MIL OSI Translation. Region: Germany / Deutschland –
Source: Federal Financial Supervisory Authority BaFin has updated the interpretative decision on Section 353 Insurance Supervision Act (VAG) on the interest rate assumptions in action plans and progress reports. The definition of the pessimistic and the middle scenario are affected. The new interest rate assumptions are to be used with immediate effect for the reports to be submitted to BaFin.
EDITOR’S NOTE: This article is a translation. Apologies should the grammar and / or sentence structure not be perfect.