Regulatory Alerts2020-12-09 | NBB_2020_04Added · Updated
Circular NBB_2020_046 / Supplementary Provisions for Life and Accident Insurance
This circular establishes the applicable pivot interest rate for supplementary provisions in life and accident insurance as 0.33% for December 31, 2020. The rate is derived from the average yield of 10-year OLOs over the period from December 2015 to November 2020, applied when the guaranteed interest rate exceeds the pivot rate by more than 0.1%. This determination applies to insurance companies operating in life and accident insurance branches.
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