@article{ART001329650},
author={Lee Kyonghee and 서성민},
title={The Determinants of Insurance Risk Profit Ratio in Korean Life Insurance Companies},
journal={Journal of Insurance and Finance},
issn={2384-3209},
year={2009},
volume={20},
number={1},
pages={3-38}
TY - JOUR
AU - Lee Kyonghee
AU - 서성민
TI - The Determinants of Insurance Risk Profit Ratio in Korean Life Insurance Companies
JO - Journal of Insurance and Finance
PY - 2009
VL - 20
IS - 1
PB - Korea Insurance Research Institute
SP - 3
EP - 38
SN - 2384-3209
AB - This research analyzes the determinants of insurance risk profit ratio in Korean
life insurance companies. Using panel data, we evaluate several factors both firmspecific variables and other socio-economic variables. We show that product portfolio(morbidity benefit vs. mortality benefit), marketing channel(direct vs.financial planner), and ownership type (domestic middle-small size company vs.foreign company) are significant variables. However, size(number of business in force) is not significant factor. Decreasing profit ratio since 2003 is related to the social and economic changes such as increasing of screen ratio in program for early detection of cancer and improvement of morbidity. These results imply that there are obvious limits on the performance management of insurance risk profit.Therefore, life insurance companies should target feasible profit level and use nonguaranteed
elements. Also optimal portfolio and marketing channel strategies are necessary. Finally, life insurance companies should project future cash flow to cope with the potential deterioration of solvency.
KW - direct channel;insurance risk profit ratio;life insurance company;
morbidity benefit
DO -
UR -
ER -
Lee Kyonghee and 서성민. (2009). The Determinants of Insurance Risk Profit Ratio in Korean Life Insurance Companies. Journal of Insurance and Finance, 20(1), 3-38.
Lee Kyonghee and 서성민. 2009, "The Determinants of Insurance Risk Profit Ratio in Korean Life Insurance Companies", Journal of Insurance and Finance, vol.20, no.1 pp.3-38.
Lee Kyonghee, 서성민 "The Determinants of Insurance Risk Profit Ratio in Korean Life Insurance Companies" Journal of Insurance and Finance 20.1 pp.3-38 (2009) : 3.
Lee Kyonghee, 서성민. The Determinants of Insurance Risk Profit Ratio in Korean Life Insurance Companies. 2009; 20(1), 3-38.
Lee Kyonghee and 서성민. "The Determinants of Insurance Risk Profit Ratio in Korean Life Insurance Companies" Journal of Insurance and Finance 20, no.1 (2009) : 3-38.
Lee Kyonghee; 서성민. The Determinants of Insurance Risk Profit Ratio in Korean Life Insurance Companies. Journal of Insurance and Finance, 20(1), 3-38.
Lee Kyonghee; 서성민. The Determinants of Insurance Risk Profit Ratio in Korean Life Insurance Companies. Journal of Insurance and Finance. 2009; 20(1) 3-38.
Lee Kyonghee, 서성민. The Determinants of Insurance Risk Profit Ratio in Korean Life Insurance Companies. 2009; 20(1), 3-38.
Lee Kyonghee and 서성민. "The Determinants of Insurance Risk Profit Ratio in Korean Life Insurance Companies" Journal of Insurance and Finance 20, no.1 (2009) : 3-38.
