LUX CAA issued cir letter 24/14 relating to maximum technical interest rates applicable to new life insurance contracts; last rates setting carried out via circular letter 23/17.
Purpose
Rates may be different depending on the currency used and can't exceed 60% of that of the State bond issued in the currency in which the contract is denominated.
List of the maximum technical rates setting in EUR, CHF, DKK, GBP, NOK, SEK, USD.
Effectiveness
The maximum technical rates apply from Jan. 1, 2025.
Regulators
LUX CAA
Entity Types
IB; Ins
Reference
Cir Lt 24/14, PR, 12/16/2024
Functions
Actuarial and Valuation; Compliance; Financial; Product Design; Treasury
