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    题名: 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
    作者: 謝奇芳
    贡献者: 張士傑
    謝奇芳
    关键词: 國際財務會計準則
    利差損
    監理寬容
    日期: 2009
    上传时间: 2013-09-04 15:02:18 (UTC+8)
    摘要: 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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    中文文獻

    李家泉，2000，《實用壽險數理》，華泰文化事業股份有限公司。

    李秀珍，2004，「國際財務報告準則對壽險商品負債面影響之探討」，逢甲大學計與精算研究所碩士論文。

    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。

    張士傑、蔡政憲，2009，《從學術理論到監理實務》，財團法人保險事業發展中心。

    張士傑，2010，《保險契約之評價與風險管理》，前程文化事業有限公司。

    楊文，2005，「國際與我國保險契約會計處理及相關議題之探討」，台灣大學會計研究所碩士論文。

    葉典嘉，2007，「壽險責任準備金公平價值之評價分析－以強制分紅保單為例」，政治大學風險管理與保險學系碩士學位論文。

    廖雅芬，2006，「探討國際會計準則－保險契約」，東吳大學會計學系碩士學位論文。

    賴姿吟，2003，「保險會計－美國與國際會計準則之比較」，台灣大學會計研究所碩士論文。
    描述: 碩士
    國立政治大學
    風險管理與保險研究所
    95358024
    98
    資料來源: http://thesis.lib.nccu.edu.tw/record/#G0953580241
    数据类型: thesis
    显示于类别:[風險管理與保險學系] 學位論文

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