Insurance Risk Capital of Health Insurance Liability: The Case of Taiwan
碩士 === 東吳大學 === 財務工程與精算數學系 === 104 === In this paper, following the method in the QIS 5 of Solvency II to calculate the risk capital requirement, I consider the impact of changes in mortality and morbidity to solvency capital. First, I adopt mortality relational model in Chan, Tsai, and Tsai (2013)...
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| Format: | Others |
| Language: | zh-TW |
| Published: |
2016
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| Online Access: | http://ndltd.ncl.edu.tw/handle/833459 |
| Summary: | 碩士 === 東吳大學 === 財務工程與精算數學系 === 104 === In this paper, following the method in the QIS 5 of Solvency II to calculate the risk capital requirement, I consider the impact of changes in mortality and morbidity to solvency capital. First, I adopt mortality relational model in Chan, Tsai, and Tsai (2013) to forecast both mortality and morbidity rate. Furthermore, I calculate the risk capital of two representative health insurance policies. The quantitative results show that under standard approach the risk capital factor decreases with the insured’s age; the risk capital factor for policies issued to females is slightly higher than to males; and the risk capital factor is also related to interest rate. The findings can be used in the risk-based capital system reform for reference in Taiwan.
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