.