@article{ART002623751},
author={Yongsik Jeon},
title={Analysis on Korea Auto InsuranceBodily Injury liabilities Cases},
journal={Journal of Insurance and Finance},
issn={2384-3209},
year={2020},
volume={31},
number={3},
pages={141-170},
doi={10.23842/jif.2020.31.3.005}
TY - JOUR
AU - Yongsik Jeon
TI - Analysis on Korea Auto InsuranceBodily Injury liabilities Cases
JO - Journal of Insurance and Finance
PY - 2020
VL - 31
IS - 3
PB - Korea Insurance Research Institute
SP - 141
EP - 170
SN - 2384-3209
AB - The paper analyzes a sample of closed automobile accident claim cases drawn from a large Korea insurer in order to test whether claimants decide bodily injury claims for settlement payment and the relationship between settlement payment and medical expense. The test result shows that minor accident injurers intend to claim bodily injury liabilities for settlement payment and that claimants receive proportionally lower settlement payment when medical expenses exceed insurer’s expected value. These results imply that the indemnification schedule of a Korea auto insurance company seems to deter excess medical expense as literature has shown.
KW - Ex-post Moral Hazard;Automobile Bodily Injury Liability Settlement;Sample Selection Model
DO - 10.23842/jif.2020.31.3.005
ER -
Yongsik Jeon. (2020). Analysis on Korea Auto InsuranceBodily Injury liabilities Cases. Journal of Insurance and Finance, 31(3), 141-170.
Yongsik Jeon. 2020, "Analysis on Korea Auto InsuranceBodily Injury liabilities Cases", Journal of Insurance and Finance, vol.31, no.3 pp.141-170. Available from: doi:10.23842/jif.2020.31.3.005
Yongsik Jeon "Analysis on Korea Auto InsuranceBodily Injury liabilities Cases" Journal of Insurance and Finance 31.3 pp.141-170 (2020) : 141.
Yongsik Jeon. Analysis on Korea Auto InsuranceBodily Injury liabilities Cases. 2020; 31(3), 141-170. Available from: doi:10.23842/jif.2020.31.3.005
Yongsik Jeon. "Analysis on Korea Auto InsuranceBodily Injury liabilities Cases" Journal of Insurance and Finance 31, no.3 (2020) : 141-170.doi: 10.23842/jif.2020.31.3.005
Yongsik Jeon. Analysis on Korea Auto InsuranceBodily Injury liabilities Cases. Journal of Insurance and Finance, 31(3), 141-170. doi: 10.23842/jif.2020.31.3.005
Yongsik Jeon. Analysis on Korea Auto InsuranceBodily Injury liabilities Cases. Journal of Insurance and Finance. 2020; 31(3) 141-170. doi: 10.23842/jif.2020.31.3.005
Yongsik Jeon. Analysis on Korea Auto InsuranceBodily Injury liabilities Cases. 2020; 31(3), 141-170. Available from: doi:10.23842/jif.2020.31.3.005
Yongsik Jeon. "Analysis on Korea Auto InsuranceBodily Injury liabilities Cases" Journal of Insurance and Finance 31, no.3 (2020) : 141-170.doi: 10.23842/jif.2020.31.3.005
