Illiquid assets rose to 19.4% of German insurers’ investments in 2025, Moody’s estimates
Private credit was about 9.3% of German insurers' invested assets at end-2024, against a 7.5% European insurance average.
20 October 2026·3 min read
Private credit was about 9.3% of German insurers' invested assets at end-2024, against a 7.5% European insurance average.