Insurance company investment grades in Europe by country 2021
Generally speaking, insurance companies in northern and western Europe tend to hold higher-grade financial assets than their southern and eastern companions. In 2021, investments rated 'credit quality step 0' (the lowest risk assets available under this scale) accounted for 72 percent of Swedish insurance companies' financial assets, and 64 percent for Danish companies. Conversely, only 0.2 percent of Hungarian insurance companies' debt was rated this highly. A notable outlier here though is Iceland, whose insurance companies held no debt in step 0 or step 1 - a major difference to their Nordic cousins.
