Key facts
- European insurers face risks in the private credit market.
- Petra Hielkema, chair of EIOPA, issued the warning.
- Some insurers lack necessary capabilities for private credit.
Petra Hielkema, chair of the European Insurance and Occupational Pensions Authority (EIOPA), has cautioned European insurers about the risks associated with participating in the growing private credit market. Speaking on Bloomberg TV, Hielkema noted that while the region has numerous insurers of various sizes, some may not yet possess the adequate capabilities to navigate these complex financial instruments. The warning comes as insurers look to capitalize on the opportunities presented by the private credit boom.