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第六章 結論與建議
本研究主要分析目前台灣市場上的人壽保險公司向安定基金所繳交的保費計 算,並檢視現行收費是否適足，同時分析被接管公司的破產成本，希望能提供監理 機關未來於制定費率的參考依據。以下整理數點結論:
一、期初財務槓桿比例對於保費比的影響較大，主要是因爲目前安定基金以保費規 模為基礎進行收費，而模型以風險基礎進行訂價，而期初財務槓桿比例是主要 風險來源之一。
二、如 Hwang at el. (2015)所述，利率的不確定性對風險計價具有顯著影響。
三、安定基金的賠付比例也對保費比的影響較大。
四、進入寬限期的公司，其破產成本相當接近於期初的財務缺口，説明公司在此階 段必須增資並重新整頓其財務狀況。
為了穩定保險市場,監理機關通常會允許監理寬容,給予失卻清償能力的保險公 司重新整頓財務結構的機會,然而如何提供適當的監理寬容顯為極其重要,以下整理 數點建議:
一、安定基金制定收費依據時應考慮公司的風險程度。
二、應適當制定安定基金的賠付比例，不僅安定基金的接管壓力較小，也能避免保 險公司採取高風險的經營策略。
三、對失卻清償能力的公司，可視個案提供適當的監理寬容，對於經營能力不足的 公司應避免延怠接管，以防止未來財務缺口持續擴大。
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標準差
（2017） 0.0845 0.0380 0.0238 0.0170 0.0130 0.0104 0.0086 0.0073 0.0062 0.0054 平均數
（2016） 0.1023 0.0583 0.0407 0.0311 0.0249 0.0207 0.0175 0.0152 0.0133 0.0118 標準差
（2016） 0.0821 0.0384 0.0244 0.0175 0.0135 0.0108 0.0089 0.0076 0.0065 0.0057
表 9 在不同寬限期下的保費比 寬限期
保費比 0.25
基礎
情境 0.75 1 平均數
（2018） 0.0120 0.0113 0.0107 0.0103 標準差
（2018） 0.0071 0.0065 0.0061 0.0058 平均數
（2017） 0.0133 0.0124 0.0117 0.0113 標準差
（2017） 0.0059 0.0054 0.0051 0.0048 平均數
（2016） 0.0126 0.0118 0.0112 0.0107 標準差
（2016） 0.0063 0.0057 0.0052 0.0049