The development of the risk-based capital system of life insurance companies in Taiwan

Autor: Shang-Wen Chang, 張善文
Rok vydání: 2009
Druh dokumentu: 學位論文 ; thesis
Popis: 97
While the financial industry develops towards market orientation and internationalization, the financial institutes, especially the insurance companies will not only seek the highest profit but also deal with lots of risks. The insurance companies absorbing great amount of money from the customers should invest the money more safely, currently, and stably. On the other hand, the governors ask the insurance companies to keep enough money to withstand the risk. There are many regulations and researches about the measurement the capital risk, but still no standard. The risk-based capital ratio was introduced in 1990’s and was used by the insurance companies in US from 1992.The ratio is the percentage of a company''s capital to its risk-weighted assets. Weights are defined by risk-sensitivity ratios whose calculation is dictated under the relevant accord. At first, the governors used the single capital theory to supervise the risk of the insurance companies. According to the old article 143 of insurance act, the remain of the asset pluses the debt is not above three times of the value of article 141, the governors may ask the insurance company to make up the deficiency. The governors revered to the systems of US, European Union and Japan to amend the act to meet the requirement of the diversification and restrict control capital of the insurance company in June 2001. Article 143-3 is revised by the risk-based capital system in US and performed since July 2003. The weights were adjusted by the reality from 2005 to 2007. There are still many researches and discusses to make the system fulfill its objects. The thesis is trying to understand the risk-based capital system and compare the differences of countries to find out something worthy to learn.
Databáze: Networked Digital Library of Theses & Dissertations
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