OK, thanks. But what with the second question in which the UPDATE is based on a SELECT max(...) statement on another table? How can I ensure that no other process inserts a row between my SELECT max() and UPDATE - making my SELECT max() invalid?

A table lock could be an option but I am only interested in blocking for row insertions for this particular account_id. Insertions for other account_ids will not make the SELECT max() invalid and should therefore be allowed.

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TIP 9: In versions below 8.0, the planner will ignore your desire to
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