Captives

The Federation of European Risk Management Associations (FERMA) has urged the OECD to take advantage of existing accounting and insurance regulations for captives so that its planned guidelines do not create disproportionate uncertainty and administration for multinational entities (MNEs).
On 20 June 2017, FERMA has released proposed guidelines for captive (re)insurance arrangements in order to ensure a consistent implementation of the OECD recommendations on Base Erosion and Profit Shifting (BEPS).
FERMA is honoured and proud to have received the BEPS Initiative Award of the year at the European and UK Captive Awards 2017
FERMA’s information paper Guidelines for BEPS on captive (re)insurance arrangements has been shortlisted for the European and UK Captive Awards 2017 in the category for BEPS-related initiatives.

FERMA has launched a campaign to change misperceptions of captive insurance by tax authorities and other public bodies.

As a starting point, FERMA has today published a position paper on captive insurance companies, which it will submit to the OECD so that the

Consistent implementation of Solvency II across the EU is the only guarantee that European insurance buyers will benefit from a new level playing field to optimise the protection of their organisation.

The article has been originally published  by Captives Review on 3 December 2015.