This publication provides an assessment of the degree of variation between the principles outlined in the OECD report and the current local position in the countries covered, while also seeking to identify what practical problems currently exist or may be anticipated. It also covers branches of insurance companies in the participating countries, given the focus on branches following Solvency II.
Key points include:
- General acceptance of the OECD’s "separate entity" and "arm’s length" principles
- Resolution of profit/capital attribution mismatches
- Increased awareness of PE profit attribution
- Variance in PE capital attribution.