Recommendation on actuarial interest rate for personal injury claims

Kennisbank •
Mike Aarts, Shaleb Mathur

The article discusses the impact of the actuarial interest rate, “Rekenrente” on bodily Injury claims. The actuarial interest rate is not regulated in a mandatory way in the Netherlands. In 2017 De Letselschade Raad (DLR, Counsil of Bodily Injury) published a concept guideline.

Recommendation on actuarial interest rate for personal injury claims

This is an advice on the actuarial interest rate and at least part of the insurers aligned the actuarial interest rate for their reserve calculations with these concept guidelines. However, certain cases are decided on by the regional court. As the guidelines are not mandatory, judges are free to deviate from these guidelines in their verdict. When there is a new verdict, which deviates from the guidelines, insurers will often behold the new verdict as a guideline for the actuarial interest rate. The Verbond van Verzekeraars aims to get to a regulation for rekenrente, together with DLR and other stakeholders, however this is yet to be published.

 

Read the entire article by Shalabh Mathur and Mike Aarts under Download.