Not logged in.
Quick Search - Contribution
Contribution Details
| Type | Master's Thesis |
| Scope | Discipline-based scholarship |
| Title | OECD/G20 Base Erosion and Profit Shifting Project (Potential implications of Action 9 for the insurance industry) |
| Organization Unit | |
| Authors |
|
| Supervisors |
|
| Language |
|
| Institution | University of Zurich |
| Faculty | Faculty of Economics, Business Administration and Information Technology |
| Number of Pages | 100 |
| Date | 2015 |
| Abstract Text | The OECD project "BEPS" leads to a development within the international trading system, which should not be underestimated. This master thesis outlines the purpose of action item 9 within the OECD BEPS action plan, which has been designed to develop new rules preventing base erosion and profit shifting through the transfer of risk among - or the excessive capital allocation to - other group members. Furthermore it analyses the impact of action item 9 on the insurance industry. Assuming and managing risk is the insurance industry's stock in trade. By introducing new requirements and regulations regarding capital and risk allocation the industry could be affected in different ways that can lead to market inefficiences through overcapitalization. Within this context, a specific reinsurance company headquartered in Switzerland is selected to examine in more detail the challenges arising through the implication of action item 9 within the intra entity transactions called retrocessions. The research activities revealed that for the selected reinsurance company, the implementation of action item 9 of the BEPS action plan, probably has two major different outcomes. Firstly, the company gains a competitive advantage over its competitors, and secondly its overall intra group retrocession business will be criticized/questioned. However, presumably both will likely result in the introduction of a process of business changes in the insurance business sector to accomodate with the potential outcomes, which in turn are unlikely to be beneficial for the whole industry. |
| Export |
BibTeX
|