Publication de la lettre circulaire 23/4 du Commissariat aux Assurances relative aux taux d’intérêt techniques maxima applicables aux nouveaux contrats d’assurance vie

The CAA published Circular letter 23/4 concerning the maximum technical interest rates applicable to new life insurance contracts.
As a reminder, the CAA is responsible for setting rules for the maximum technical rates that can be used for calculating life insurance technical provisions. These rates can be different depending on the currency used, but cannot exceed 60% of the government bond yields in the same currency.
Due to a continuous increase in the 10-year reference rates for all currencies, the first paragraph in point 1 of Circular letter 98/1 needs to be amended, thereby changing the maximum technical rates. Hence, as of 1 May 2023, the new maximum technical rates for the most common currencies are set as follows: EUR 1.25%, CHF 0.50%, DKK 1.00%, GBP 1.50%, NOK 1.75%, SEK 1.00%, and USD 1.75%.
The Annex of the present Circular letter 23/4 contains a table with historic maximum technical rates for the most common currencies set by the CAA.