The panel discusses the intricacies of Base Erosion Profit Shifting initiative and how it affects to the financial services industry. The panel is led by Michael Velten, Asia-Pacific Financial Services & Insurance Tax Leader, Deloitte, and joined by these panellists: Goh Ka Im, Partner, Revenue and Tax Practice Group, Shearn Delamore; Naoyoshi Araki, Representative Director, Japan Risk Specialist Ltd and; Kelvin Wu, Group Risk and Insurance Manager, International SOS.
Chinese capital is expected to claim more than a third of the USD261bn aircraft leasing market by 2022, a seven-fold rise in just 14 years, according to a leading aviation data provider.
In cooperation with Ernst & Young, Ginetta, and Citi Treasury and Trade Solutions, Allianz Global Corporate & Specialty has successfully implemented a blockchain prototype for a global captive insurance program. The technology aims to increase efficiency in the captive organization's international insurance transactions by accelerating and simplifying functionalities.
Private banks that cater to Asia's wealthy expect another robust year as the region's rapid growth continues to mint new millionaires while appetite for risk remains healthy.
With the scope of cyber threats evolving, and commercial insurance unable to offer suitable coverage, captives can provide a tailored alternative solution to meet individual company exposures.