Regulatory Alerts2025-12-09 | NBB_2025_20Added · Updated
Circular NBB_2025_20 / Supplementary Provision in Life and Work Accident Insurance
The National Bank of Belgium sets the pivot interest rate at 1.72% for 31 December 2025, applicable to life and work accident insurance companies. This rate is calculated as the average yield of linear bonds on the secondary market over the period from December 2020 to November 2025. Insurers must use this pivot rate to determine supplementary provisions when their guaranteed interest rate exceeds 80% of the pivot rate by more than 10 basis points.
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