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1
Rufelt, Pontus. "Investment Opportunities for Swedish Life Insurance Companies." Thesis, KTH, Matematisk statistik, 2016. http://urn.kb.se/resolve?urn=urn:nbn:se:kth:diva-193945.
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Since the new risk sensitive regulation Solvency II was enabled the 1st of January 2016 the European insurance companies have to review their investment strategies. Insurance companies are among the largest institutional investors in Europe holding EUR 6.7 trillion assets, thus major changes in their asset management can impact the capital markets. To investigate how the investing opportunities have changed for life insurance companies, a representative Swedish life insurance company with an occupational pension portfolio was simulated for thirty years. This was made by first simulating the money market, bonds, equities and real estate for the simulated time by a stochastic multivariate process. Using Modern Portfolio Theory the portfolio weights was constructed for the financial asset portfolios for the model of the company. To determine future liabilities a representative ITP 2 pension portfolio was modelled where the pension policies was priced using traditional life insurance pricing theory in continuous time. For the company to be representative actuarial assumptions and as well as a consolidation policy was constructed in line with the major traditional life insurance companies in Sweden. The simulations of the company resulted in monthly cash flows, development of life insurance mathematical functions and the solvency capital requirements. The solvency capital requirement by Solvency II was calculated by applying the standard formula handed by EIOPA, where for life insurance companies the market risk module dominates in contribution to the capital requirement. By comparing the new risk sensitive capital requirement with the solvency capital requirement by the old regulations a change of structure dependent on time and asset allocation was observed. The Solvency II capital requirement for life insurance companies is clearly more dependent on the financial asset strategy for the company whereas the old capital requirement is not. The structure of the new capital requirement follows the same structure as the solvency market risk module where it is clear that low risk portfolios does not necessarily correspond to a lower capital requirement. The conclusion of this thesis is that life insurance companies in Sweden have tightened financial investing opportunities. This is due to Solvency II since this regulation is more risk sensitive than the old regulation.<br>Sedan det nya riskkänsliga regelverket Solvens II trädde i kraft den första januari 2016 behöver europeiska försäkringsbolag se över sin investeringsstrategi för finansiella tillgångar. Försäkringsbolag är bland de största finansiella investeringsinstituten i Europa med ett innehav om 6,7 biljoner euro och i och med detta kan stora förändringar i försäkringsbolagens tillgångsallokering påverka kapitalmarknaden. För att undersöka hur investeringsmöjligheterna har förändrats för livförsäkringsbolag simulerades ett svenskt fiktivt och representativt livförsäkringsbolag med en tjänstepensionsportfölj trettio år framåt i tiden. Först simulerades penningmarknaden, obligationer, aktier och fastighetsmarknaden trettio år med en multivariat stokastisk process. Genom att tillämpa modern portföljteori konstruerades portföljvikter för de simulerade finansiella tillgångarna för bolaget. För att modellera framtida skulder för bolaget konsturerades en representativ ITP 2 tjänstepensionsportfölj där pensionskontrakten prissattes med hjälp av traditionell prissättningsteori för livförsäkringar i kontinuerlig tid. Aktuariella antaganden och en konsolideringspolicy konsturerades i linje med de största traditionella livförsäkringsbolagen i Sverige för att konsturea en representativ portfölj. Simuleringarna av bolaget resulterade I kassaöden och utvecklingen av livförsäkringsmatematiska funktioner månadsvis samt solvenskapitalkravet årsvis. Solvenskapitalkravet beräknades med standardformeln erhållen av EIOPA där modulen för marknadsrisk dominerar i bidraget till kapitalkravet. Genom att jämföra det nya riskkänsliga kapitalkravet med solvenskapitalkravet baserat på tidigare regelverk observerades en skillnad i struktur beroende på tid och tillgångsallokering. Storleken på Solvens II-kapitalkravet för livförsäkringsbolag är mer beroende på den finansiella tillgångsstrategin för bolagen medan detta inte är fallet för Solvens I-kapitalkravet. Strukturen på det nya kapitalkravet följer samma struktur som modulen för marknadsrisk där det observerades at lågriskportföljer nödvändigtvis inte motsvarar ett lägre kapitalkrav för livförsäkringsbolaget. Slutsatsen av projektet var att utrymmet för investeringsmöjligheter för svenska livförsäkringsbolag har förminskats. Detta är på grund av införandet av Solvens II då regelverket är mer riskkänsligt än tidigare regelverk.
2
Weier, Annette 1960. "Demutualisation in the Australian life insurance industry." Monash University, Dept. of Economics, 2000. http://arrow.monash.edu.au/hdl/1959.1/8371.
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Blair, Mark. "Choice of ownership structure in the Australian life insurance industry." Phd thesis, Department of Accounting, 1991. http://hdl.handle.net/2123/7910.
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Von, Wielligh S. P. J. "The development of a best practice framework for the formulation of overall audit strategies for insurance contracts and the related earnings of listed South African long-term insurers /." Link to the online version, 2005. http://hdl.handle.net/10019.1/1103.
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Osman, Abdelghafour Mohamed. "Structured products: Pricing, hedging and applications for life insurance companies." Thesis, Uppsala University, Department of Mathematics, 2009. http://urn.kb.se/resolve?urn=urn:nbn:se:uu:diva-119969.
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Weng, Deh-Yen 1970. "China's life insurance industry : opportunities and challenges for foreign companies." Thesis, Massachusetts Institute of Technology, 2000. http://hdl.handle.net/1721.1/9208.
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Thesis (M.B.A.)--Massachusetts Institute of Technology, Sloan School of Management, 2000.<br>Also available online at the DSpace at MIT website.<br>Includes bibliographical references (leaves 95-97).<br>Since China began its "open door" policy in the late 1970s, this huge undeveloped market has attracted the attention of investors from all over the world. The fast growing economy has also stimulated demand in the insurance business. China opened its insurance market to foreign entrants in 1992. However, this is only a gradual step due to numerous restrictions on licensing, geographical scope, product scope and operation. In the US-China WTO agreement, China has committed to more fully open the insurance market, and this will provide some opportunities for foreign companies. This thesis attempts to examine the life insurance industry in Mainland China and to identify the opportunities and challenges for foreign entrants. In addition to describing the current industrial environment by investigating regulatory issues, the major players, competition, market factors, and the dynamics of foreign and domestic companies, this thesis will also discuss the market potential, the impacts of the WTO agreement, and changes and opportunities for the future. Some critical non-market factors associated with the market are also addressed including political and economic issues, the legal framework and administrative system, working relationships, cultural differences, and investment issues. There is no intention for a conclusion in this thesis, since for most foreign insurers, multinational insurance groups in particular, it is not likely that they can refuse becoming involved in this market. Therefore, the main purpose of this thesis is to describe an overview of this market, to point out the risks, and to provide some suggestions for foreign companies to take into account before they enter China.<br>by Deh-Yen Weng.<br>M.B.A.
7
Weber, JoÌ?rg. "Value based investment and surplus management in German life insurance companies." Thesis, Henley Business School, 2002. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.270228.
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Chaves, Fabrizzio Orlando. "Essential organizational culture elements for companies within the life insurance industry." Honors in the Major Thesis, University of Central Florida, 2010. http://digital.library.ucf.edu/cdm/ref/collection/ETH/id/1380.
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This item is only available in print in the UCF Libraries. If this is your Honors Thesis, you can help us make it available online for use by researchers around the world by following the instructions on the distribution consent form at http://library.ucf.edu/Systems/DigitalInitiatives/DigitalCollections/InternetDistributionConsentAgreementForm.pdf You may also contact the project coordinator, Kerri Bottorff, at kerri.bottorff@ucf.edu for more information.<br>Bachelors<br>Business Administration<br>Finance
9
Khan, Piyali Chandra. "Study on efficiency measurement of life insurance companies of India in the post reform era." Thesis, University of North Bengal, 2018. http://ir.nbu.ac.in/handle/123456789/2830.
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Venter, Petrus Albertus. "Change processes related to managing outsourced distribution within a life insurer." Thesis, Stellenbosch : Stellenbosch University, 2008. http://hdl.handle.net/10019.1/5541.
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Thesis (MBA (Business Management))--Stellenbosch University, 2008.<br>Financial services and in particular the insurance industry, has been exposed to
large-scale pressures and challenges from various fronts. For the past few decades,
the life insurance industry has been self-regulated through the Life Offices
Association (LOA). The LOA, representing life insurers, however never succeeded in
keeping the industry abreast of market, and the needs of the role players' (authors'
opinion based on interaction with in the industry and supported by the
implementation of consumer-driven legislation). The LOA together with a range of
other financial services industry bodies have since been disbanded (2008) and will in
future form part of the greater industry body ASISA (Association for savings &
investment South Africa)
Over the past 10 years the slow transformation caught up with the insurance
industry. Life insurers wanting to satisfy their shareholders focussed on the
generation of new business, often to the detriment of the consumer. Consumer
understanding of what they bought increased at a faster rate than the knowledge of
many of the brokers selling these products, partly due to the information era and the
free availability of information. Lack of transparency, misrepresentations and bad
advice from insurers and brokers have been exposed at an increasing rate since the
late 1990s.
The South African government decided to correct the wrongs of the past by taking
control of the situation, copying the UK model on Financial Services. Government
instituted the Financial Services Board and implemented a number of regulations to
ensure compliance to set criteria.
If compared to the regulatory model and processes applied in the UK (FSA), the
insurance industry can expect more regulatory pressures in the immediate future.
The increased regulation will increase the cost of doing business for all role-players.
A reduction in broker numbers can also be expected. Insurers will have to find new
ways of increasing production with a reduced distribution capacity. Insurers need to
produce sufficient returns on investment for their shareholders to ensure continued
capital. By being creative and partnering existing distribution structures, such as
distribution networks, bank brokerages, etc., insurers will be able to lock-in
distribution capacity without incurring excessive costs.
It is undeniable that insurers will have to revisit their distribution strategies if they are
to survive the next few years. At the current cost of distribution, insurers will not
survive the changing environment. Distribution through existing internal distribution
structures will continue to be under severe cost pressures in servicing brokers with
low to average production levels.
If the international trends are to filter through into the South African insurance
industry, larger number of brokers will join networks merely to limit the impact the
changing environment has on their practices. Such a move works in favour of all role
players:
• Insurers are able to reduce/restructure their costs and lock-in distribution
capacity through singular points of entry.
• Brokers are less fragmented and so improve their ability of being heard,
through a greater unified voice.
• Regulators can drive change and compliance through singular points of
access to multiple brokers.
• The industry is able to retain the knowledge and expertise to deliver their
products and improve its overall public image.
• Government are assured of a larger part of the population having access to
financial services and in particular life insurance.
• Clients would experience improved and standardised service levels from the
brokers.
Insurers unable to lock-in distribution capacity will find it extremely difficult to survive
the changing climate. Insurers have been locking-in distribution capacity by means
of:
• agency forces that write products of the specific insurer
• bank-assurance agreements where insurers and banks have cross shareholding
• franchise agreements where the sales people are in fact agents of the
franchisee
• call centres either owned by the insurer or having dedicated seats selling
products of the insurer
• loyalty programmes aimed at gaining a larger portion of the brokers
production
• recently the formation of distribution networks provide insurers on the network
platform access to affiliated brokers.
The formation of networks and distribution networks counteracts the constrictions
these structures place on broker independence by providing increased operational
freedom to their affiliated brokers.
The choice of partnering a distribution network needs to be supported by the
following:
• The choice of partner
• A cost-benefit analysis
• The timing of entering the partnership
• The resources and supporting structures
• The communication of the change
• The preparation for the change
• An approach in support of the partnership
Partnering with a network is a strategic initiative as it involves outsourcing what was
previously thought to be a core function of the insurer. This change in approach
impacts many of the current structures and various people at all levels of the
operation. How to approach partnering and implementing a model to support
outsourcing to external distribution networks is dealt with in this study.
The success of partnering with external distributors is reliant upon eight identified
critical factors. These relate to:
• fit, management, formalities and relationships of the partnership
• systems, processes and support structures in support of the partnership
• management of risk, control and growth within the partnership.
The changing business environment will continue to increase the attractiveness of
distribution networks to brokers. A shift in distribution capacity demographics
towards distribution networks can thus be expected. In order to maximise their
distribution capacity life insurers will need to embrace the change and adapt their
approach towards the partnership. Without understanding, managing and finding
solutions to each of the critical success factors (CSFs) an insurer will find it
extremely difficult competing and increasing market share within the distribution
network.
The findings indicate a realistic probability that insurers are able to adapt to the
changing environment. This however requires a change in style of management
from one of control towards one of influence. Effectively, each partner should be
treated as partners.
11
Shieh, Jinq Wen, and 謝靜雯. "Competitive Strategy of Life Insurance Companies." Thesis, 1997. http://ndltd.ncl.edu.tw/handle/77882516715743303015.
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Chou, szu-chi, and 周思錡. "Merger of Taiwan Life Insurance Companies." Thesis, 2014. http://ndltd.ncl.edu.tw/handle/18604489291267313334.
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碩士<br>國立雲林科技大學<br>財務金融系<br>102<br>The Taiwanese government enacts “financial holding company law” in 2001 and conduct secondary financial reforms in 2004. Hereafter, many Taiwanese financial companies, including banks, securitiy and insurance companies, set up financial holding companies through merge and acquisitions. The subprime mortgage financial crisis of 2007 and European financial crisis led to numbers of foreign financial institutions failing and triggered the organization structure reform of Taiwan’s financial institurions. This study analyzes the pre-acquisition and post-acquisition performance of Taiwanese life insurance companies. The results show that the return on assets and net profit increase and the number of employee significantly decrease after merge.
13
Bigodinho, Joana Ricardo. "Predictive Underwriting in Life Insurance Companies." Master's thesis, 2022. http://hdl.handle.net/10362/135870.
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Project Work presented as the partial requirement for obtaining a Master's degree in Statistics and Information Management, specialization in Risk Analysis and Management<br>O desenvolvimento e o avanço tecnológico têm tido um impacto relevante na vida da população, nas
mais diversas áreas de interação, principalmente no que toca a atividades de proteção da vida da
população e de aforro de capitais. Cada vez mais a população se desprende dos métodos tradicionais
e dá preferência a novas técnicas, onde prevaleçam processos mais ágeis e capazes de dar resposta no
momento. Neste sentido, na atividade seguradora, torna-se imprescindível o acompanhamento desta
necessidade.
Atualmente, cerca de 50% da população portuguesa contratou um seguro de vida, quer sejam ligados
a fundos de investimentos, crédito à habitação ou não. Muitos estudos desenvolvidos nesta área,
demonstram que existem fatores determinantes na tomada de decisão para efetuar um seguro de
vida, tais como a nível demográfico, económico e institucional. Por este motivo, este projeto pretende
analisar, através da implementação de modelos preditivos, os principais fatores de risco que facilitem
o processo da tomada de decisão, quer na visão da entidade seguradora como do segurado, garantido
um processo de subscrição mais ágil, eficaz e confiável.
Assim, analisou-se modelos de Predictive Underwriting em produtos de vida risco. Para tal, foram
analisados os principais fatores de risco, através da aplicação de modelos preditivos na base de dados
de uma carteira de produtos de vida risco, com indicadores do presente e do passado, utilizando um
histórico de 2 anos fornecido pela entidade seguradora, onde se identificaram as variáveis de
subscrição mais correlacionadas e significantes. Este projeto realizou-se com o acompanhamento da
área técnica do negócio vida da companhia de Seguros Fidelidade, tento sido aplicado à sua carteira
de Vida Risco.
Ao longo deste projeto foi possível constatar que existem diversos fatores que são avaliados no
momento da subscrição de um seguro de vida que não acrescentam informação essencial à avaliação
de risco, assim como o reverso também acontece. Foram então identificados, dentro dos fatores
atualmente considerados, aqueles que maior impacto têm na aceitação do risco. Para além disso,
foram também sugeridos fatores determinantes de risco que não estavam a ser considerados. Através
do desenvolvimento e implementação deste modelo, pretende-se que o processo de subscrição seja
o mais assertivo possível contribuindo para uma redução do risco adquirido e com uma redução
considerável no tempo despendido para a avaliação do risco de cada cliente.<br>Technological development has a relevant impact on the lives of the population, in the most diverse
areas of interaction, especially about life protection and capital savings activities, it is essential to keep
up with this need of the population. Nowadays, the population is letting go the traditional methods
and giving preference to new techniques, more agile processes prevail and can respond at the
moment. Thus, it is essential that Insurance Activity follow this new demand of the population to
benefit from faster and more efficient processes.
Currently, about 50% of the Portuguese population has a life insurance, whether they are linked to
investment funds or not. Many studies developed in this area show that there are determining factors
in the decision to take out life insurance, such as demographic, economic, and institutional levels. For
those reasons this project pretends analyze, with predictive models, the mains factors that facilitate
the decision-making process by the insurance company, in order to evaluate the risk more quickly and
efficiently.
Thus, this project pretends to analyze a Predictive Underwriting model in life risk products. For this,
the main risk factors will be analyzed, through present and past indicators, using a 2-year history
provided by the insurance company, looking for the most correlated and significant underwriting
variables. This project will be carried out with attendance from the life technical area at Fidelidade
Insurance Company and applied to its life risk portfolio.
Throughout this project, it was possible to see that exists several factors that are evaluated when
taking out a life insurance policy, that do not add essential information to the risk assessment, as well
as the reverse also occurs. Among the factors currently considered, those that have the greatest impact
on risk acceptance were identified. Furthermore, it was also suggested other determining risk factors
that were not being considered at the moment. Subsequently, through the development and
implementation of this model, it is expected that the underwriting process will be as assertive as
possible and with a considerable reduction in the time spent on risk assessment for each customer.
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Chiu, Yi-Jing, and 邱怡菁. "The Development of Mobile Insurance in Taiwan Life Insurance Companies." Thesis, 2015. http://ndltd.ncl.edu.tw/handle/12674764647988049489.
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碩士<br>逢甲大學<br>風險管理與保險學系<br>103<br>The research is about the development of Mobile Insurance in Taiwan life insurance companies. By visiting and interviewing salespeople, we can know that the situation of Mobile Insurance and the benefits it bring. We also understand the difficult in their APPs exploiting, promotion and then how to solve those difficulties. Mobile Insurance brings life insurance companies many benefits, the most obvious point is that the cost of human resource because it causes labors reallocation. The most difficult of all is developing APPs, creating APPs is good for salespeople with higher stability are the most necessary to resolve for life insurance companies because APP is an important role in developing Mobile Insurance for life insurance companies. Finally, giving two pieces of advice to life insurance companies via the study. First, let salespeople to accept new sales pattern in progressive way. Second, the task of creating APPs must be conducted by IT department in life insurance companies. It makes data connects smoothly and would be convenient for salespeople.
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Tsai, Jeffrey Tzu-Hao, and 蔡子晧. "Hedging Longevity Risk for Life Insurance Companies." Thesis, 2008. http://ndltd.ncl.edu.tw/handle/05634705539081336887.
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博士<br>國立臺灣大學<br>財務金融學研究所<br>96<br>The longevity impacts human sociality including insurance companies and individuals. The demand for annuity product increase rapidly for individuals but issuing the annuity-type product pushes the insurance company in extreme high longevity risk. This risk is systematic and non-diversifiable by the Low of Large Number method. We provide two new methods to against this risk by the concept of nature hedging of annuities and life insurances. On is the Duration Match approach, another is Quantile Liability Allocation (QLA) approach. Both strategies reduce the longevity risk effectively and provide the insure companies with an optimal liability allocation at the same time.
In Part I, we hedge annuity product risk with life insurance and find the optimal hedging proportion under Duration Match approach. Different to Cox and Lin (2007) swap approach, the proportion formula is derived by effective duration and has an analytic formulation. The mixed proportions under different age, gender, coverage and method of payment are explored numerically. Part II incorporates the mortality nature hedging strategy of Cox et al. (2007) and the two-factor stochastic mortality model of Cairns et al. (2006b). We propose a quantile liability allocation (QLA) method for insurance companies to hedge against mortality systematic risk. We integrate the risk premiums loadings of systematic risk into the model by Sharpe Ratio Pricing Principle suggested as Milevsky et al. (2006). The QLA model can lead to an optimal liability structure that has smaller quantiles under the required loading return and a multiple liabilities framework. We compare the hedging results to duration match method of Wang et al. (2008) and show that QLA method have a better distribution risk reduction effect when the mortality shift are non-parallel. The parameter uncertainty could be included into the model as well.
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Tsai, Jeffrey Tzu-Hao. "Hedging Longevity Risk for Life Insurance Companies." 2008. http://www.cetd.com.tw/ec/thesisdetail.aspx?etdun=U0001-1507200822455800.
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Ning, Szu-Chi, and 甯思齊. "Determinants of Profitability of Life Insurance Companies." Thesis, 2019. http://ndltd.ncl.edu.tw/handle/23jc7r.
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碩士<br>國立臺灣科技大學<br>企業管理系<br>107<br>The purpose of this research is to discuss the determinants of profitability of life insurance companies in Taiwan. The research examined whether the theory of “three factors of profitability” and being a subsidiary of financial holdings would influence the profitability of life insurance companies or not.
The samples used in this research were the life insurance companies in Taiwan (30 companies), covering the period 2008-2017 (ten years). The samples were unbalanced panel data with 222 firm-years. The research used loss ratio and reinsurance ratio to measure the risk of mortality, rate of return of investment to measure the investment performances, operating expense ratio and commission expense ratio to measure operating efficiency, and a dummies variable which represented being a subsidiary of financial holdings.
The result of this research showed that only investment performances and operating efficiency significantly influence the profitability of life insurance companies in Taiwan. And whether the insurance companies are subsidiaries of financial holdings or not didn’t significantly influence the profitability of the firms.
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Wang, Xiaojie. "Introduction to statutory reserves in life insurance companies." Thesis, 2011. http://hdl.handle.net/2152/ETD-UT-2011-05-3097.
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Statutory reserves in life insurance companies are required by regulation laws. Regulators monitor insurers’ statutory reserves to protect policy holders’ future benefits and ensure the insurers are financially healthy. The purpose of this report is to give a brief introduction to statutory reserves in life insurance companies. In this report, assumptions and valuation methods for statutory reserve valuations are explained and discussed. The comparisons between statutory reserves and GAAP reserves are also discussed.<br>text
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CHEN, CHUN-HUNG, and 陳俊宏. "A Study of Key Factors of Insurance Brokers Choosing Life and Non-life Insurance Companies." Thesis, 2018. http://ndltd.ncl.edu.tw/handle/48993n.
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碩士<br>國立高雄第一科技大學<br>風險管理與保險系碩士專班<br>106<br>Legally speaking, insurance brokers are intermediary agents for insurance buyers. Insurance brokers must thus make meticulous evaluations in the selection of property, casualty and personal life insurance companies for their clients. This study focuses on the selection criteria used by insurance brokers when selecting these kinds of insurance companies. Questionnaires were sent out to professional insurance brokers from both the sales and administrative sides of the insurance industry. These subjects were selected via purposive sampling. A total of 226 completed questionnaires were collected. Empirical results applied analytical methods such as t-test for independent sample, single factor variation and exploratory factor analysis. Analysis of the data suggests that dimensions like “product orientation”, “service orientation” and “company brand orientation” impacted how insurance brokers select insurance companies. Among these dimensions, factors like product design, commission rates, sales expectations, overall effectiveness (e.g. underwriting, insurance claims, customer service), auxiliary marketing, and company branding all have an effect on how insurance brokers select insurance companies for property, casualty, and personal life insurance. By focusing on these factors in operations and marketing, insurance companies try to create a win-win situation for insurance brokers, companies, and clients. Brokers are thus incentivized to work with these insurance companies, them more business.
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HSIEH, WAN-CHEN, and 謝宛真. "Person Accident Insurance and Financial Performance :Evidence from Non-Life Insurance Companies." Thesis, 2016. http://ndltd.ncl.edu.tw/handle/sz3t4e.
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碩士<br>國立中央大學<br>產業經濟研究所在職專班<br>104<br>Personal Accident Insurance and Financial Performance: Evidence from Taiwan Non-Life Insurance Companies.
Abstract
The purpose of this study is to measure the financial performance of fourteen Taiwan non-life insurance companies by using annual statistics from 2007 to 2013. This study chose eight explanatory variables from other studies and two explanatory variables by me. The two explanatory variables are the ratio of personal accident insurance and the non-life insurance companies operating with the life insurance companies or not. This study also applied the panel data regression with fixed effect to the impact of financial performance.
The empirical results indicate:
1. The ratio of reinsurance, return on investment, operating with the life insurance companies or not, and economic growth rate had a positive and significant effect on return on assets. The ratio of loss, financial leverage, and the years in business had a negative and significant effect on return on assets.
2. The ratio of reinsurance, return on investment, operating with the life insurance companies or not, and economic growth rate had a positive and significant effect on return on equity. The ratio of loss had a negative and significant effect on return on equity.
3. The ratio of personal accident insurance, financial leverage, the years in business had a positive and significant effect on operating profit ratio. The ratio of reinsurance and assets had a negative and significant effect on operating profit ratio.
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Chen, Chiu-ling, and 陳秋伶. "The Research of the Asset Allocation Perfomances in Life Insurance Companies - The Samples of Cathay Life Insurance and Shin Kong Life Insurance." Thesis, 2006. http://ndltd.ncl.edu.tw/handle/47871229012604834430.
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碩士<br>國立中山大學<br>財務管理學系研究所<br>94<br>The domestic life insurance industry at present is in the steep competition situation. With the fund accumulated rapidly, which investment strategy the life insurance company should take is very important. Law of Insurance 146th puts the restriction on the investment upper limit of the life insurance company. This research will discuss the influence of this investment restriction on life insurance companies’ asset allocation by the samples of Cathay Life Insurance and Shin Kong Life Insurance, and also evaluate the performances of these two life insurance companies. Moreover, under the investment restriction, this research compares the investment rates of return between the optimal portfolios by different portfolio performance measures and the actual portfolios of the two life insurance companies and also shows that which portfolio performance measure is more suitable for life insurance companies to contribute to the decision-making of the life insurance companies about asset allocation.
This research utilizes the Efficient Frontier that is inferred from the Markowitz’s portfolio selection model to apply on the Sharpe measure and the IRp measure to achieve the research’s goal mentioned above.
The conclusions of this research are as follows: 1. Evaluated by the Sharpe measure, whether there is the investment restriction or not, the difference is small；Evaluated by the IRp measure, then there is the higher expected rate of return and better diversification with no investment restriction. 2.The actual rates of return of Cathay Life Insurance and Shin Kong Life Insurance are below the expected rates of returns of their portfolio evaluated be the Sharpe measure and the IRp measure. Moreover, This two measures show that Cathay Life Insurance has the better investment performance then Shin Kong Life Insurance. 3. Under the investment restriction, the differences between the expected rates of return of the optimal portfolio whether by the Sharpe measure or the IRp measure and the investment rates of return of the actual portfolio of these two companies are caused by the influence of the macro economy. 4. If there is no investment restriction, the optimal portfolio of the IRp measure has the better diversification that fits the conservative character of the life insurance companies.
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Chan, Liang-chun, and 張良純. "A Study of Management Efficiency for Life Insurance Companies." Thesis, 2006. http://ndltd.ncl.edu.tw/handle/ttsd3y.
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碩士<br>朝陽科技大學<br>保險金融管理系碩士班<br>94<br>The thesis mainly discusses that when financial environment has changed, whether listed and non-listed or holding and non-holding life insurance companies or not makes differences in management efficiency from 2000 to 2004. Uses Data Envelopment Analysis in this study. Input variables include the number of staff members, the number of sales forces, and the business management expenses. , while the output variables include augmentation of reserve, financial revenues, consist of premium from new policies, and premium from continuing policies. Uses CCR and BCC models of Data Envelopment Analysis, observes management efficiency changes for life insurance companies, and advances improve space for opposite inefficiency life insurance companies. Then, uses Malmquist productivity index analyze total factor productivity changes. Finally, Mann –Whitney test is used to inspect if there is any difference of management efficiency between listed and non-listed, holding and non-holding life insurance companies. The results show if decreasing returns to scale in life insurance companies occurs, management efficiency could be improved by method of downsizing the operating scale, On the contrary, enlarging scale of business operation could make management efficiency better. If reduction of wasting human resources could be done, the input variables would be utilized completely. Total factor productivity nearly grow up in life insurance companies whose partial productivity show uptrend is due to the growth of technical change, that means their production management has became better. Between listed and non-listed, holding and non-holding life insurance companies, no obvious differences could be seen among technical efficiency, pure technical efficiency, and scale efficiency.
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Wu, Fei-Mei, and 吳飛美. "Competitive Strategy and Efficiency in Taiwan Life Insurance Companies." Thesis, 2008. http://ndltd.ncl.edu.tw/handle/79ppe9.
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碩士<br>東吳大學<br>商用數學系<br>96<br>In order to investigate the better strength of Taiwan life insurance companies in the highly competitive integrated financial markets, the Stochastic Frontier Approach of Battese and Coelli (1995) is used to evaluate the impacts of competitive strategies on the efficiency of local insurers for the years 2004-2006. Results show that the financial holding insurers seem to have greater efficiency than those of not from financial holding companies due to the better-integrated financial service offers. The more customized product offer results in greater efficiency than a diversification across multiple product lines. While increased market shares in the life insurance market is reflected in lower efficiency. How to better control the costs of agency channel and further expand alternative channels is the fundamental element to improve better operating efficiency.
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Chen, Chiang-Hsuan, and 陳薔瑄. "Measuring Managerial Efficiency of Life Insurance Companies in Taiwan." Thesis, 2008. http://ndltd.ncl.edu.tw/handle/6ns675.
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碩士<br>國立高雄第一科技大學<br>風險管理與保險所<br>96<br>Using data from 1997 to 2006, this paper discusses the performance efficiency of Taiwan’s life insurance companies. We employ the Translog function to estimate the economies of scale and scope and found no economies of scale in life insurance companies while the scope are significantly less than zero for reserves with loan and gross premium income respectively. In addition, we use the Data Envelope Analysis to find the causes of inefficiency in life insurance companies. The empirical results show that the inefficiency derives mostly from pure technical inefficiency. There should be more efforts devoted to the improvement of the managerial ability and operations. Furthermore, financial holding life insurance companies are more efficient than non-financial holding life insurance companies while foreign life insurance companies posses better pure technical efficiency than local life insurance companies. The scale efficiency of older local life insurance companies is better than that of new local life insurance companies.
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Yu, Hsiang-Lien, and 余香蓮. "The impact of IFRS4 on Taiwan life Insurance Companies." Thesis, 2014. http://ndltd.ncl.edu.tw/handle/z3xz7a.
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碩士<br>國立高雄應用科技大學<br>金融資訊研究所<br>102<br>Taiwan implements IFRS (International Financial reporting Standards referred to as IFRS) in 2013. The insurance industry, for its special accounting principle, started to apply the TW GAPP 40 bulletin “insurance contract” in the first quarter of 2011. The TW GAPP 40 follows the design of IFRS 4 (as the first stage). In January 1, 2012 the insurance industry fully implemented the IFRS 4.
In this paper, we explore the life insurance company listed in Taiwan stock market to examine the impacts of adopting IFRS 4 on firms’ financial conditions and earnings. Besides, we analyze how stock market responds to the implementation of IFRS 4 by the event study.
As expected, the shareholders' equity for most of the insurance companies analyzed is increased after the implementation of IFRS 4. For event study we find the average abnormal return on the event day is significantly negative, while the cumulated abnormal returns are positive for all periods before event day. It implies that the investors may overreact before the event day. Besides, in the short run the cumulated abnormal return after the event day is also significantly positive.
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Liao, Jun-jie, and 廖俊傑. "The Operating Performance of Life Insurance Companies in Taiwan." Thesis, 2009. http://ndltd.ncl.edu.tw/handle/67636212331998174528.
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碩士<br>國立雲林科技大學<br>財務金融系碩士班<br>97<br>This study uses 22 insurance companies from 1998 to 2007 as samples to study the efficiency of Taiwan’s insurance industry. Using CCR and BCC models of Data-Envelopment Analysis (DEA), "The number of office staff", "the number of personal insurance payments", "operating expenses" and "operational management costs" are selected for the input variables. "Premium income", "personal insurance valid contracts", "operating income" and "financial income" are selected for the output variables. Slack Analysis is also utilized to observe the weakness for the inefficient companies. The sample is divided into four types: the life insurance companies under financial holding companies, domestic insurances with foreign direct investment, pure domestic life insurance companies and subsidiaries of foreign insurance. Malmquist Productivity Index is further utilized to compare the annual improvement between the different types of insurances. The results show:
一、The results of Data-Envelopment Analysis
The size of life Insurance Company is not directly related to operating efficiency. Only four life insurance companies are relatively effective compared to other insurance companies.
二、The results of Malmquist Productivity Index
The establishment of financial holding companies event in year 2000 has bring the overall improvement in operating efficiency in insurance industry. The deregulation of dividend payment insurance policy in year 2002 made the pure local life insurance companies and subsidiaries of foreign life insurance companies have lower productivity rate than other two types of insurance companies.
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Wang, Chih-Lin, and 王志麟. "A Study on Taiwan Life Insurance Companies’ Asset Allocation." Thesis, 2007. http://ndltd.ncl.edu.tw/handle/54440798057558116375.
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碩士<br>國立雲林科技大學<br>財務金融系碩士班<br>95<br>ABSTRACT
As we know life insurance company makes money from both asset allocation and operation. The proportion of finance income to operation income is 85% to 15% in Taiwan. So both asset allocation and daily investment operation are important for life insurance company, and drive the profit of life insurance company.
Today, Taiwan life insurance companies face professional international competitors, they need to increase their investing skills for good performance. In these years, low interest rate shocked all life insurance companies in Taiwan and pushed them to change their products and asset allocations.
Besides, asset size and regulations also affect life insurance company asset allocation. This thesis tries to figure out how to change of life insurance companies’ asset allocation in Taiwan during these years and bring suggestions to the firms.
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HUANG, LI HSUEH, and 黃麗雪. "Distribution Channels and Consumer Complaints in Life Insurance Companies." Thesis, 2015. http://ndltd.ncl.edu.tw/handle/92018775190066220022.
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碩士<br>銘傳大學<br>風險管理與保險學系碩士在職專班<br>103<br>The distribution channels of the life insurance company can be divided as traditional sales-representative and non-sales-representative which is mainly formed by bancassurance. Although sales representative may supply better service quality by interacting with consumers closely, the research of whether different channels would produce different service quality is still lacking. We use the complaint rate as an indicator of service quality and analyze the impact of distribution channels on the complaint rate. We find sales-representative relative to non-sales-representative induce lower complaint rate, especially for the type of insurance which need additional service after sales.
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Chou, Pei Ying, and 周沛穎. "Input Congestive Efficiency of Life Insurance Companies in Taiwan." Thesis, 2016. http://ndltd.ncl.edu.tw/handle/82258059486954537864.
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碩士<br>國立交通大學<br>管理學院經營管理學程<br>104<br>This paper uses the input-congestion data envelopment analysis model to investigate a total of 26 life insurance companies in Taiwan during 2010-2014. There are two inputs (capital and premiums) and two outputs (insurance revenues and financial revenues). The number of input-congestive life insurance companies is decreasing from 5 in 2010 to 2 in 2014.
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VO, THI MAI HUONG, and Vo Thi Mai Huong. "Performance Evaluation of Non-life Insurance Companies in Vietnam." Thesis, 2019. http://ndltd.ncl.edu.tw/handle/5my2qc.
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碩士<br>國立臺北科技大學<br>管理學院外國學生專班<br>107<br>This thesis aims to study the performance of non-life insurance market in Vietnam from 2011 to 2016. We collected a total 8 domestic non-life insurance companies in Vietnam. We used CCR and BCC models of Data Envelopment Analysis (DEA) approach to analyze the data and study the impact of domestic non-life insurance firms to the market. This research also indicates that the performance of large companies is higher than that of small companies. Basically, large companies occupy most of the market share. Furthermore, they have higher capacity to take high-risk property businesses than small companies. This study also contributes to the existing research in non-life insurance firms in several ways. Firstly, it enables the management of insurance companies to assess, manage and achieve optimal strategies in view of excessive market competition. Besides, it demonstrates the current performance of the non-life insurance market, allowing governmental bodies to introduce proper future policies.
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Wen, Yi-Liang, and 溫翊良. "The Analysis of Taiwan Life-insurance Companies to Enter the China Insurance Market." Thesis, 2001. http://ndltd.ncl.edu.tw/handle/57855726721943146966.
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碩士<br>淡江大學<br>國際貿易學系<br>89<br>As Mainland China is becoming a member of the World Trade Organization, it has to follow the WTO rules to liberalize its financial system including the insurance market. Following the prosperous of economy and the openness of its financial sector, China’s insurance market, in particular in life insurance sector, has shown a great potential of business for foreign insurance companies. However, there still are a lot of obstacles for foreign, including Taiwan, insurance companies to enter this great market. Therefore, how to enter China’s insurance market and establish strong position in this market has become a interesting issue for Taiwan insurance companies. Thus, the purpose of this thesis intends to explore the obstacles and strategies for Taiwan insurance companies to enter China’s insurance market. To serve this purpose, this thesis first will discuss the increasing competition, both internationally and domestically, in Taiwan’s life-insurance companies market. Then the potential of China’s insurance market will be analyzed. The entry and operational barriers for Taiwan and foreign life-insurance companies in this great potential insurance market and strategies to confront these obstacles will be also examined. Finally, this thesis concludes Taiwan life-insurance companies shall cooperate with foreign insurance companies or China’s banks by using strategic alliance to enter China’s insurance market in order to establish a strong position in this market.
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Hsieh, Hui-Ling, and 謝慧齡. "The Investigation on Non-Life Insurance Companies Operating Commercial Health Insurance in Taiwan." Thesis, 2009. http://ndltd.ncl.edu.tw/handle/48464477104220837910.
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碩士<br>淡江大學<br>保險學系保險經營碩士班<br>97<br>Non-life insurance companies are approved to operate in health insurance since Insurance Act revised on July 18, 2007. However, property-liability insurers issuing health insurance still have a lot of problems need to further investigate. For example, non-life insurers could misprice the health insurance premium because they are not familiar with morbidity table. Moreover, if non-life insurers always use low-price strategies to expand their market share, it could increase the probability of insolvency.
Non-life insurance companies are temporarily approved sell one-year term health insurance policy without guaranteed renewable. However, the provision of Article 138 of the Insurance Act keeps the possibility that property-liability insurers sell the health policies with guaranteed renewable clause in the future. The purpose of this paper investigate the impact of non-life insurance industries operate guaranteed renewable health insurance policy. Then, we adopt the National Health Insurance Research Database (NHIRD) to calculate the health insurance premium and compare our results with two selected non-life insurance companies The paper concludes with a discussion of possible threats that guaranteed renewable policy for the non-life insurance industries.
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Huang, Yu-Chieh, and 黃宇婕. "Establishing Whistleblower Protection System in Insurance Companies- A Reflection of Singfor Life Insurance." Thesis, 2018. http://ndltd.ncl.edu.tw/handle/55nnt7.
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碩士<br>國立交通大學<br>科技法律研究所碩士在職專班<br>106<br>Nowadays, the financial industry has become an important industry that gathers huge amounts of funds and affects people’s livelihood. Whether it is banks, insurance or securities, it is closely related to the economic activities of the general public. When a major corruption case occurs, it will not only damage the interests of the company’s business operators and shareholders, but also endanger the general public, or even trigger systemic risks. In recognition of its seriousness, the competent authorities not only supervise the financial industry, but also invest a large period of cost to curb unlawfulness and maintain the financial order. However, although the Financial Supervisory Commission (FSC) has taken many measures to supervise the financial industry, they are still unable to eliminate such major financial crimes as the Singfor Life Insurance case.
Considering the immense influence of the financial industry on the social and economic conditions, countries in the world have taken the whistle system and the concept of risk-graded management as tools to control the risks. FSC is also aware of the necessity of adopting such a method. This paper will analyze the case of a major financial crime case that actually occurred in the life insurance company, and through qualitative interviews, explore the possibility and expected benefits of the “whistleblower” system as an alternative or additional tool of supervision. The whistleblower's perspective considers the problems that may be encountered in the establishment and implementation of the whistleblower mechanism, and the corresponding responses. It attempts to evoke and give recommendations to FSC on system designs. By doing so, try to improve the insurance industry operating environment in Taiwan, the effectiveness of the competent authority of supervision, and in line with the goal of the global risk management hierarch.
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Pei-Chuan, Liou, and 劉珮娟. "Research Study on Sales Agents Character Traits and Personality for Life Insurance Companies-Based on Foreign Life Insurance." Thesis, 2005. http://ndltd.ncl.edu.tw/handle/40706594856584079579.
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碩士<br>輔仁大學<br>應用統計學研究所<br>92<br>The purpose of this research thesis is to study the traits and personality of Sales Agents in a Foreign Life Insurance Company based in Taiwan. This research thesis will study and illustrate the differences in sales performances of Sales Agents with different traits and personality. The research thesis will begin with a detailed analysis of the Sales Agent’s personality, divided into three main categories, which include, Extraversion, Openness and Neuroticism and further divided into two main clusters which include, Enthusiasm and Optimism. For the purpose of this research thesis raw data is collected and then divided into 17 layers proportional stratified method is used Using proportional stratified sampling method raw data collected is divided into 17 layers for analysis.
This research thesis will aid Insurance companies in selecting the right kind of sales agent for their sales for recruiting purposes. The results of this research thesis are as follows:
1. Through Factor Analysis research results shows that agents who possess a high score in extraversion has shown a tendency to perform well in their work and sales performance.
2. Based on Sales Results, Female Agents tend to produce better sales results when compared to their male counterparts. Agents who are married also have a tendency to perform better than their single counterparts, while single counterparts shows a higher score in overall work satisfaction and exterior satisfaction than married agents. Agents above 50 years old possess the highest score for in exterior satisfaction when compared to all other agents. Based on the results on Work Satisfaction, agents with a lower education level (High School and Below) tend to indicate a higher work satisfaction result when compared to those who posses a higher education level (College and above).
3. This research thesis has unveiled several significant differences with regards to traits and characteristics that correlates with one another. The research has discovered that sales performance has a positive correlation to extraversion, Neuroticism and openness correlates positively to overall satisfaction and Contract Rank Level correlates directly to sales performance.
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Wu, Chung Long, and 吳宗龍. "The Effect of Employee Training on Performance-Cases of Mercuries Life Insurance and Nan Shan Life Insurance Companies." Thesis, 2019. http://ndltd.ncl.edu.tw/handle/wk3vaj.
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碩士<br>國立雲林科技大學<br>財務金融系<br>107<br>The labor market of insurance business is marked as having high employee turnover.At the same time, the insurance companies emphasize customer service and the high employee turnover may cause the low retention rate of insurance and high operating cost.Therefore, how to reduce employee turnover through employee training program is an important issue for insurance industry.This study uses the sample of Sanshang Meibang Life Insurance and Nanshan Life Insurance to conduct the analysis.Our results show that higher training expenses relates to higher employee stability and performance.
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Yuan, Lee Lih, and 李俐圜. "Prevention of Insurance Abuses--with a Focus on Healthy Operation of Life Insurance Companies." Thesis, 2008. http://ndltd.ncl.edu.tw/handle/sz6zhx.
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Huang, Hai-pin, and 黃海斌. "The Effect of Sellers’ Characteristics on Insurance Commodities Sales in Taiwan’s Life Insurance Companies." Thesis, 2008. http://ndltd.ncl.edu.tw/handle/24305076867857597122.
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碩士<br>國立高雄第一科技大學<br>風險管理與保險所<br>97<br>ABSTRACT
This research explored sampling data of sellers’ characteristics from a well-known insurance company and exhibited the relationship among gender, age, number of sale, education background, seniority, job level and location of insurance commodities sales. And logistic regression was applied to analyze the sells’ feat in Taiwan. Results revealed that there was a greater probability of good feat for higher age, number of sale, education background and seniority, specifically. However, there was a less probability of good feat for higher job level. Finally, from the location of insurance commodities sales, there was a greater probability of good feat for Kaohsiung City and Kaohsiung County.
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kao, Szu-Lung, and 高泗龍. "Strategic Analysis of Investment-Linked Insurance via Sales Channel in Traditional Life Insurance Companies." Thesis, 2008. http://ndltd.ncl.edu.tw/handle/03148324748796705859.
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碩士<br>元智大學<br>管理研究所<br>96<br>We were motivated to analyze and find out what the major obstruction traditional insurance companies face, as the sales of investment-linked insurance has become dominating the life insurance market. While most insured would like a large portion of their premium to be allocated to fund investment, the compensation to brokers from this part is much less compared with the commission they get from sales of traditional life insurance. How insurance companies compensate the brokers and balance the sales of products in between traditional life insurance and investment-linked insurance becomes even critical to motivate sales growth, satisfy customers, and sustain employee loyalty. By using Porter’s Five Forces Analysis and the SWOT analysis in both industry analysis and the case study, we conclude that to startup an offshore asset management company so as to run the offshore fund may provide one feasible solution to this problem.
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Tang, Chi-Tai, and 唐麒泰. "Determinants of Reputation Evaluation of Life Insurance Companies in Taiwan." Thesis, 2013. http://ndltd.ncl.edu.tw/handle/11312667265872405441.
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碩士<br>國立交通大學<br>管理學院經營管理學程<br>101<br>This thesis investigates the factors of reputation evaluation of life insurance companies in Taiwan. A dataset of thirty-three life insurance companies in Taiwan during 2007 to 2011 is constructed. The simple and multiple regressions are then used for estimation. The major empirical findings in simple regression approach are as follows: The factors of the life insurance companies, which include market share, claim, claim service, and salesman service satisfaction, and visibility, have significantly positive effects on reputation of life insurance companies in Taiwan. Foreign ownership and appeal rate have significantly negative impacts on reputation. The major empirical findings in multiple regression approach are as follows: Salesman service satisfaction and market share have significantly positive relationship with a life insurance company’s reputation evaluation. Based on our empirical findings, professionalism and service are the most important factors for increasing reputation.
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Lin, Hsiu-Chen, and 林秀珍. "Factors affecting the investment of life insurance companies in Taiwan." Thesis, 2013. http://ndltd.ncl.edu.tw/handle/86953344445727595655.
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碩士<br>國立高雄第一科技大學<br>風險管理與保險研究所<br>101<br>This paper is written mainly to study the impact of the financial tsunami in 2008 on the life insurance sector in Taiwan. As a result, the sector’s sales performance during 2005 ~ 2007 in terms of the total investment amount was used to compared with that during 2010~2011.
The study concluded that:
1.the total investment amount was positively correlated to company asset size. but negatively to either average yearly claims expenses.
2.The relatively larger asset-sized life insurance companies gained less the total investment amount after the financial tsunami than after the financial tsunami.
3.the total investment amount annual growth rate was positively correlated to financial leverage and current ratio,
4.The relatively larger asset-sized life insurance companies gained less the total investment annual amount growth rate before the financial tsunami than after the financial tsunami.
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Yang, Mei-Chuan, and 楊美娟. "The Study of Performance Evaluation on Taiwan Life Insurance Companies." Thesis, 2017. http://ndltd.ncl.edu.tw/handle/04189847318290454522.
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碩士<br>國立臺北大學<br>國際財務金融碩士在職專班<br>105<br>This paper aims to explore the factors that affect the performance of eleven Taiwan's life insurance companies (TLI) and evaluate their performance ratings. A total of 24 quarterly observation, ranging from 2011/Q1 to 2016/Q4, were collected. The purposes of this study are (1) to study the relative key factors in evaluating TLI; (2) to investigate the performance grouping accuracy of TLI; (3) to examine whether there are significant differences in key factors among different groups; (4) to compare the performance evaluation rankings of TLI. The paper selects fifteen financial ratios as performance indicators, and extracts five factors using factor analysis. The 5 factors are profitability index (F1), growth potential index (F2), productivity indicators (F3), Value index (F4) and after-tax net profit growth rate indicators. By using cluster analysis, discriminant analysis and other statistical methods, the TLI operating performance evaluation model are established. The conclusions are as follows:
(1) Five factors were extracted and named by using factor analysis and the cumulative explanatory power is 78.47%. Four groups with the best statistical effects were derived by cluster analysis. (2) The overall model predictive accuracy is 96.15% by using discriminant analysis, indicating the model has high predictive capability. (3) The tests of general linearity model (GLM) show that there are highly significant differences in the five factors among four different groups. (4) This study ranks the performance of 11 insurance companies during 2013 to 2016. The research results could provide early problem detection for insurance companies, so that in-depth investigation and adjusted solutions could be made.
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Mei-Hsien, Lu, and 盧美憲. "The Financial Performance of Non-Life Insurance Companies in Taiwan." Thesis, 2016. http://ndltd.ncl.edu.tw/handle/88026964726516305845.
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碩士<br>淡江大學<br>保險學系保險經營碩士班<br>104<br>This paper adopted data envelopment analysis (DEA) and the Malmquist productivity index to evaluate the financial efficiency of 17 non-life insurance companies in Taiwan for the period 2008 to 2014. In addition, this paper used the Tobit regression method to examine the factors that may influence the financial efficiency of non-life insurance companies. Finally, based on the empirical results of financial efficiency and a management decision matrix, the assessment of the competitive strategy was provided for 17 non-life insurance companies of Taiwan.
The results revealed that financial efficiency can be explained by Leverage, Market share, Date established and Group. Both Leverage and Data established have a negative relationship with efficiency value; Market share and Group have a positive relationship with efficiency value. We also find five non-life insurance companies have higher efficiency of financial performance than other companies in 2014, and their total productivity are better than other companies for the period 2008 to 2014.
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Chen, Yi-ru, and 陳億如. "A Study of Profitability of Life Insurance Companies in Taiwan." Thesis, 2012. http://ndltd.ncl.edu.tw/handle/48812653871761986683.
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碩士<br>國立高雄第一科技大學<br>風險管理與保險研究所<br>100<br>This research applies factor analysis, cluster analysis, and regression analysis to evaluate the financial rates of 24 Taiwan life insurance companies from 2008 to 2010, The empirical results are : First, apply factor analysis to reduce financial rates into two indices, which are defined as “profitability” and “invest performance index”, then apply cluster analysis to cluster life insurance companies into three clusters by the two indices, and apply ANOVA to analyze and compare the diversities between these three clusters. Second, adding three operation capability independent variables and apply regression analysis to explore the relations between operation capability and profitability, we find that the profitability can be effectively predicted by market share, debt to capital ratio, and capital utilization rate, it shows that market share is positively related to profitability and capital utilization rate is negatively related to profitability.
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何宜珍. "Finite Reinsurance Research On Strengthening Capital of Life Insurance Companies." Thesis, 2018. http://ndltd.ncl.edu.tw/handle/euhgfu.
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碩士<br>國立政治大學<br>經營管理碩士學程(EMBA)<br>106<br>After the 2008 financial crisis, the life insurance industry in Taiwan was affected by the policy of QE and low interest rates, causing the spread of high-interest-rate policies to fall. As a result, the annual fluctuations in earnings fluctuated greatly and the profits were relatively tight.
The International Accounting Standards Board (IASB) will implement IFRS9 in 2018 and is expected to implement IFRS17 in 2021. According to IFRS17，the fair value of the liability reserve will be based on the current information and therefore the liability with a high fixed interest rate will likely increase as the discount rate falls below the policy's reserve interest rate. As life insurance companies sell whole life policies with guaranteed interest rates, and the shortfall and short-term issuance of Taiwan bond market results in the long duration of the liability over the short duration of the asset. Moreover，more than half of the overall life insurance industry has invested in the foreign currency market. When the adoption of IFRS 9 and 17 together, the mismatching of assets and liabilities , the fluctuations in interest rates and exchange rates will affect the Company's profit and loss, further affecting the solvency of the Company.
Recently, Fitch Ratings and Taiwan Ratings reported on the relative weakening of life insurance capital in Taiwan in comparison with the international capital standards when they conducted annual reports. In view of the future life insurance company's need to strengthen the solvency, from a variety of capital enhancement tools, reinsurance is a choice , so the development of finite reinsurance, national supervisory authorities and Accounting standards for significant risk transfer of reinsurance of the recognition and accounting principles to regulate. After referring to the practices of other countries, this study proposes the proposal of the finite reinsurance to strengthen the capital of life insurance companies.
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Čepeláková, Lenka. "The Impact of the Macroeconomic Environment on Insurance Companies." Master's thesis, 2015. http://www.nusl.cz/ntk/nusl-350172.
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i Abstract: This thesis assesses the impact of economic, institutional and demographic factors on the life and non-life gross written premiums of insurance companies. A dynamic panel data regression using the system generalized method of mo- ments is applied on data of 29 European countries collected by EIOPA covering the period from 2005 to 2013. The results reveal that economic and institutio- nal factors drive both life and non-life insurance industry. On the other hand, we cannot confirm that demographic factors are significant determinants of the growth in GWPs. Subsequently, the hypothesis that there are substantial cross-countries differences among the importance of different macroeconomic determinants on the insurance sector development is explored and confirmed. This work shines new light on the development of the quantitative macro- prudential framework used to determine different economic scenarios affecting insurance companies' balance sheets. Moreover, a broader set of panel data and more variables explaining the growth in insurance sector bring new contributi- ons to the current discussion in academic literature.
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Lin, Shou-Mei, and 林壽梅. "Cognitive attitude of the agent for the life insurance companies in the long-term care insurance,for example SK life Insurance company." Thesis, 2015. http://ndltd.ncl.edu.tw/handle/bcyse5.
Full textAbstract:
碩士<br>銘傳大學<br>風險管理與保險學系碩士在職專班<br>103<br>This research attempts to understand the cognitive attitude of the agent for life insurance company in the long- term care insurance recognition. In the year 2014 at the Taipei Shin Kong Insurance Company a survey was conducted with the agent for the research survey groups. The 300 clique Questionnaires entitled as "Questionnaire of the agent for the life insurance companies in the long-term care insurance" were issued, in total 257 questionnaires were recovered with the percentage of 85.66%.The data procured was subjected to single factor variance analysis test for age, marital status, experience(length of service) and education background. According to the variables of regression analysis that based on the agents ’background to predict cognitive attitudes for the long-term care insurance, as the cognitive attitude of the agent for the life insurance in the long- term care insurance has a significant difference.
According to the research results we sorted out the following three conclusions.
First of all, the agent’ cognitive attitude in the long-term care insurance scored between 2.93 and 3.65. While the overall average of 3.35. According to scoring average, the order is: the content of care, the methods of care, the aspects of underwriting, the aspects of the legal system and financial burdens. According to the scoring, the first was caring, and the ultimate was financial burden.
Secondly, different background variables of the life insurance company agent on cognitive difference between attitudes of long-term care insurance system is as follows.
1. There is no significant difference for gender of the agent for the life insurance companies in the long-term care insurance. However, there is so significant difference observed for caring method has significant difference, male have better perception than women.
2. There is no significant difference among marital status of the agent for life insurance companies in the long-term care insurance. There is only one significant difference in care method, which is unmarried life insurance company agent agreeing than married life insurance long-term care insurance company agent.
3. There is no significant difference for age, experience and educational background for the cognitive attitude of the agents for the life insurance companies in the long-term care insurance.
Third, the variable life insurance company agent from the different backgrounds to predict the attitudes of long- term care insurance, with only 4% of decisive level of education.
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Chen, Chaio-Ling, and 陳喬羚. "Internal Factors Affecting Renewal Premium for Life Insurance Companies in Taiwan." Thesis, 2014. http://ndltd.ncl.edu.tw/handle/43768906803717960665.
Full textAbstract:
碩士<br>國立高雄第一科技大學<br>風險管理與保險研究所<br>102<br>This study explores the relationship between renewal premium and insurance payments, sales personnel registration, complaint-filing rate for non-payment cases, insurance policy&;apos;&;apos;s 13-month renewal rate, insurance policy&;apos;&;apos;s 25-month renewal rate and the complaint-filing rates for payment cases among Taiwan&;apos;&;apos;s 30 life insurance companies. This study uses regression analysis to construct the projection model for renewal premium, and also investigate the relationship between the different variables affecting the renewal premium among financial-holding life insurance companies and non-financial-holding life insurance companies.
The results indicated that:
1.Related analysis indicated: insurance payment, sales personnel registration, non-payment cases complaint-filing rate, insurance policy&;apos;&;apos;s 13-month renewal rate and insurance policy&;apos;&;apos;s 25-month renewal rate are all significantly correlated with the renewal premium. Complaint filing rate for payment cases do not have significant correlation with the renewal premium.
2.Stepwise Forward Regression Analysis indicated: insurance payment, sales personnel registration and non-payment complaint-filing rates do have significant effects on renewal premium.
3.Having the insurance company owned by financial holdings as dummy variable, the regression analysis of renewal premium, respectively based on insurance payment, sales personnel registration, non-payment complaint-filing rate, insurance policy&;apos;&;apos;s 13-month renewal rate, insurance policy&;apos;&;apos;s 25-month renewal rate, indicated that: these five independent variables and dummy variables do not have interaction with each other. Whether or not the insurance companies are owned or not owned by financial holdings poses no significant difference on the insurance payment and sales personnel registration. However, this factor does have a significant difference on the renewal premium when the non-payment complaint-filing rate is being considered. The insurance policy&;apos;&;apos;s 13-month renewal rates at insurance companies owned by financial holding companies are higher than insurance companies not owned by financial holding companies. The same is true with the insurance policy&;apos;&;apos;s 25-month renewal rate and non-payment complaint-filing rates.
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Lai, Mai-Lan, and 賴美蘭. "The Construction of Training Performance Index for Taiwan’s Life Insurance Companies." Thesis, 2006. http://ndltd.ncl.edu.tw/handle/k7vncn.
Full textAbstract:
碩士<br>銘傳大學<br>風險管理與保險學系碩士在職專班<br>94<br>This study mainly investigated the construction of training performance index for Taiwan’s the life insurance companies . Main issues are how is evaluated for the current training performance, and how the new index is constructed for that performance in order to evaluate the training program in the future.
This study adopted the Delphi Method with the questionnaire. The subjects of that questionnaire are some training experts, including the experts from the life insurance companies, the Insurance Institute of Taiwan, and the Universities. This study collected their opinions about the training performance index. By use of the process of the Delphi Method, some results are as follows:
1)The training performance contains four dimensions. They are the satisfaction level on training, the level of personal capability improvement, the application in actual working environment, and the level of contribution to the organization.
2)The fourteen core factors are constructed under each dimension of the training performance.
3)The forty-seven performance indexes under each core factor of the training performance .
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Tsen, Hsiao Ping, and 曾曉萍. "The Study on Solvency of Life Insurance Companies -- Cash Flow Analysis." Thesis, 1998. http://ndltd.ncl.edu.tw/handle/43657121024194920058.
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Su, Meng-Hsu, and 蘇孟栩. "Dynamic Performance Evaluation of Life Insurance Companies across the Taiwan Strait." Thesis, 2011. http://ndltd.ncl.edu.tw/handle/99030716536231240687.
Full textAbstract:
碩士<br>元智大學<br>會計學程<br>99<br>This study uses dynamic data envelopment analysis (Dynamic DEA) to evaluate the operating performance of the insurance companies in Taiwan and China. Furthermore, this study adopts panel data regression, which includes the cross-section and the time-series, to investigate the impact of intellectual capital on performance. As the results indicate, in first part, the overall performance of China is better than that of Taiwan and whether in Taiwan or China, the performance of the companies with local capitals is better than those with foreign capitals. In second part, the human capital and structural capital of the intellectual capital has a vast impact on the operating performance of the life insurance companies. The potential applications and strengths of DEA in assessing the life insurance industries in Taiwan and China are highlighted.