The new regulation to change the Deckungsrückstellungs-Verordnung and Pensionsfonds-Aufsichtsverordnung has been published in the edition of the Bundesgesetzblatt (Federal Law Gazette) of 22 October 2018. The new rules for calculating the additional interest reserve thus come into force just in time for their application on 31.12.2018. The regulation has again been slightly amended in comparison with the draft bill in order to clarify the calculation rules.
Life Insurance
Federal Ministery of Finance presents draft bill for modification of the “Zinszusatzreserve”
Finally, after a long wait, the Federal Ministry of Finance presented a draft bill dated 14.9.2018 on the amendment of the “Regulation on the Principles Underlying the Calculation of the Premium Reserve” for life insurers and pension funds. It is intended that the new version will come into force this year in order to enable the calculation of the actuarial reserve as at 31.12.2018 according to the new methodology.
Life Insurance Run-off in Germany
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.
Actuarial survival analysis – a modern method for determining incidence probabilities
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 …