The OECD’s Base Erosion and Profit Shifting (BEPS) action plan creates for captives and their owners not only another challenge (soon after Solvency II), but also an opportunity to optimize how the captive is used as a group risk management tool.
The session will address the current state of the captive industry taking into account the most recent changes that have impacted the market, such as, capital requirements post Solvency II, increasing premium rates, emerging risks facing multinational companies, and increased (re)insurance capacity. The session will also outline the OECD BEPS action plans and their potential impact on captives and their owners.
Finally, the session will go through the initiative that has been proactively driven by FERMA and the outcome of its direct dialogue with the OECD. This session will give risk managers an opportunity to firstly understand the state of the captive market, the potential challenges of BEPS and the steps that they could implement to take advantage of the opportunities to manage their group risks in an efficient and optimal manner.