| Summary: | 碩士 === 逢甲大學 === 風險管理與保險研究所 === 98 === This study utilizes Delphi Method to integrate 20 experts’ viewpoints of implementing Statement of Financial Accounting Standards (SFAS.) No. 40 on Taiwan property insurance industry. Research topics include the issues arising from the foreign countries of the implementation of International Financial Reporting Standards 4（IFRS 4）, the challenges and obstacles faced by Taiwan property insurance industry. Research results show that the experts and IASB hold mostly the same perspectives, ”unbundling” is the highest degree of agreement, “time value of money” and “credit risk ”are relatively minors, and the lowest degree of agreement is “discount rate” which the definitions of Taiwan and IASB are identical to each others.
Most experts possess the same notions of the challenges on Taiwan property insurance industry with Swiss Reinsurance Company (Swiss Re.), which “administration” is the highest degree of agreement, following with “reserving” and “product development.” Some experts view reinsurance as one of the methods of diversifying risks, which is not affected by implementing SFAS. No. 40, this prospective is different from Swiss Re. and getting the lowest degree of agreement.
When it comes up with the obstacles encountered by property insurance industry, the result resembles in literature reviews. “Relevant laws and supporting policies are not timely amended" gets the highest degree of agreement, so that the authority have to consider with the consistency of the regulations between Taiwan and internationals.“The policies of the authority are not explicit" and “the professional capacity requirement of SFAS. No. 40” exceeds the one that current staffs hold” are followed by the first item.
Financial statements of Taiwan property insurance industry would alter for the assessment of fair value. From the techniques, Taiwan property insurance industry could confront with several issues, such as the integrity of the database, lack of the capacity of assessment, lack of actuarial and financial accounting personnel, and so on. The imported technique programs could modify current situations, but they would raise the cost of accounting information of insurance companies. Therefore, enforce the establishment of database on Taiwan insurance industry, reengineering the system of information, nurturing actuarial and financial accounting personnel is necessary.
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