On the study of Fair Value for life reserve under SolvencyⅡ framework
碩士 === 銘傳大學 === 風險管理與保險學系碩士班 === 97 === SolvencyⅡ is a supervision standard for insurance Industry in Europe. In the future, Taiwan’s insurance supervision perhaps follows that standard. Therefore, to examine fair value for life reserve under Solvency II framework is noteworthy for life insurance in...
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| Other Authors: | |
| Format: | Others |
| Language: | zh-TW |
| Published: |
2009
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| Online Access: | http://ndltd.ncl.edu.tw/handle/01754771580341543721 |
| Summary: | 碩士 === 銘傳大學 === 風險管理與保險學系碩士班 === 97 === SolvencyⅡ is a supervision standard for insurance Industry in Europe. In the future, Taiwan’s insurance supervision perhaps follows that standard. Therefore, to examine fair value for life reserve under Solvency II framework is noteworthy for life insurance in Taiwan.
The technical provision under SolvencyⅡ framework is estimated by the fair value method. The fair value equals the sum of best estimate and risk margin. This study mainly compare the difference of technical provision for investment –linked life insurance between by the traditional method and by the faire value method.
The results are as follows：
1、By use of traditional method, life insurance company will face an
inadequate technical provision.
2、The technical provision by the fair value method still needs to
increase reserve because the fair value method does not completely
consider macroeconomic factors and individual company’s risk.
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