碩士 / 國立高雄第一科技大學 / 風險管理與保險所 / 92 / Due to the nature of limited land space and over-crowded populations, Taiwan highly relies on trade business for resources and goods importation, transportation industry therefore plays an important role. Followed by the newness and flux of the overall economy, aviation transportation is getting even more important among the whole transportation industry. It shortens the distance between countries and brings the world closer, accelerates global economical development, makes international trade possible and easier, provide a boost to the tourism industry, that contributes human’s life in all ways.
However, loss ratio of Taiwan’s aviation insurance has been higher than average, which makes Taiwan a less preferred market to reinsurers. Moreover, financial situation of major international reinsurance companies was badly affected by 911 terrorist attack, which event also pushed many insurance companies out of business. The fact of underwriting capacity shrinkage in reinsurance market leads to supply shortage of war risk protection for aviation insurance, and results in no insurance available for airline operators. Not only the aviation industry is facing the difficulties for not being able to transfer the risk, but also the whole national economy will suffer because people are less willing to use air transportation although it is unavoidable in most cases. To solve the problem, industry and government should take the issue of risk management into more serious consideration.
This research takes the point of view from aviation operators, considers how to apply risk financing to transfer their risks rather than buying insurance coverage. To aim at increase profit, but reduce cost and risk exposure. Figures of loss experience from local non-life insurance companies and premium paid by local aviation transportation carriers in the past years were analyzed by cash-flow model, to compare the advantages and disadvantages among self-insurance funding, group-owner captives insurance and commercial insurance. The results of this research provide suggestions of risk financing strategies for future to Taiwanese aviation transportation industry by developing feasibility and operating model of self-insurance funding and group-owner captives insurance.
| Identifer | oai:union.ndltd.org:TW/092NKIT5218069 |
| Date | January 2004 |
| Creators | Ting-Yu Lee, 李婷玉 |
| Contributors | Kuen-Bao Ling, 凌氤寶 |
| Source Sets | National Digital Library of Theses and Dissertations in Taiwan |
| Language | zh-TW |
| Detected Language | English |
| Type | 學位論文 ; thesis |
| Format | 120 |
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