Low investment grade debt a staple of EU insurer portfolios
Credit assets of the lowest investment grade level make up almost one-quarter of all debt held by European Union insurers that do not use their own models to estimate default risks.
Data from the European Insurance and Occupational Pensions Authority (Eiopa) shows that as of end-2018, 23.1% of all sovereign bonds, corporate bonds, structured notes and collateralised securities were allocated to credit quality step (CQS) three, one notch above junk rating. This amounts to €642.8 billion ($711.2
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Risk Quantum
7 days in 60 seconds
Libor switch, US capital problems and operating in lockdown
The week on Risk.net, June 20-26, 2020
Receive this by email