Pool and operating strategy for engineering insurance in Taiwan’s competitive market an example: Engineering Insurance Association (EIA)

• Main Authors: Wang, Jui-Ching, 王瑞卿
• Other Authors: Wei, Bao-Sheng
• Format: Others
• Language: zh-TW
• Published: 2009
• Online Access: http://ndltd.ncl.edu.tw/handle/x87p2f

碩士 === 國立政治大學 === 經營管理碩士學程(EMBA) === 97 === Engineering Insurance has developed for more than 40 years in our country. It is inseparable from Engineering Insurance Association (EIA). The purpose of establishment of EIA is research and improvement of Engineering Insurance. EIA provide member companies with the technology and experience of underwriting, claims, and surveys by the reinsurance pool. In addition, it is the excellent result indeed to assist insurers in risks diversification. However, there is a huge change in Taiwan engineering insurance market in recent years. The promotion of public works was impeded due to the depression of economy and the bad performance finance condition of the government, so the business of Engineering Insurance shrinks rapidly. Insurance companies irrationally price war to obtain the business in order to maintain enough incomes of the premium that leads to massively decline of the premium. Besides, insurance companies have own technological team of Engineering Insurance and the scale of operation become bigger so that the original function of EIA is replaced gradually. Because of the reduction of businesses and incomes as EIA, we hope to look for the new function of EIA through the analysis of this research. Not only does the thesis research the function of risks diversification and the practice and theory of reinsurance, but it also analyze statistical data of the market. Moreover, it makes the appropriate and feasible operational framework in the future by author join the executive committee experience and practical interviews of relevant EIA issues to ensure objectivity of the topic. The purpose of this thesis is beneficial for EIA to operate the market of Engineering Insurance.