The business variation of equity-linked policy business in financial holding insurance companies versus non-financial holding insurance companies

• Main Authors: Ying-Chen Chen, 陳穎蓁
• Other Authors: Kili.C.Wang
• Format: Others
• Language: zh-TW
• Published: 2016
• Online Access: http://ndltd.ncl.edu.tw/handle/14045731618558987715

碩士 === 淡江大學 === 保險學系保險經營碩士班 === 104 === 　　The study discusses the impact of the business variation of equity-linked policy business in financial holding insurance companies versus non-financial holding insurance companies. We used First-order Stochastic Dominance(FSD)、Second-order Stochastic Dominance (SSD)、Almost First-order Stochastic Dominance (AFSD) and Almost Second-order Stochastic Dominance (ASSD) to analyze whether operating the equity-linked policy of financial holding insurance companies of less risk or having better performance. And we used the premium of unit capital as variable of Stochastic Dominance then used market growth rate for variable of OLS to analyze the correlation of financial holding companies or non-financial holding companies. 　　This study shows whole financial holding companies are better than whole market under the FSD. With AFSD we choice 2 financial holding companies to compare 2 non-financial holding companies then find it financial holding companies are better. However whole financial holding companies can’t show that better than non-financial holding companies by ASSD. But Riskiness have significant negative on Financial variable.