(Bloomberg) — BlackRock expects insurance companies could move more than $300 billion into debt exchange-traded funds over the next five years, thanks to a gate that's been lifted in U.S. regulations. 

The change follows a review by the National Association of Insurance Commissioners to tweak accounting guidelines. The New York-based asset manager worked with the group for four years to help modify the standards.

The new rules are expected to take effect by the start of next year.

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.