Motives of Investigation
The Rapid Growth of Online Car-Insurance Market
->Keen Competition
The Rapid Growth of Daum-Direct One
->Not a fore runner at first
->Approach to the insurance market of IT company
- 5th January 2004. Foundation
- Investment rate
-> Daum communication 90% : LG Insurance 10%
- Goal for 2004
-> 1% of market sharing in total carinsurance
-> Tot
Ⅰ. Introduction of insurance industry
Property Insurance
- Long-term insurance(3~15)
· Permanent Insurance
· Savings Insurance!!!
- Carinsurance
: Now in declining trend due to Global Crisis
- General insurance
· Fire
· Marine
· Special
Ⅲ. Applying IFRS
The issue about introduction of IFRS
Then, What is property insurance?
Which covers the risk of property owned by insured person or company.
Subject insured can be house, factory, building, machinery, jewelry, car, ship, air plane… and so on.
Difference between Life insurance and Property insurance in terms of compensation.
Better theoretical explanation is in the online lecture of this week.
Do not just check your
● Non life insurance in Korea has the history of about 49 years, at first Chosen Fire and Marine Insurance Company was established in 1922.
● After the last world war, a number of insurance companies were founded to carry on fire or marine insurance, and some companies gradually extended their activities to a host of other kinds of non-life insurance like automobile insurance in nine com
car survice and truck rental survice. And the customers can use the reception process in homepage.
Enterprise's executives believed that the company had become the largest rent a car company in the U.S. In terms of number of cars, rental location, and revenue.
Because while Enterprise's competitor like Hertz and Avis battled for airport market, Enterprise cultivate insurance agents and body