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Suggestions for Improvement through Comparison of Calculation Methods of Workers' Compensation Insurance Premium in Korea and Germany

  • Journal of Insurance and Finance
  • 2010, 21(3), pp.33-57
  • Publisher : Korea Insurance Research Institute
  • Research Area : Social Science > Business Management

Sang Ho Kim 1

1관동대학교

Accredited

ABSTRACT

It is expected to reinforce the activity for preventing industrial accidents to evaluate employer's efforts to avert occupational diseases and to reflect it adequately in calculating the premium of workers' compensation insurance. It can also contribute to enhancing equity of the firms which participate in financing workers' compensation insurance. The purpose of this paper is to reduce those work-related accidents by comparing methods of calculating workers' compensation insurance premium in Korea and Germany and making some suggestions for reinforcing employers' efforts to prevent industrial accidents. This paper suggests that the balance rate in Experience Rating System should be based on the expenses related with new industrial accidents within the reference period.

Citation status

* References for papers published after 2023 are currently being built.

This paper was written with support from the National Research Foundation of Korea.