Review of the Compulsory Storm and Flood Insurance and Policy Implications
Publisher : Korea Insurance Research Institute
Research Area : Business Management
-
The current penetration rate of storm and flood insurance in Korea is very low. The main reasons for low penetration rates are summarised: a limit of compulsory insurance, a lack of public knowledge of the benefits of insurance, the traditional role of the government in ad-hoc compensating for disaster losses, and a difficulty of the control of moral hazard to the consignment insurance company. The purpose of this study was to investigate some prerequisites for introducing the compulsory storm and flood insurance in Korea and to make a suggestions for the Korean government. The results are; First, it is necessary to decree a new compulsory clause(article) in the storm and flood insurance law. Second, it should be stopped the ad-hoc free compensating for disaster losses from government simultaneously by a introduction of compulsory storm and flood insurance. Third, government should establish a special non profit organization, which directly operates the storm and flood insurance. It should be provided a unlimited reinsurance guarantee from government. Finally, It should be agreed that the compulsory storm and flood insurance brings a fundamental issue as like compulsory social insurances based on public interests do.
-
[journal] 김병진 / 2006 / 자연재해보험제도의 운영현황 및 개선방안 / 사업평가현안분석 / 국회예산정책처 (16)
[other] 보험개발원 / 2003 / 선진외국의 보험제도 운영체제 연구, 2003.11
[other] 보험개발원 / 2004 / 중소기업 자연재해보험 도입방안 연구
[other] 보험개발원 / 2004 / CEO REPORT 2004-11
[other] 보험개발원 / 2004 / 농작물재해보험의 제도개선 방안, 2004.12
[other] 보험개발원 / 2006 / 풍수해보험 요율산출 등 시범사업 운영방안 연구, 2006.4
[other] 보험개발원 / 2007 / 풍수해보험 요율 산출 연구, 2007.12
[other] 보험개발원 / 손해보험 통계연보, 각 연도
[other] 서울시정개발연구원 / 2007 / 서울시 시민을 위한 풍수해보험 개선
[other] 소방방재청 / 2006 / 2007년도 하반기 지자체 재난관리 평가지침, 2006.11
[other] 소방방재청 / 2007 / 풍수해보험 실무교재
[other] 소방방재청 / 2006 / 자연재해보험 활성화방안 연구, 2006.12
[other] 양삼승 / 1990 / 헌법논총 1집, 헌법재판소, 1990.12.31 : 111~158
[report] 행정안전부 / 2001 / 재난보험시행방안 보고서
[other] 헌법재판소 / 사건번호 89헌마204, 「화재로인한재해보상과보험가입에관한법률 제5조 제
[other] / 1991 / 1항의 위헌여부에 관한 헌법소원」, 1991.06.03
[other] 현대경제연구원 / 2008 / 세계 재난 속의 한국-한반도 재난 안전지대인가
[other] / 2008 / 『조선일보』, 2008.06.02.
[other] / 2008 / 『한국경제』, 2008.05.19.
[other] Cummins, David / 2006 / Should the Government Provide Insurance for Catastrophes?, in Federal Reserve Bank of St. Louis Revies, 2006,07 : 337~379
[confproc] Freeman, Paul. K. / 2004 / Government Natural Catastrophe Insurance Programs / OECD Conference on Catastrophe Risks and Insurance
[report] Hofman, David / 2006 / Insuring Public Finances Against Natural Disasters-A Survey of Options and Recent Initiatives / International Monetary Fund : 1~22
[other] OECD / 2005 / Catastrophe Risks and Insurance, No 8
[report] Schwarze, Reimund / 2006 / The Political Economy of Natural Disaster Insurance; Lessons from the Failure of a Proposed Compulsory Insurance Scheme in Germany / DIW Berlin
[report] Schwarze, Reimund / 2006 / Versicherungspflicht gegen Elementarscha‥den-Ein Lehrstu‥ck fu‥r Probleme der volkswirtschaftlichen Politikberatung / DIW Berlin
[journal] Van den Bergh, Roger / 2006 / Compulsory Insurance of Loss to Property caused by Natural Disasters: Competition or Solidarity? / Kluwer Law InternationalWorld Competition 29 (1) : 25~54
[other] Vetters, Nadja / 2006 / “Extreme Wetterereignisse: Nationale Risikotransfersysteme im Vergleich”, Institut fuer Volkswirtschaftslehre, Start Clim.8, Uni. Graz : 1~25
[other] Yucemen, Semith / 2007 / “Turkish Catastrophe Insurance Pool(TCIP): Past experience and Recommendation”, in Ⅷ Conference on Insurance Regulation and Supervision in Latin America
-
225
Viewed
Print this page
Download PDF