193 /342
臺大管理論叢
第
27
卷第
2S
期
193
表
12
不同商品設計下之風險邊際：考量不同起始健康狀態
風險衡量
指標
起始健康
狀態
長期照顧保險與年金保險
長期照顧保險與終身壽險
結合銷售
分開銷售
結合銷售
分開銷售
風險衡量
指標數值
風險邊際
風險衡量
指標數值
風險邊際
風險衡量
指標數值
風險邊際
風險衡量
指標數值
風險邊際
Mean
1
3,240,711
-
3,241,786
-
3,229,221
-
3,227,765
-
2
4,088,402
-
4,089,856
-
4,826,760
-
4,824,789
-
3
4,770,333
-
4,771,222
-
5,833,975
-
5,832,771
-
VaR(75)
1
4,232,676 991,965 4,058,161 816,375 3,854,657 625,436 4,091,953 864,188
2
5,634,867 1,546,465 5,469,967 1,380,111 6,069,442 1,242,682 6,279,316 1,454,527
3
6,702,747 1,932,414 6,474,741 1,703,519 7,255,771 1,421,796 7,582,893 1,750,122
VaR(80)
1
4,799,118 1,558,407 4,610,315 1,368,529 4,384,379 1,155,158 4,648,951 1,421,186
2
6,454,670 2,366,268 6,267,307 2,177,451 6,787,072 1,960,312 7,062,321 2,237,532
3
7,586,615 2,816,282 7,317,690 2,546,468 8,077,322 2,243,347 8,436,821 2,604,050
CTE(75)
1
6,746,956 3,506,245 6,554,389 3,312,603 6,299,910 3,070,689 6,588,936 3,361,171
2
9,111,808 5,023,406 8,860,656 4,770,800 9,263,655 4,436,895 9,658,218 4,833,429
3
10,360,251 5,589,918 10,009,323 5,238,101 10,572,722 4,738,747 11,126,540 5,293,769
CTE(80)
1
7,307,110 4,066,399 7,112,166 3,870,380 6,846,426 3,617,205 7,146,493 3,918,728
2
9,883,177 5,794,775 9,612,946 5,523,090 9,971,936 5,145,176 10,408,846 5,584,057
3
11,169,348 6,399,015 10,791,427 6,020,205 11,302,817 5,468,842 11,908,539 6,075,768