The Bundesbank has published the “Bezugszins” (10-year zero-coupon euro swap rate) for June 2025. It amounts to 2.599 %.
The “Referenzzins” for the calculation of the “Zinszusatzreserve (ZZR)” as of 31.12.2024 amounts to 1.57 %.
Assuming that the “Bezugszins” remains constant, the “Referenzzins” as at 31.12.2025 would be 1.57 %.
With the publication of the “Bezugszins” interest rate (10-year zero-coupon euro swap rate) for September 2022 by the Bundesbank, the (“Referenzzins”) reference interest rate for the calculation of the “ZInszusatzreserve” (ZZR) is fixed as of 31 December 2022. It is 1.57%, as in the previous year.
In the November 2017 issue of the Reinsurance Section Newsletter of the Society of Actuaries Kai Kaufhold and Bernd Heistermann published an article on Run-off of life portfolios in Germany.
Kai Kaufhold and Bernd Heistermann presented the actuarial survival analysis as an alternative to classical portfolio analyses of life, pension and health insurance business at a meeting of the German Actuarial Society in Wiesbaden on 8 March 2017. Actuarial survival analysis enables the joint modelling of different factors influencing mortality, lapse and disabilty rates. For … Read more …