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題名 高齡社會創新保險商品之研究
Innovative Insurance Products in Aged Society
作者 陳彥志
Chen, Yen-Chih
貢獻者 王儷玲
Wang, Jennifer L.
陳彥志
Chen, Yen-Chih
關鍵詞 長期照顧保險
年金保險
商品設計
日期 2017
上傳時間 1-Dec-2017 12:06:09 (UTC+8)
摘要 本篇論文探討在高齡社會下，如何透過創新保險商品設計，提高長期照顧保險以及年金保險的銷售。本篇論文包含兩部分，第一部分討論長期照顧保險以及年金保險可能隱含的逆選擇成本，利用台灣地區中老年身心社會生活狀況長期追蹤調查資料，估算不同的健康轉移速率矩陣，並計算可能存在的逆選擇成本。更也進一步探討不同的商品設計，對逆選擇成本的影響。第二部分則探討這兩種商品結合降低逆選擇成本的效果，過去的文獻指出長期照顧保險結合年金保險可以降低長期照顧保險市場的核保問題，以及年金保險市場逆選擇成本過高等問題。不同於過去文獻，本研究討論當兩種商品結合為一新型產品時，在具備同時吸引具有不同個人健康資訊的長期照顧保險被保險人以及年金保險被保險人之特性下，可降低多少逆選擇成本。若降低逆選擇成本的效果夠大，相信這樣子的商品設計能吸引更多被保險人購買，並有助於商業保險市場之成長，提供更多對老年社會經濟的保障。
參考文獻 Albarran, I., Ayuso, M., Guillén, M., & Monteverde, M. (2005). A multiple state model for disability using the decomposition of death probabilities and cross-sectional data. Communications in Statistics—Theory and Methods, 34(9-10), 2063-2075.
     Baione, F., & Levantesi, S. (2014). A health insurance pricing model based on prevalence rates: Application to critical illness insurance. Insurance: Mathematics and Economics, 58(0), 174-184.
     Brown, J., & Finkelstein, A. (2007). Why is the market for long-term care insurance so small? Journal of Public Economics, 91(10), 1967-1991.
     Brown, J., & Finkelstein, A. (2009). The Private Market for Long‐Term Care Insurance in the United States: A Review of the Evidence. Journal of Risk and Insurance, 76(1), 5-29.
     Brown, J., & Warshawsky, M. (2013). The Life Care Annuity: A New Empirical Examination of an Insurance Innovation That Addresses Problems in the Markets for Life Annuities and Long-Term Care Insurance. Journal of Risk and Insurance, 80(3), 677-704.
     Chiappori, P.-A., & Salanie, B. (2000). Testing for asymmetric information in insurance markets. Journal of Political Economy, 108(1), 56-78.
     Cohen, A., & Siegelman, P. (2010). Testing for Adverse Selection in Insurance Markets. Journal of Risk and Insurance, 77(1), 39-84.
     Cox, L. A., & Ge, Y. (2004). Temporal Profitability and Pricing of Long-Term Care Insurance. Journal of Risk and Insurance, 71(4), 677-705.
     Czado, C., & Rudolph, F. (2002). Application of survival analysis methods to long-term care insurance. Insurance: Mathematics and Economics, 31(3), 395-413.
     Dionne, G., N. A. Doherty, and N. Fombaron, 2000, Adverse Selection in Insurance Markets, in: G. Dionne, ed., Handbook of Insurance (Boston/Dordrecht/London: Kluwer Academic Publishers), pp. 231-280.
     Einav, L., Finkelstein, A., & Ryan, S. P. (2013). Selection on Moral Hazard in Health Insurance. American Economic Review, 103(1), 178-219.
     Finkelstein, A., & McGarry, K. (2006). Multiple dimensions of private information: evidence from the long-term care insurance market. American Economic Review, 96(4), 938-958.
     Finkelstein, A., & Poterba, J. (2004). Adverse selection in insurance markets: Policyholder evidence from the UK annuity market. Journal of Political Economy, 112(1), 183-208.
     Glasserman, P. (2004). Monte Carlo methods in financial engineering. New York: Springer.
     Haberman, S., & Pitacco, E. (1998). Actuarial models for disability insurance. Florida: CRC Press.
     Jackson, C. H. (2011). Multi-state models for panel data: the msm package for R. Journal of Statistical Software, 38(8), 1-29.
     Levikson, B., & Mizrahi, G. (1994). Pricing long term care insurance contracts. Insurance: Mathematics and Economics, 14(1), 1-18.
     Manton, K. G. (1988). A longitudinal study of functional change and mortality in the United States. Journal of Gerontology, 43(5), S153-S161.
     Manton, K. G., Corder, L. S., & Stallard, E. (1993). Estimates of change in chronic disability and institutional incidence and prevalence rates in the US elderly population from the 1982, 1984, and 1989 National Long Term Care Survey. Journal of Gerontology, 48(4), S153-S166.
     Mitchell, O. S., & McCarthy, D. (2002). Estimating international adverse selection in annuities. North American Actuarial Journal, 6(4), 38-54.
     Murtaugh, C. M., Spillman, B. C., & Warshawsky, M. J. (2001). In sickness and in health: An annuity approach to financing long-term care and retirement income. Journal of Risk and Insurance, 225-253.
     NAIC. 2016. The State of Long-Term Care Insurance: The Market, Challenges and Future Innovations. Washington, DC: NAIC Report.
     NAIC. 2017. 2016 Market Share Reports. Washington, DC: NAIC Report.
     Pitacco, E. (1995). Actuarial models for pricing disability benefits: Towards a unifying approach. Insurance: Mathematics and Economics, 16(1), 39-62.
     Pla-Porcel, J., Ventura-Marco, M., & Vidal-Meliá, C. (2016). Converting retirement benefit into a life care annuity with graded benefits. Scandinavian Actuarial Journal, 1-25.
     Pritchard, D. (2006). Modeling disability in long-term care insurance. North American Actuarial Journal, 10(4), 48-75.
     Puelz, R., & Snow, A. (1994). Evidence on Adverse Selection: Equilibrium Signaling and Cross-Subsidization in the Insurance Market. Journal of Political Economy, 102(2), 236-257.
     Rothschild, M., & Stiglitz, J. (1976). Equilibrium in competitive insurance markets: An essay on the economics of imperfect information. The quarterly journal of economics, 629-649.
     Shao, A. W., Sherris, M., & Fong, J. H. (2017). Product pricing and solvency capital requirements for long-term care insurance. Scandinavian Actuarial Journal, 2017(2), 175-208.
     Spence, M. (1978). Product differentiation and performance in insurance markets. Journal of Public Economics, 10(3), 427-447.
     Spenkuch, J. L. (2012). Moral hazard and selection among the poor: Evidence from a randomized experiment. Journal of Health Economics, 31(1), 72-85.
     Veiga, A., & Weyl, E. G. (2016). Product Design in Selection Markets *. The quarterly journal of economics, 131(2), 1007-1056.
     Wang, J. L., Chiu, Y.-F., Hsieh, M.-H., & Chen, Y.-C. (2017). Analysis of the Risk Effect of the Product Design of Long-Term Care Insurance. NTU Management Review, 27(2S), 177-208. doi:DOI:10.6226/NTUMR.2017.MAR.RM104-025
     Webb, D. C. (2009). Asymmetric Information, Long-Term Care Insurance, and Annuities: The Case for Bundled Contracts. Journal of Risk and Insurance, 76(1), 53-85.
     Wilson, C. (1977). A model of insurance markets with incomplete information. Journal of Economic Theory, 16(2), 167-207.
     Zhou-Richter, T., Browne, M. J., & Gründl, H. (2010). Don`t They Care? Or, Are They Just Unaware? Risk Perception and the Demand for Long-Term Care Insurance. Journal of Risk and Insurance, 77(4), 715-747.
描述 博士
國立政治大學
風險管理與保險學系
101358501
資料來源 http://thesis.lib.nccu.edu.tw/record/#G1013585011
資料類型 thesis
dc.contributor.advisor 王儷玲zh_TW
dc.contributor.advisor Wang, Jennifer L.en_US
dc.contributor.author (Authors) 陳彥志zh_TW
dc.contributor.author (Authors) Chen, Yen-Chihen_US
dc.creator (作者) 陳彥志zh_TW
dc.creator (作者) Chen, Yen-Chihen_US
dc.date (日期) 2017en_US
dc.date.accessioned 1-Dec-2017 12:06:09 (UTC+8)-
dc.date.available 1-Dec-2017 12:06:09 (UTC+8)-
dc.date.issued (上傳時間) 1-Dec-2017 12:06:09 (UTC+8)-
dc.identifier (Other Identifiers) G1013585011en_US
dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/114959-
dc.description (描述) 博士zh_TW
dc.description (描述) 國立政治大學zh_TW
dc.description (描述) 風險管理與保險學系zh_TW
dc.description (描述) 101358501zh_TW
dc.description.abstract (摘要) 本篇論文探討在高齡社會下，如何透過創新保險商品設計，提高長期照顧保險以及年金保險的銷售。本篇論文包含兩部分，第一部分討論長期照顧保險以及年金保險可能隱含的逆選擇成本，利用台灣地區中老年身心社會生活狀況長期追蹤調查資料，估算不同的健康轉移速率矩陣，並計算可能存在的逆選擇成本。更也進一步探討不同的商品設計，對逆選擇成本的影響。第二部分則探討這兩種商品結合降低逆選擇成本的效果，過去的文獻指出長期照顧保險結合年金保險可以降低長期照顧保險市場的核保問題，以及年金保險市場逆選擇成本過高等問題。不同於過去文獻，本研究討論當兩種商品結合為一新型產品時，在具備同時吸引具有不同個人健康資訊的長期照顧保險被保險人以及年金保險被保險人之特性下，可降低多少逆選擇成本。若降低逆選擇成本的效果夠大，相信這樣子的商品設計能吸引更多被保險人購買，並有助於商業保險市場之成長，提供更多對老年社會經濟的保障。zh_TW
dc.description.tableofcontents Abstract i
     Table of Contents iii
     List of Figures iv
     List of Tables v
     Part One – Adverse Selection Cost in Long-term Care Insurance and Annuity 1
      1.1 Introduction 1
      1.2 The Asymmetric Information Model 7
      1.3 Data and Methodology 11
      1.4 Results 20
      1.5 Conclusions 32
      1.6 Reference 34
     Part Two – The Benefit in Long-Term Care Annuity Product 37
      2.1 Introduction 37
      2.2 Literature Reviews 40
      2.3 Research Model 43
      2.4 Numerical Results 49
      2.5 Conclusions 57
      2.6 Reference 60
      2.7 Appendix 63		zh_TW
dc.format.extent 1022224 bytes-
dc.format.mimetype application/pdf-
dc.source.uri (資料來源) http://thesis.lib.nccu.edu.tw/record/#G1013585011en_US
dc.subject (關鍵詞) 長期照顧保險zh_TW
dc.subject (關鍵詞) 年金保險zh_TW
dc.subject (關鍵詞) 商品設計zh_TW
dc.title (題名) 高齡社會創新保險商品之研究zh_TW
dc.title (題名) Innovative Insurance Products in Aged Societyen_US
dc.type (資料類型) thesisen_US
dc.relation.reference (參考文獻) Albarran, I., Ayuso, M., Guillén, M., & Monteverde, M. (2005). A multiple state model for disability using the decomposition of death probabilities and cross-sectional data. Communications in Statistics—Theory and Methods, 34(9-10), 2063-2075.
     Baione, F., & Levantesi, S. (2014). A health insurance pricing model based on prevalence rates: Application to critical illness insurance. Insurance: Mathematics and Economics, 58(0), 174-184.
     Brown, J., & Finkelstein, A. (2007). Why is the market for long-term care insurance so small? Journal of Public Economics, 91(10), 1967-1991.
     Brown, J., & Finkelstein, A. (2009). The Private Market for Long‐Term Care Insurance in the United States: A Review of the Evidence. Journal of Risk and Insurance, 76(1), 5-29.
     Brown, J., & Warshawsky, M. (2013). The Life Care Annuity: A New Empirical Examination of an Insurance Innovation That Addresses Problems in the Markets for Life Annuities and Long-Term Care Insurance. Journal of Risk and Insurance, 80(3), 677-704.
     Chiappori, P.-A., & Salanie, B. (2000). Testing for asymmetric information in insurance markets. Journal of Political Economy, 108(1), 56-78.
     Cohen, A., & Siegelman, P. (2010). Testing for Adverse Selection in Insurance Markets. Journal of Risk and Insurance, 77(1), 39-84.
     Cox, L. A., & Ge, Y. (2004). Temporal Profitability and Pricing of Long-Term Care Insurance. Journal of Risk and Insurance, 71(4), 677-705.
     Czado, C., & Rudolph, F. (2002). Application of survival analysis methods to long-term care insurance. Insurance: Mathematics and Economics, 31(3), 395-413.
     Dionne, G., N. A. Doherty, and N. Fombaron, 2000, Adverse Selection in Insurance Markets, in: G. Dionne, ed., Handbook of Insurance (Boston/Dordrecht/London: Kluwer Academic Publishers), pp. 231-280.
     Einav, L., Finkelstein, A., & Ryan, S. P. (2013). Selection on Moral Hazard in Health Insurance. American Economic Review, 103(1), 178-219.
     Finkelstein, A., & McGarry, K. (2006). Multiple dimensions of private information: evidence from the long-term care insurance market. American Economic Review, 96(4), 938-958.
     Finkelstein, A., & Poterba, J. (2004). Adverse selection in insurance markets: Policyholder evidence from the UK annuity market. Journal of Political Economy, 112(1), 183-208.
     Glasserman, P. (2004). Monte Carlo methods in financial engineering. New York: Springer.
     Haberman, S., & Pitacco, E. (1998). Actuarial models for disability insurance. Florida: CRC Press.
     Jackson, C. H. (2011). Multi-state models for panel data: the msm package for R. Journal of Statistical Software, 38(8), 1-29.
     Levikson, B., & Mizrahi, G. (1994). Pricing long term care insurance contracts. Insurance: Mathematics and Economics, 14(1), 1-18.
     Manton, K. G. (1988). A longitudinal study of functional change and mortality in the United States. Journal of Gerontology, 43(5), S153-S161.
     Manton, K. G., Corder, L. S., & Stallard, E. (1993). Estimates of change in chronic disability and institutional incidence and prevalence rates in the US elderly population from the 1982, 1984, and 1989 National Long Term Care Survey. Journal of Gerontology, 48(4), S153-S166.
     Mitchell, O. S., & McCarthy, D. (2002). Estimating international adverse selection in annuities. North American Actuarial Journal, 6(4), 38-54.
     Murtaugh, C. M., Spillman, B. C., & Warshawsky, M. J. (2001). In sickness and in health: An annuity approach to financing long-term care and retirement income. Journal of Risk and Insurance, 225-253.
     NAIC. 2016. The State of Long-Term Care Insurance: The Market, Challenges and Future Innovations. Washington, DC: NAIC Report.
     NAIC. 2017. 2016 Market Share Reports. Washington, DC: NAIC Report.
     Pitacco, E. (1995). Actuarial models for pricing disability benefits: Towards a unifying approach. Insurance: Mathematics and Economics, 16(1), 39-62.
     Pla-Porcel, J., Ventura-Marco, M., & Vidal-Meliá, C. (2016). Converting retirement benefit into a life care annuity with graded benefits. Scandinavian Actuarial Journal, 1-25.
     Pritchard, D. (2006). Modeling disability in long-term care insurance. North American Actuarial Journal, 10(4), 48-75.
     Puelz, R., & Snow, A. (1994). Evidence on Adverse Selection: Equilibrium Signaling and Cross-Subsidization in the Insurance Market. Journal of Political Economy, 102(2), 236-257.
     Rothschild, M., & Stiglitz, J. (1976). Equilibrium in competitive insurance markets: An essay on the economics of imperfect information. The quarterly journal of economics, 629-649.
     Shao, A. W., Sherris, M., & Fong, J. H. (2017). Product pricing and solvency capital requirements for long-term care insurance. Scandinavian Actuarial Journal, 2017(2), 175-208.
     Spence, M. (1978). Product differentiation and performance in insurance markets. Journal of Public Economics, 10(3), 427-447.
     Spenkuch, J. L. (2012). Moral hazard and selection among the poor: Evidence from a randomized experiment. Journal of Health Economics, 31(1), 72-85.
     Veiga, A., & Weyl, E. G. (2016). Product Design in Selection Markets *. The quarterly journal of economics, 131(2), 1007-1056.
     Wang, J. L., Chiu, Y.-F., Hsieh, M.-H., & Chen, Y.-C. (2017). Analysis of the Risk Effect of the Product Design of Long-Term Care Insurance. NTU Management Review, 27(2S), 177-208. doi:DOI:10.6226/NTUMR.2017.MAR.RM104-025
     Webb, D. C. (2009). Asymmetric Information, Long-Term Care Insurance, and Annuities: The Case for Bundled Contracts. Journal of Risk and Insurance, 76(1), 53-85.
     Wilson, C. (1977). A model of insurance markets with incomplete information. Journal of Economic Theory, 16(2), 167-207.
     Zhou-Richter, T., Browne, M. J., & Gründl, H. (2010). Don`t They Care? Or, Are They Just Unaware? Risk Perception and the Demand for Long-Term Care Insurance. Journal of Risk and Insurance, 77(4), 715-747.		zh_TW