English  |  正體中文  |  简体中文  |  Post-Print筆數 : 27 |  Items with full text/Total items : 113648/144635 (79%)
Visitors : 51619464      Online Users : 520
RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.
Scope Tips:
  • please add "double quotation mark" for query phrases to get precise results
  • please goto advance search for comprehansive author search
    •  Adv. Search
    Home ‧ Login ‧ Upload ‧ Help ‧ About ‧ Administer Goto mobile version


    Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/13054


    Title: 投資策略、清償能力與分紅保單公平定價之研究
    Other Titles: Investment Strategy,Solvency and Fair Pricing for Participating Policies
    Authors: 楊曉文;黃泓智;黃麗容
    Sharon S. Yang;Huang,Hong-Chih;Huang,Li-Long
    Keywords: 分紅保單;清償能力
    with-profit policies;solvency
    Date: 2006-01
    Issue Date: 2008-12-08 11:13:19 (UTC+8)
    Abstract: 本研究探討英式分紅保單的投資特性與公平定價問題。英式分紅保單的特色為最低紅利保證機制及報酬率平順化的特性，近年來亦漸漸受到國內保險公司的重視。本研究運用模擬的方法，以效率前綠的概念來分析不同投資策略下，直接投資與分紅保單在風險與報酬上的比較，並更進一步探討在不同投資策略下分紅保單所隱含的合理預定利率與公司清償能力的關係。研究結果發現當保險公司的投資策略愈積極時，和直接投資來比，購買分紅保單對於保戶而言較有利，且愈長年期（25年期）的保單效果愈明顯，但保險公司的清償力降低，另外，在定價方面，投資策略愈積極時，所隱含的預定利率較低，但保證的期間紅利較高，本研究的結果有利於國內保險公司了解英式分紅保單的財務精算與經營課題。
    In this study, we deal with the fair pricing of with-profit policies sold in UK. The features of UK with-profit policies are that the credited return is smoothed and is associated with some types of minimum guarantee. In this research, we make use of simulation analysis to compare the efficiency frontier between buying a with-profit policy and investing directly in the market. In addition, we calculate the fair pricing interest rate under different investment strategies and its impact on the insurer`s solvency. In this research, we find that when the insurer sets the investment strategy more aggressive, it is more advantage to buy with-profit policies. The effect is more significant for the policies with longer maturity. However, when considering the insolvency risk, the insurer intends to set a lower pricing interest rate. The research findings are helpful for the local insurance company`s reference.
    Relation: 台大管理論叢,17(1),91-112
    Data Type: article
    Appears in Collections:[風險管理與保險學系] 期刊論文

    Files in This Item:

    File Description SizeFormat
    91111.pdf6534KbAdobe PDF2973View/Open


    All items in 政大典藏 are protected by copyright, with all rights reserved.


    社群 sharing

    著作權政策宣告 Copyright Announcement
    1.本網站之數位內容為國立政治大學所收錄之機構典藏，無償提供學術研究與公眾教育等公益性使用，惟仍請適度，合理使用本網站之內容，以尊重著作權人之權益。商業上之利用，則請先取得著作權人之授權。
    The digital content of this website is part of National Chengchi University Institutional Repository. It provides free access to academic research and public education for non-commercial use. Please utilize it in a proper and reasonable manner and respect the rights of copyright owners. For commercial use, please obtain authorization from the copyright owner in advance.

    2.本網站之製作，已盡力防止侵害著作權人之權益，如仍發現本網站之數位內容有侵害著作權人權益情事者，請權利人通知本網站維護人員(nccur@nccu.edu.tw)，維護人員將立即採取移除該數位著作等補救措施。
    NCCU Institutional Repository is made to protect the interests of copyright owners. If you believe that any material on the website infringes copyright, please contact our staff(nccur@nccu.edu.tw). We will remove the work from the repository and investigate your claim.
    DSpace Software Copyright © 2002-2004  MIT &  Hewlett-Packard  /   Enhanced by   NTU Library IR team Copyright ©   - Feedback