In all countries, there is a strong tendency towards new products compliant with Solvency II requirements, stated Esko KIVISAARI, Deputy Managing Director, Federation of Finnish Financial Services, in his presentation at the 16th International Conference "Insurance & Reinsurance in the Baltics".

The guaranteed interest rates vary mostly between 0.5% and 2%. Within the UK life insurance market, almost all new long term savings business is unit linked, with no guaranteed growth rates and no guaranteed annuity at retirement.

In Germany, the guaranteed interest will be 0.9% in new business from January 1st 2017 on.

Denmark has seen up to 16% guaranteed interest rates in the 1970's but most of them have run out by now.