【作者】 洪燦楠；

【导师】 陈晓红；

【作者基本信息】 中南大学 ， 管理科学与工程， 2010， 博士

【摘要】 日本自1997年起2001年止,連續有七家人壽保險公司失卻清償能力倒閉,破除了日本人一向深信「保險公司不會倒」的神話。美國人身保險安定基金(The National Organization of Life and Health Guaranty Associations, NOLHGA)的資料,1987年-2009年間因失卻清償能力,受NOLHGA協助清償的壽險與健康險公司有74家。由於壽險公司承擔著人身風險事故發生後賠償或給付保險金的責任,其經營狀況不僅關系自身利益,還會影響千家萬户。此外,作爲重要的機構投資者,壽險公司缺乏清償能力還會對整個金融體系和社會經濟穩定造成衝擊。因此,儘管世界各國壽險監管的模式和方法不同,但其核心都是對壽險公司清償能力的監管。本研究依據文獻探討、比较與分析獲致結論：(1)金融風險管理之國際趨勢,已進入跨業整合時代；(2)保險業的企業風險管理(ERM)是當前風險管理研究中的最重要課題；(3)歐盟SolvencyⅡ的三支柱監管將成爲清償能力風險監管的共同架構與標準；(4)壽險安定基金是消費者最終保障；(5)壽險安定基金有必要建立風險費率。随著整合性清償能力監理的發展趨勢,經濟資本的要求很可能成爲保險監理的重要工具,本研究利用經濟資本的概念來評估壽險安定基金的最適規模。雖然限於資料的取得而採用簡化的資産模式,但所評估的结果卻也與目前實際的情況有相當程度的吻合。因此,建議未來安定基金的徵收方式可考慮利用經濟資本爲風險指標,按各壽險公司的風險高低來徵收安定基金,配合整合性清償能力的發展趨勢,應可兼顧施行上的可行性與徵收上的公平性。更多还原

【Abstract】 Since 1997 to 2001 in Japan, there were 7 life insurance companies bankrupted due to insolvency, which eliminate the fairy of" The life insurance companies would never bankrupt". Under the information of The National Organization of Life and Health Guaranty Associations (NOLHGA), there were 74 life & health insurance companies were insolvency and got the NOLHGA’s liquidation assistance from 1987 to 2009. Due to life insurance companies have to take the responsibility of the risk of claims or insurance payments after the life risk of accidents happened. Their operational condition would not only have relationship with their own benefits but also have influence with thousands of policyholders. Moreover, as important institutional investors, the insolvency of life insurance companies would attack all the financial system and the stable of social economics. Therefore, even though every country has different supervisory model and method, the core of it is still the solvency supervision of the life insurance companies.The conclusion of this research was according to reference records review, comparison and analysis, (1) the international tendency of financial risk management is getting into cross integration era. (2) The ERM of life insurance companies is the most important issue of the risk management research center at the moment. (3) The three pillars supervision of Solvency II in European Union would become the common structure and standard of the solvency risk supervision. (4) The Life Insurance Guaranty Fund is the final indemnity of the consumers. (5) The Life Insurance Guaranty Fund has to establish risk rates.As the development tendency of the integrity solvency supervision, the request of Economics Capital (EC) would possible to become an important tool of insurance supervision. This research uses the concept of EC to assess the most suitable size of The Life Insurance Guaranty Fund. Although it uses the simple asset model under the limited information, the assessment result is quite coincided with the actual condition.Hence, I would suggest the collection style of The Insurance Guaranty Fund could consider using EC as the risk indicator, according the risk level of the life insurance companies to collect guaranty fund. To cope with the development tendency of the integrity solvency liquidity, it would take into account the possibility of performance as well as the fairness of collection更多还原