The development of R.O.C. life insurance companies’ assets strategy since RBC launch
Date Issued
2005
Date
2005
Author(s)
Chung, Tan-Tan
DOI
zh-TW
Abstract
The development of R.O.C. life insurance companies’ assets strategy since RBC launch
Name：Tan-Tan Chung
Advisor：Yann-Ching Tsai
Graduate Institute of Accounting
National Taiwan University
Our insurance industry has implemented the risk- based capital approach to supervise the liquidation of insurance companies since July, 2003, in line with the international supervision of insurance industry. This study examines whether the RBC system is leaning towards the assets’ strategy of our life insurance companies.
Based on the financial statements of 26 life insurance companies from 2002 to 2004, these life insurance companies are classified into 4 categories for purposes of comparison. These four categories is consisted of the total life insurance industry, three ratings of total assets, merged to financial holding company or not and the local and foreign life insurance companies. RBC system has indicated different asset to different risk factor. This study observes whether the assets’ strategy of our life insurance companies have migrated to low risk factor assets. The comparison provides analyses of assets’ strategy for 2003 and 2004 with 2002.
Our findings indicate the followings : (1) high risk investments have decreased for 2003 and 2004.(2) because government regulations have already increased the limit of foreign investments in a Taiwanese company from 20% to 35%, foreign investments have significantly increased for 2003and 2004, and (3) except for secured loan and foreign investments, there is no significant change in assets’ strategy for every category. However, the investment policy for life insurance companies has gradually migrated to low risk factor assets.
Subjects
RBC
資產配置
assets’ strategy
Type
other
File(s)![Thumbnail Image]()
Loading...
Name
ntu-94-P91744010-1.pdf
Size
23.31 KB
Format
Adobe PDF
Checksum
(MD5):9987315091332499a1dce9e1feb74617