Federal Financial Supervisory Authority
In October, the Federal Ministry of Finance made an amendment to the Zinszusatzreserve, which was …
In October, the Federal Ministry of Finance made an amendment to the Zinszusatzreserve, which was introduced in 2011. This amendment means that life insurance undertakings will have to provide approximately 15 billion euros less for 2018 than under the old regulation. At the current interest rate level, the previous regulation would have led to excessive balance sheet provisions, which would have been to the detriment of customers, in particular of policyholders with low interest rate guarantees.
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