OECD

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, 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 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

Captive insurance companies, especially in offshore domiciles, are under scrutiny from international tax authorities.