| Summary: | 碩士 === 中原大學 === 國際商學碩士學位學程 === 106 === Since 2011, insurers in Taiwan needed to implement IFRS 4, which is related to insurance contracts. IFRS 4 can be separated phase I and II, phase II plans to implement no earlier than 2020, thus, Taiwan is now under phase I. The major difference before after implementing IFRS 4 is the liability adequacy test. This paper investigates the association between liability adequacy and capital adequacy and the performance after implementing IFRS 4 phase I by sourcing the data from 2008 to 2017 of public life insurers in Taiwan. The results show that the association between liability adequacy and capital adequacy are reverse and a better EPS and ROA are found in public life insurers after implementing IFRS4 phase I. However, there’s no significant relationship for ROE after implementing IFRS4. Additional test is provided to investigate the performance on nonpublic life insurers after IFRS4 phase I. The result is different from the public life insurers, it shows that after implementing IFRS4, only find a positive effect to EPS, while having negative effects on ROA and ROE.
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