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Title: | IFRS17對壽險業之商品策略及財務影響之分析 Analysis of the implementation of IFRS17 on the product strategy and financial impact of life insurance company |
Authors: | 翁志宏 Jay Ueng |
Advisor: | 郭佳瑋 Chia-Wei Kuo |
Keyword: | IFRS 17,壽險業財務報表,合約服務邊際,財務精算,五力分析, IFRS 17,Life insurance industry financial statements,Contractual Service Margin (CSM),Financial actuarial,Porter five forces analysis, |
Publication Year : | 2025 |
Degree: | 碩士 |
Abstract: | 國際壽險業的保險負債所適用衡量的會計公報,於2023年起有一個大的轉變,國際會計準則理事會(IASB)已於2023年開始適用IFRS 17,由於對於壽險業而言,負債管理及提存合宜的負債無疑是一大重要課題,主要是壽險公司的保費來自於社會大眾,本身承擔社會大眾生老病死保障的重責大任,因此如何衡量其適足的負債,的確是相當大的課題。另外如何讓分析師,社會大眾及監理機關等了解壽險公司的財務以及合宜的清償能力,也是非常重要的。IASB期待該準則可以對保險業的財務報表及會計處理等有一致性的衡量標準,使得財務報表易於被比較解讀。惟IFRS 17的適用,對於壽險公司在財務上,商品結構及資產負債管理,還有資訊系統都有重大影響。基於其複雜性,我國台灣將其適用日延至2026年才會正式採用IFRS 17,因此國內有一段觀察與適用的調整時間。
本論文將以現行之會計制度IFRS4為出發點,利用相關的研究報導及學術論文等,分析採用IFRS 17後,國內壽險業的發展變革。另外,從國內壽險業的現況探討採用IFRS 17可能的商品及財務資訊的變化;由於IFRS 17將改變保險公司財務報表的呈現方式,主要是衡量模型改變,將使壽險公司提存未來利潤之現值,即合約服務邊際(contractual service margin, CSM),再依據CSM的數值逐年攤提成為保險合約利潤;而針對投資的部份,投資面之損益係於財報上以財務服務結果呈現。這可以說是財務會計與精算處理的變革,IFRS 17準則要求保險公司在計算保險合約的負債時考慮預期現金流量、風險調整和合約服務邊際等,而且負債之衡量需反映市場利率之波動,這對壽險公司的財務精算是一個更高的要求。IFRS 17基於對財務的長期影響,進而逐步影響商品銷售之策略,尤其對於終身且有保證給付之保單的財務影響更為顯著。 另外,利用台大管理學院所學的專業知識,對於壽險業進行五力分析,以了解在未來壽險業所面臨的競爭與可能的因應策略,事實上壽險業是很特殊的特許行業,因此在台灣壽險業競爭的態勢短期沒有如此明顯;但長期勢必受到新興科技的影響而有產業區隔化的競爭。過去柯達是軟片與相機的佼佼者,卻被自己發明的數位相機擊垮。近年來,所謂產業革命往往是在不知不覺中逐步發生,最後把產業改變了,壽險業也是必須要了解和應用新興科技改變未來發展,提升客戶體驗創造未來商機。 總體來說,本論文探討國內壽險業對於IFRS 17可能的應對策略,壽險公司因應財務波動挑戰,需對應調整商品與通路策略,從參考的相關著作文章中,可以歸納發現未來在新制度下,由於獲利被拆解成保險服務以及財務服務結果,而合約服務邊際(CSM)又是保險服務結果非常重要的組成,因此壽險公司未來的商品策略以及中長期營運中持續提升CSM,將是一個非常重要的關鍵。另外,也從產業發展的面向與時代科技的進步,發現壽險公司可能需要轉變的面向。相信壽險公司未來再接軌IFRS 17等新制度後,產業透過商品策略之調整,並搭配良好的投資策略,將使壽險公司同時在資產與負債的管理上建構一個更好的長期發展,壽險公司可以持續達成永續經營的目標。 The accounting bulletins applicable to the measurement of insurance liabilities in the international life insurance industry will undergo a big change starting in 2023. The International Accounting Standards Board (IASB) will begin to apply IFRS 17 in 2023. For the life insurance industry, liability management and setting aside appropriate liabilities is undoubtedly an important issue. The main reason is that life insurance companies receive their premiums from the public, and they bear the heavy responsibility of protecting the public from birth, old age, sickness and death. Therefore, how to measure their adequate liabilities is indeed a considerable issue. In addition, it is also very important to let analysts, the general public and regulatory authorities understand the financial and appropriate solvency of life insurance companies. The IASB hopes that this standard can provide consistent measurement standards for the insurance industry's financial statements and accounting treatments, making financial statements easy to compare and interpret. However, the application of IFRS 17 will have a significant impact on life insurance companies' finances, product structure, asset and liability management, and information systems. Due to its complexity, Taiwan will not officially adopt IFRS 17 until 2026, so there will be a period of observation and adjustment in the country. This paper starts with the current accounting system IFRS4, uses relevant research reports, and analyzes the development and changes of the domestic life insurance industry after the adoption of IFRS17. In addition, we will explore the possible changes in products and financial information when adopting IFRS 17 from the current situation of the domestic life insurance industry; since IFRS 17 will change the way insurance companies' financial statements are presented, it is mainly a change in the measurement model, which will allow life insurance companies to set aside cash for future profits. The value is the contractual service margin (CSM), which is amortized year by year as insurance contract profits based on the CSM value. As for the investment part, the investment gains and losses are presented in the financial report as financial service results. This can be said to be a change in financial accounting and actuarial processing. IFRS 17 standards require insurance companies to consider expected cash flows, risk adjustments and contractual service margins when calculating liabilities for insurance contracts, and the measurement of all liabilities needs to reflect fluctuations in market interest rates. This Financial actuarial requirements for life insurance companies are higher. IFRS 17 is based on its long-term financial impact and will gradually affect product sales strategies. The financial impact is particularly significant for life-long insurance policies with guaranteed benefits. In summary, this study explores the domestic life insurance industry’s possible response strategies to IFRS 17. In response to the challenges of financial fluctuations, life insurance companies need to adjust their product and channel strategies accordingly. It is believed that life insurance companies can adjust their product strategies to achieve a better balance between assets and liabilities. There will be a better long-term development in management, and then the goal of sustainable operation will be achieved. |
URI: | http://tdr.lib.ntu.edu.tw/jspui/handle/123456789/97479 |
DOI: | 10.6342/NTU202500825 |
Fulltext Rights: | 同意授權(限校園內公開) |
metadata.dc.date.embargo-lift: | 2030-01-06 |
Appears in Collections: | 商學組 |
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ntu-113-2.pdf Restricted Access | 5.11 MB | Adobe PDF | View/Open |
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