Morningstar DBRS expects global premiums to reach $40-billion by the end of the decade.
Researchers say a widely accepted quantitative measure of liquidity risk is needed.
Budget 2024 measure is available to relatively few homebuyers.
Car manufacturers begin offering insurance to support sales.
Rates are going up, but trend may be moderated or mitigated by regulation.
Recent deterioration has negative impact on earnings; capital levels not affected.
Illiquidity, complexity, model risk and counterparty risks examined in new research note.