The Guarantee of Insurance Policy Impacts on Premiums and Reserves

• Main Author: 張倉銘
• Other Authors: 蔡政憲
• Format: Others
• Language: zh-TW
• Online Access: http://ndltd.ncl.edu.tw/handle/94403176726472068262

碩士 === 國立政治大學 === 風險管理與保險研究所 === 102 === Taiwan insurance companies have been selling a variety of insurance contracts for protecting insured for the past years. At that time, the insurance contracts had a higher assumed interest rate. But, recently the interest rate of financial market is going down. It is not expect to happen. The insurers’ loss form difference of interest rate which resulting the more and more the pressure of financial. And, the loss from difference of interest rate impacts the running and development of insurers. This paper focuses on the impacts of premiums and reserves of Taiwan insurers. It takes apart two running difficulty aspects of pricing premiums and valuating reserves. By pricing premiums and market consistent valuation for reserves, lowering the running pressure of insures and reflecting the true value. Our study uses Taiwan government bond and commercial paper interest rate data, constructing the suitable term structure for insurance contracts, re-pricing the premiums and reserves. The above analyses that demonstrate that insurers use market consistent valuation not only according to international trend but also pricing premiums and reserves can benefit insurers.