本論文主要是針對在產物財務（限額）再保險之內容、監理和定價做探討。由於財務再保險不同於傳統再保險只承保核保風險，更延伸至信用風險、匯率風險與政治風險等非純粹風險，我們首先以財務再保險所保障之時段對產物財務再保險做分類，並說明其內容與功能；其次，因為財務再保險之監理關係著合約之交易成本，我們討論財務再保險的法律課題。最後，以往再保險之定價主要參考”主要再保險公司”之定價，但財務再保險合約性質非常”顧客化”，幾乎無其他再保險公司做為定價參考，所以本文藉模擬分析以提供公平且合理之財務再保險定價模式。

在本文中所假設合約，雖然只是眾多合約型態之兩種而已，但涵括之概念有考量財務（限額）再保險保之限額特性和利潤分享計劃，以及核保風險、理賠時間風險和投資風險，以提供未來財務再保險合約之定價參考。

This article concentrates on the contents of the exhibition, regulation and pricing of the financial or finite risk reinsurance in property-casualty insurances. Much different to traditional reinsurance, financial reinsurance provides more risk protections on payment timing risk, investment risk, credit risk, exchange rate risk, and even political risk. Moreover, financial reinsurance obviously offers primary insurers to expand their underwriting capacity, indirectly diversifies the risks of the primary insurers to the capital market and even immediately protects the policyholders from insolvency risk resulted from the primary insurer's bankruptcy.

In this thesis, we first classify the financial or finite risk reinsurance in the property-casualty insurance by the covered periods and meanwhile display their contrastive functions and advantages. Second, we discuss the regulation issue of financial reinsurance, because the financial reinsurance is highly regulated. Third, we employ simulation to improve the methodology of pricing financial reinsurance. The two supposed contracts on this study, however, do not conclude all the characteristics of the financial or finite risk reinsurances. To the point, we take the limited cover, profit sharing, underwriting risk, payment timing risk and investment risk into account. Meanwhile, we demonstrate the application of simulation in pricing financial reinsurance.

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