A comparative analysis of personal health insurance operation of life & non-life insurace industry in Taiwan (Under Proposed Amendment)

• Main Authors: Nien Chin-Huo, 粘錦河
• Other Authors: none
• Format: Others
• Language: zh-TW
• Published: 2005
• Online Access: http://ndltd.ncl.edu.tw/handle/sddysg

碩士 === 朝陽科技大學 === 保險金融管理系碩士班 === 93 === Our country started private life insurance companies since 1962 with only 7 private companies starting Commercial Health Insurance in the beginning. In order to comply with the market trend of liberalization and internationalization, the government started to permit American life insurance companies to execute life insurance industry in Taiwan in 1987 and accept our people to apply for establishing insurance companies in 1993 with 31 insurance companies to this day. From that time on, all insurance companies in Taiwan are overall opened and moving toward the competitive market of liberalization and internationalization. In 1997, the Legislature adopted the Item 1, Article 138 of Insurance Law, which adjusts and limits non-life insurance companies into life insurance companies to accident insurance. In 2004, the Executive Yuan adopted to adjust partial articles of the Insurance Law in the session allowing non-life insurance companies to execute health insurance under 1 year, which made changes to the originally mature health insurance market and brought positive impact and influence on the risk and recognition that life insurance and non-life insurance of the public face. Under this background, this research analyzes the loss statistics of life insurance companies executing health insurance in the past to compare and analyze the design, rating enactment, marketing, underwriting and claim, and protection of moral hazard of health insurance commodities. This research also conducts overall comparative research on the execution of life and non-life insurance and obtains the conclusions as follows: 1. on-life insurance companies shall avoid beating down for competition, or it would cause damage to the finance and solvency. Also, as to the certification tests of underwriters, non-life insurance companies shall add the contents of accident insurance and health insurance to promote professional quality. 2. The health insurance executed by life insurance companies are use the level of premium, while non-life insurance companies are allowed to execute one-year health insurance only. 3. In order to prevent insurance fraud, the government had established the Insurance Anti-Fraud Institute in the beginning of last year, and non-life insurance companies shall establish complete and sound notification system as soon as possible. 4. Consumers shall consider their own situations when purchasing personal health insurance instead of comparing prices only to maintain the sound development of the insurance system.