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Berlin: We've started reform of interest-rate reserve fund for life insurers

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Reuters BERLIN

BERLIN (Reuters) - German Deputy Finance Minister Joerg Kukies said on Thursday that Germany had started to revise the interest-rate reserve fund for German life insurers.

Kukies, deputy finance minister with responsibility for financial market policy and European issues, had said last month that the interest-rate reserve fund, known as the ZZR in Germany, should be built up, but in smaller increments.

(Reporting by Klaus Lauer; Writing by Michelle Martin; Editing by Tom Sims)

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First Published: Oct 18 2018 | 2:06 PM IST

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