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    Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/60053


    Title: 負債評價、資產負債組合與資本強化策略:台灣人壽保險產業分析
    Liability valuation, portfolio of assets and liabilities, and capital strengthening strategy: analysis of Taiwan life insurance industry
    Authors: 謝奇芳
    Contributors: 張士傑
    謝奇芳
    Keywords: 國際財務會計準則
    利差損
    監理寬容
    Date: 2009
    Issue Date: 2013-09-04 15:02:18 (UTC+8)
    Abstract: 經過2008年金融海嘯影響後,台灣壽險業帳列資產價值大幅縮水,整體
    壽險產業淨值下跌。加上國際會計準則 (IFRS) 及資本監理標準
    (Solvency II) 之修正,具體呈現於歐洲保險子公司在台股權移轉交易,紛
    紛退出台灣市場,突顯集團母公司必須遵循母國標準,必須將資產負債移轉給
    相對寬鬆資本規範之本國公司。當金融產業不穩定下,監理機關採取暫行措施
    可以穩定金融市場運作,對於降低金融監理標準之作法稱做監理寬容。持續低
    利率環境造成過去壽險公司在1990年代高利率時期,發行之長期性過高利率保
    單產生利差損問題。尤其在接下來預定實施國際會計準則第四號公報
    (IFRS4) 後,壽險公司需依照「市場實際利率」提存準備金,預估整體壽險
    業將至少須增提10%到15%的資本,此增資壓力龐大,利差損問題益加嚴重。
    本研究主要回顧過去之保險負債評價文獻,並且引用國際會計準則委員會
    (IASB) 針對保險合約會計之討論稿,整理IFRS 4中對於保險負債評價的部
    份,IASB希望以「現時移轉價值」來衡量保險負債,其中現實移轉價值包括現
    金流量、時間價值、風險邊際、服務邊際四個部份。此外,本研究將透過主成
    分分析檢視台灣壽險公司的資產與負債結構,從結果可得知,在資產部分,可
    以大略歸類出四種不同的投資性質;而負債部分,除了兩家外商公司以外,其
    他壽險公司在各險種的經營上仍有些許差異。資產負債結構相似的公司在資產
    負債管理及風險管理上較為相近,在面對利率波動及其他市場風險時,可作為
    決策之借鏡。最後,在國際財務會計準則第四號公報實施後,利差損問題會益
    加嚴重,本研究試著提出由政府成立「政府再保險公司」,透過風險轉換,也
    許可以減緩台灣壽險公司的增資壓力。
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    李佳穆,2008,「附保證商品在SOLVENCY II的資本評價」,政治大學風險管理與保險學系碩士學位論文。

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    Description: 碩士
    國立政治大學
    風險管理與保險研究所
    95358024
    98
    Source URI: http://thesis.lib.nccu.edu.tw/record/#G0953580241
    Data Type: thesis
    Appears in Collections:[風險管理與保險學系] 學位論文

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