Sven Giegold

ufr

Insurances/Solvency II: Fanciful interest rates: hope dies last

The article first appeared in German on www.versicherungsmonitor.de   The ultimate forward rate (UFR) is one of the cornerstones of the new Solvency II supervisory system. This discount rate determines the risk-free interest rate at the long end of the interest rate curve. The higher this interest rate is, the lower the mandatory reserves an […]

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