Introduction A recent piece by Insurance Europe highlighted that The Solvency II risk margin currently ties up around €190bn of EU insurers’ capital asserting that, “This is unnecessarily high and reduces insurers’ capacity to take on risks and to invest in the economy.” There are always two sides to a coin and arguments in favour… Continue reading IFRS17: Rendering Credit Rating Agencies Obsolete?
Category: Thought Leadership
DAC 6: Captives in Murky Water
Released on the Cutts Watson website on 15th January 2021 The OECD ‘Transfer Pricing Guidance on Financial Transactions’ Report in February 2020 raises a justification for captives that is unrelated to tax i.e. in managing intra-group risks in a more economically feasible way than that provided by the conventional insurance market. However, from a corporate… Continue reading DAC 6: Captives in Murky Water