人壽保險公司是高度槓桿的金融機構，向被保險人收取保費並承擔在保障期間内發生事先約定的事故的理賠責任。依保險法第一百四十五條規定，保險公司應計算其應提存之各種準備金，以因應事故發生時的理賠責任，為人壽保險公司最主要的負債來源。當保單開始生效後，保險公司會將所提列的法定準備金及資本到金融市場上進行投資。
然而近年來，台灣金融市場的長期利率逐年下滑，不足以因應過往因處在高利率環境時所發行的保單負債成本，使得台灣壽險業的利差損不斷擴大。安定基金每年依各保險公司的資本適足率及經營管理績效指標評等，向各保險公司徵收費率，因應未來經營不善的風險，然而每年向各保險公司所收取的費率是否能合理應付未來的風險，以避免影響其他保險公司正常運作，為本文研究之主要議題。
本文主要以實證分析爲主，研究各壽險公司過往實際繳付的費率，與理論模型所計算的風險費率之間的差異，以探討目前安定基金的提撥率的計算是否適足。

第一章 緒論 1
第一節 研究動機與目的 1
第二節 文獻回顧 3
第二章 台灣壽險公司現況 4
第一節 台灣壽險公司之資產負債特性 4
第二節 未來主要營運風險及監理措施 8
第三章 資產負債模型 10
第一節 利率模型 10
第二節 資產模型 10
第三節 負債模型 11
第四章 安定基金的風險保費模型 12
第一節 一般化風險保費模型 12
第二節 進入監理寬容下的風險保費模型 15
第五章 數值分析 18
第一節 參數估計 18
第二節 數值結果 20
第六章 結論與建議 27
參考文獻 28
附錄 30

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