Private assets reach €1.185tn, 11% of EEA (re)insurers’ total assets
By IAN Editorial Desk – Private asset exposures at European Economic Area (EEA) insurers and reinsurers amounted to €1.
Private asset exposures at European Economic Area (EEA) insurers and reinsurers amounted to €1.185 trillion, or around 11% of total assets, at the end of 2025. EIOPA published the factsheet on European insurers’ private credit and private equity exposures on 16 July 2026.
Private credit accounted for about 5.0% of total assets. EIOPA’s definition includes mortgages and loans, convertible bonds, hybrid bonds, subordinated bonds, structured notes and collateralised securities. It also includes indirect holdings through funds, including alternative, private equity and infrastructure funds, while excluding intra-group transactions.
EIOPA measured the exposures as a share of total assets and by line of business. Unit-linked business had only limited exposure to private assets overall, while separate financial stability data showed that life insurers led private credit exposure. Non-life insurers and reinsurers allocated 6.1% and 3.2% of general account portfolios to private credit, respectively. The balance-sheet picture comes before amendments from the Solvency II review apply in January 2027. The review will reduce capital requirements for equity and securitisation investments, and EIOPA is mandated to monitor how insurers and reinsurers use capital-release relief resulting from the review.
https://www.eiopa.europa.eu/eiopa-publishes-factsheet-european-reinsurers-exposures-private-credit-and-private-equity _en
Sources: eiopa.europa.eu · eiopa.europa.eu
