11/05/2024 | Press release | Distributed by Public on 11/05/2024 08:39
The European Insurance and Occupational Pensions Authority (EIOPA) collects and publishes comprehensive statistics on solo insurance undertakings and groups in the European Economic Area (EEA). Recent data shows that the share of green investments in the portfolios of EEA insurers has edged higher.
The factsheet published today provides an overview of the investments of EEA-based insurance groups. Specifically, it shows to what extent European insurers' direct equity and corporate bonds investments in the EEA align with the EU Taxonomy for environmentally sustainable activities.
EIOPA's analysis of the data reveals that 4.5% of insurers' direct corporate bond and equity investments are currently aligned with the Taxonomy. When considering only non-financial exposures, the share of Taxonomy-aligned investments rises to 10.7%, up from 5.7% in 2022. An additional 20.5% of direct corporate bond and equity investments-or 48.6% of non-financial exposures-are in sectors eligible for the Taxonomy.
Go to EIOPA's insurance statistics
Notes
In addition to changes in insurers' investment behavior, this increase also reflects valuation effects as well as certain reporting and methodological changes made since the last publication.